Telefônica Brasil S.A. Stock Forecast
Stronger technical forecast for Telefônica Brasil S.A. stock price after Tuesday trading.
(Updated on May 28, 2024)
The Telefônica Brasil S.A. stock price fell by -1.31% on the last day (Tuesday, 28th May 2024) from R$45.93 to R$45.33. During the last trading day the stock fluctuated 1.96% from a day low at R$45.31 to a day high of R$46.20. The price has fallen in 5 of the last 10 days but is still up by 0.04% over the past 2 weeks. Volume has increased on the last day by 2 million 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, 3 million shares were bought and sold for approximately R$114.25 million.
The stock lies in the middle of a 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 -14.20% during the next 3 months and, with a 90% probability hold a price between R$37.37 and R$41.60 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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VIVT3.SA Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has risen 0.488%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Telefônica Brasil 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$45.71 and R$47.55. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Telefônica Brasil S.A. stock
Telefônica Brasil S.A. finds support from accumulated volume at R$45.31 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 1.96%. For the last week, the stock has had daily average volatility of 1.61%.
Our recommended stop-loss: R$42.96 (-5.22%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (VIVT3.SA) For The Upcoming Trading Day Of Wednesday 29th
For the upcoming trading day on Wednesday, 29th we expect Telefônica Brasil S.A. to open at R$45.61, and during the day (based on 14 day Average True Range), to move between R$44.39 and R$46.27, which gives a possible trading interval of +/-R$0.94 (+/-2.07%) up or down from last closing price. If Telefônica Brasil S.A. takes out the full calculated possible swing range there will be an estimated 4.15% 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$45.31 (0.04%) than the resistance at R$45.90 (1.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Telefônica Brasil S.A. stock A Buy?
Telefônica Brasil 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: -0.884 Hold/Accumulate Upgraded
Predicted Opening Price for Telefônica Brasil S.A. of Wednesday, May 29, 2024
| Fair opening price May 29, 2024 | Current price |
|---|---|
| R$45.61 ( 0.625%) | R$45.33 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VIVT3.SA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 46.50 | 2.59 % | |
| R2 | 46.16 | 1.84 % | ||
| R1 | 45.95 | 1.38 % | ||
| Current price: | 45.33 | |||
| Support | S1 | 45.27 | -0.125 % | |
| S2 | 45.06 | -0.588 % | ||
| S3 | 44.72 | -1.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 52.01 | 14.74 % | |
| R2 | 46.94 | 3.55 % | ||
| R1 | 45.90 | 1.26 % | ||
| Current price | 45.33 | |||
| Support | S1 | 45.31 | -0.0441% | |
| S2 | 45.26 | -0.154% | ||
| S3 | 45.11 | -0.485% |
VIVT3 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 30, 2024 | Apr 30, 2024 | Apr 01, 2025 | R$0.195 | 0.431% |
| 2 | Apr 11, 2024 | Apr 11, 2024 | Apr 11, 2024 | R$0 | 0% |
| 3 | Apr 01, 2024 | Apr 01, 2024 | Apr 01, 2024 | R$0 | 0% |
| 4 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | R$0 | 0% |
| 5 | Oct 24, 2023 | Oct 24, 2023 | Oct 24, 2023 | R$0.0906 | 0.204% |
FAQ
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