Unipar Carbocloro S.A. Stock Forecast
Red day on Tuesday for Unipar Carbocloro S.A.
(Updated on May 28, 2024)
The Unipar Carbocloro S.A. stock price fell by -0.768% on the last day (Tuesday, 28th May 2024) from R$50.80 to R$50.41. During the last trading day the stock fluctuated 1.77% from a day low at R$50.18 to a day high of R$51.07. The price has fallen in 8 of the last 10 days and is down by -2.59% for this period. Volume has increased on the last day by 100 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, 179 thousand shares were bought and sold for approximately R$9.03 million.
The stock lies in the middle of a 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 -29.00% during the next 3 months and, with a 90% probability hold a price between R$34.71 and R$37.79 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
UNIP6.SA Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 22, 2024, and so far it has risen 0.219%. 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. The Unipar Carbocloro 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$50.59 and R$54.56. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Unipar Carbocloro S.A. stock
Unipar Carbocloro S.A. finds support from accumulated volume at R$50.30 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$0.89 between high and low, or 1.77%. For the last week, the stock has had daily average volatility of 1.54%.
Unipar Carbocloro S.A. is oversold on RSI14 (20). 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 Wednesday 29th
For the upcoming trading day on Wednesday, 29th we expect Unipar Carbocloro S.A. to open at R$50.55, and during the day (based on 14 day Average True Range), to move between R$49.40 and R$51.42, which gives a possible trading interval of +/-R$1.01 (+/-2.00%) 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 4.00% 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$50.30 (0.22%) than the resistance at R$52.00 (3.15%), 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 is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.206 Sell Candidate Unchanged
Predicted Opening Price for Unipar Carbocloro S.A. of Wednesday, May 29, 2024
| Fair opening price May 29, 2024 | Current price |
|---|---|
| R$50.55 ( 0.284%) | R$50.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UNIP6.SA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 51.44 | 2.05 % | |
| R2 | 51.10 | 1.38 % | ||
| R1 | 50.89 | 0.96 % | ||
| Current price: | 50.41 | |||
| Support | S1 | 50.21 | -0.390 % | |
| S2 | 50.00 | -0.81 % | ||
| S3 | 49.66 | -1.48 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 56.35 | 11.78 % | |
| R2 | 52.79 | 4.72 % | ||
| R1 | 52.00 | 3.15 % | ||
| Current price | 50.41 | |||
| Support | S1 | 50.30 | -0.218% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
UNIP6 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 20, 2024 | Mar 20, 2024 | Apr 01, 2024 | R$1.48 | 2.47% |
| 2 | Dec 19, 2023 | Dec 19, 2023 | Dec 19, 2023 | R$0 | 0% |
| 3 | Apr 24, 2023 | Apr 24, 2023 | Apr 24, 2023 | R$0.83 | 1.46% |
| 4 | Nov 17, 2022 | Nov 17, 2022 | Nov 17, 2022 | R$4.99 | 5.97% |
| 5 | Aug 17, 2022 | Aug 17, 2022 | Aug 17, 2022 | R$4.98 | 6.75% |
FAQ
Click here for our free guide on how to buy Unipar Carbocloro S.A. Stock.
