Tupy S.A. Stock Forecast

Stronger technical forecast for Tupy S.A. stock price after Wednesday trading.
(Updated on May 08, 2024)

TUPY3.SA Signals & Forecast

There are few to no technical positive signals at the moment. The Tupy S.A. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at R$25.95 and R$27.14. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -12.87%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Tupy S.A. stock

Tupy S.A. finds support from accumulated volume at R$25.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved R$0.510 between high and low, or 2.04%. For the last week, the stock has had daily average volatility of 2.59%.

Tupy S.A. is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: R$24.10 (-4.80%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 23 which reduces the risk some. There is a sell signal from a pivot top found 21 days ago.)

Trading Expectations (TUPY3.SA) For The Upcoming Trading Day Of Thursday 9th

For the upcoming trading day on Thursday, 9th we expect Tupy S.A. to open at R$25.27, and during the day (based on 14 day Average True Range), to move between R$24.69 and R$25.93, which gives a possible trading interval of +/-R$0.619 (+/-2.44%) up or down from last closing price. If Tupy S.A. takes out the full calculated possible swing range there will be an estimated 4.89% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at R$25.00 (1.22%) than the resistance at R$25.67 (1.42%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Tupy S.A. stock A Buy?

Tupy S.A. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.909 Hold/Accumulate Upgraded

Predicted Opening Price for Tupy S.A. of Thursday, May 9, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.