Trisul S.A. Stock Forecast
Red day on Friday for Trisul S.A.
(Updated on Jun 28, 2024)
The Trisul S.A. stock price fell by -0.615% on the last day (Friday, 28th Jun 2024) from R$4.88 to R$4.85. During the last trading day the stock fluctuated 4.23% from a day low at R$4.73 to a day high of R$4.93. The price has risen in 6 of the last 10 days and is up by 4.75% over the past 2 weeks. Volume has increased on the last day by 85 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 622 thousand shares were bought and sold for approximately R$3.01 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.11% during the next 3 months and, with a 90% probability hold a price between R$3.81 and R$4.78 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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TRIS3.SA Signals & Forecast
The Trisul S.A. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at R$4.75 and R$4.75. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 7.06%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Friday, May 31, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Friday, May 31, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Trisul S.A. stock
Trisul S.A. finds support from accumulated volume at R$4.71 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved R$0.200 (4.23%) between high and low. For the last week, the stock has had daily average volatility of 3.43%.
Our recommended stop-loss: R$4.71 (-2.82%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 69 days ago.)
Trading Expectations (TRIS3.SA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Trisul S.A. to open at R$4.84, and during the day (based on 14 day Average True Range), to move between R$4.69 and R$5.01, which gives a possible trading interval of +/-R$0.160 (+/-3.29%) up or down from last closing price. If Trisul S.A. takes out the full calculated possible swing range there will be an estimated 6.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at R$4.88 (0.62%) than the support at R$4.71 (2.89%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Trisul S.A. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.210 Buy Candidate Unchanged
Predicted Opening Price for Trisul S.A. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| R$4.84 ( 0.275%) | R$4.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRIS3.SA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.04 | 3.85% |
| R2 | 4.96 | 2.27% |
| R1 | 4.91 | 1.30% |
| Price | 4.85 | |
| S1 | 4.76 | -1.85% |
| S2 | 4.71 | -2.82% |
| S3 | 4.64 | -4.40% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.52 | 13.81% |
| R2 | 4.90 | 1.03% |
| R1 | 4.88 | 0.619% |
| Price | 4.85 | |
| S1 | 4.71 | -2.89% |
| S2 | 4.66 | -3.92% |
| S3 | 4.53 | -6.60% |
TRIS3 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 30, 2024 | Apr 30, 2024 | Sep 01, 2024 | R$0.0361 | 0.745% |
| 2 | Apr 25, 2024 | Apr 25, 2024 | Sep 30, 2024 | R$0.162 | 3.33% |
| 3 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | R$0.0686 | 2.13% |
| 4 | Apr 26, 2023 | Apr 26, 2023 | Apr 26, 2023 | R$0.137 | 4.41% |
| 5 | Apr 27, 2022 | Apr 27, 2022 | Apr 27, 2022 | R$0.220 | 6.00% |
FAQ
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