ARACRUZ CELLULOSE S A Stock Analysis
Technical stock analysis for Tue 11'th Dec 2018
|Shorts||11.71% ( 2018-11-15 )|
ARACRUZ CELLULOSE S A fell by -0.37% in the last day from $16.10 to $16.04 The price has fallen in 6 of the last 10 days and is down by -0.68% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -24 320 shares and in total 85 075 shares bought and sold for approximately $1.36 million.
ARACRUZ CELLULOSE S A lies in the middle of a very 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 -23.19% during the next 3 months and, with 90% probability hold a price between $10.77 and $14.26 at the end of this period.
There are few to none technical positive signals at the moment. ARACRUZ CELLULOSE S A holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $16.23 and $17.45. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Monday December 10, 2018, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Relative Strength Index (RSI)
RSI14 is 50 and the stock is currently not being overbought or oversold
Support & Resistance
ARACRUZ CELLULOSE S A finds support from accumulated volume at $16.03.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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ARACRUZ CELLULOSE S A holds several negative signals and is within a very wide and 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.
|ARA $16.04 $-0.06(-0.37%)|
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