ARACRUZ CELLULOSE S A Forecast and Stock Analysis
Technical ARA stock analysis for February 15, 2019.
|Shorts||21.84% ( 2019-01-31 )|
ARACRUZ CELLULOSE S A gained 5.65% in the last trading day, rising from $12.21 to $12.90 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 6 of the last 10 days and is up by 6.79% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 30 950 more shares were traded than the day before. In total, 105 262 shares bought and sold for approximately $1.36 million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the ARA stock was $12.90. This is 5.65% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 5.73% from a day low at $12.25 to a day high of $12.95.
30 day high of the ARA stock price was $12.95 and low was $11.64.
90 day high was $17.31 and low was $11.09.
52 week high for the ARACRUZ CELLULOSE S A - $24.07 and low - $11.09.
ARACRUZ CELLULOSE S A has broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is $12.68, a level that may pose a second chance to hit a runner. According to fan-theory $16.95 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.
Only positive signals in the chart today. ARACRUZ CELLULOSE S A holds buy signals from both short- and long-term moving averages. In addition, 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 $12.09 and $12.03. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday February 08, 2019, which indicates further gains until a new top pivot has been found. ARACRUZ CELLULOSE S A has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Relative Strength Index (RSI)
RSI14 is 64 and the stock is currently not being overbought or oversold
Support & Resistance
ARACRUZ CELLULOSE S A finds support from accumulated volume at $12.47.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.70 (5.73%) between high and low. For the last week, the stock has had a daily average volatility of 3.41%.
Our recommended stoploss: $12.39 (-3.96%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 5 days ago.)
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Evaluation: Buy Candidate
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.