Fri 19'th Oct 2018
ARACRUZ CELLULOSE S A Stock Analysis
Technical stock analysis for Fri 19'th Oct 2018
|Shorts||17.46% ( 2018-09-28 )|
ARACRUZ CELLULOSE S A fell by -2.96% in the last day from $18.27 to $17.73 The price has fallen in 6 of the last 10 days and is down by -13.39% 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 -45 639 shares and in total 136 287 shares bought and sold for approximately $2.42 million.
ARACRUZ CELLULOSE S A has broken the very wide and strong rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $18.27. A reaction back to this level may hold a second chance to get out before further falls.
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 $18.71 and $20.33. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday October 16, 2018, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 19 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $16.63 and $16.53.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, ARACRUZ CELLULOSE S A finds support just below today's level at $16.63. If this is broken, then the next support from accumulated volume will be at $16.53 and $16.09.
This stock may move much during a 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 $0.87 between high and low, or 4.94%. For the last week, the stock has had a daily average volatility of 5.54%.
ARACRUZ CELLULOSE S A is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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The ARACRUZ CELLULOSE S A stock holds several negative signals and despite the positive trend we believe ARACRUZ CELLULOSE S A will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.Click for Top 5 Sell Candidates
|ARA $17.73 $-0.54(-2.96%)|
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