BB Seguridade Participacoes S.A. Stock Forecast
BB Seguridade Participacoes S.A. stock price ended at $6.34 on Wednesday, after gaining 0.348%.
(Updated on Apr 17, 2024)
The BB Seguridade Participacoes S.A. stock price gained 0.348% on the last trading day (Wednesday, 17th Apr 2024), rising from $6.32 to $6.34. During the last trading day the stock fluctuated 1.75% from a day low at $6.27 to a day high of $6.38. The price has been going up and down for this period, and there has been a -2.91% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 594 more shares were traded than the day before. In total, 52 thousand shares were bought and sold for approximately $329.27 thousand.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $6.31 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -8.02% during the next 3 months and, with a 90% probability hold a price between $5.80 and $6.46 at the end of this 3-month period.
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BBSEY Signals & Forecast
There are mixed signals in the stock today. The BB Seguridade Participacoes 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 $6.51 and $6.60. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.348%. 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). BB Seguridade Participacoes S.A. has increased 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.
Support, Risk & Stop-loss for BB Seguridade Participacoes S.A. stock
BB Seguridade Participacoes S.A. finds support from accumulated volume at $6.32 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.110 between high and low, or 1.75%. For the last week the stock has had daily average volatility of 3.01%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BBSEY) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect BB Seguridade Participacoes S.A. to open at $6.33, and during the day (based on 14 day Average True Range), to move between $6.19 and $6.49, which gives a possible trading interval of +/-$0.155 (+/-2.44%) up or down from last closing price. If BB Seguridade Participacoes S.A. takes out the full calculated possible swing range there will be an estimated 4.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.32 (0.35%) than the resistance at $6.45 (1.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BB Seguridade Participacoes S.A. stock A Buy?
BB Seguridade Participacoes S.A. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.351 Sell Candidate Unchanged
Predicted Opening Price for BB Seguridade Participacoes S.A. of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $6.33 ( 0.158%) | $6.34 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BBSEY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.44 | 1.58 % | |
| R2 | 6.40 | 0.91 % | ||
| R1 | 6.37 | 0.505 % | ||
| Current price: | 6.34 | |||
| Support | S1 | 6.29 | -0.82 % | |
| S2 | 6.26 | -1.23 % | ||
| S3 | 6.22 | -1.89 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.73 | 6.15 % | |
| R2 | 6.71 | 5.84 % | ||
| R1 | 6.45 | 1.74 % | ||
| Current price | 6.34 | |||
| Support | S1 | 6.32 | -0.347% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
BBSEY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 05, 2024 | Feb 14, 2024 | Feb 14, 2024 | $0.220 | 3.28% |
| 2 | Aug 17, 2023 | Aug 17, 2023 | Aug 17, 2023 | $0.298 | 4.93% |
| 3 | Feb 21, 2023 | Feb 21, 2023 | Feb 21, 2023 | $0.361 | 5.14% |
| 4 | Feb 10, 2023 | Feb 17, 2023 | Mar 14, 2023 | $0.330 | 5.26% |
| 5 | Aug 18, 2022 | Aug 18, 2022 | Aug 18, 2022 | $0.203 | 3.68% |
FAQ
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