Unipar Carbocloro S.A. Stock Forecast

Unipar Carbocloro S.A. stock price ended at R$54.16 on Monday, after gaining 0.333%.
(Updated on May 06, 2024)

UNIP6.SA Signals & Forecast

There are mixed signals in the stock today. The Unipar Carbocloro S.A. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at R$61.52. On a fall, the stock will find some support from the short-term average at R$53.42. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 2.60%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

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

Unipar Carbocloro S.A. finds support from accumulated volume at R$53.98 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved R$0.90 between high and low, or 1.67%. For the last week, the stock has had daily average volatility of 1.40%.

Unipar Carbocloro S.A. is oversold on RSI14 (16). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (UNIP6.SA) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect Unipar Carbocloro S.A. to open at R$54.29, and during the day (based on 14 day Average True Range), to move between R$52.89 and R$55.43, which gives a possible trading interval of +/-R$1.27 (+/-2.35%) up or down from last closing price. If Unipar Carbocloro S.A. takes out the full calculated possible swing range there will be an estimated 4.71% 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$53.98 (0.33%) than the resistance at R$65.31 (20.59%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Unipar Carbocloro S.A. stock A Buy?

Unipar Carbocloro S.A. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.366 Sell Candidate Unchanged

Predicted Opening Price for Unipar Carbocloro S.A. of Tuesday, May 7, 2024

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