Cielo Sa Stock Forecast
Cielo Sa stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on Apr 25, 2024)
The Cielo Sa stock price fell by -0.0105% on the last day (Thursday, 25th Apr 2024) from $0.95 to $0.95. During the last trading day the stock fluctuated 7.38% from a day low at $0.95 to a day high of $1.02. The price has fallen in 5 of the last 10 days and is down by -6.87% for this period. Volume has increased on the last day by 22 thousand 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, 22 thousand shares were bought and sold for approximately $21.27 thousand.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Cielo Sa stock with a 90% probability to be traded between $0.89 and $1.01 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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CIOXY Signals & Forecast
There are few to no technical positive signals at the moment. The Cielo Sa 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 $0.97 and $0.99. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, February 29, 2024, and so far it has fallen -8.66%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Cielo Sa gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Cielo Sa stock
Cielo Sa finds support from accumulated volume at $0.92 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 $0.0701 between high and low, or 7.38%. For the last week, the stock has had daily average volatility of 5.85%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CIOXY) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Cielo Sa to open at $0.97, and during the day (based on 14 day Average True Range), to move between $0.90 and $1.00, which gives a possible trading interval of +/-$0.0502 (+/-5.29%) up or down from last closing price. If Cielo Sa takes out the full calculated possible swing range there will be an estimated 10.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.92 (2.99%) than the resistance at $1.00 (5.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Cielo Sa will release earnings -- on Friday, April 26, 2024. We will update the financials statements for Cielo Sa, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.40% in the first trading day after earnings release.
Is Cielo Sa stock A Buy?
Cielo Sa holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.403 Sell Candidate Downgraded
Predicted Opening Price for Cielo Sa of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $0.97 ( 2.46%) | $0.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CIOXY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.04 | 9.84 % | |
| R2 | 1.02 | 7.02 % | ||
| R1 | 1.00 | 5.28 % | ||
| Current price: | 0.95 | |||
| Support | S1 | 0.95 | -0.359 % | |
| S2 | 0.93 | -2.10 % | ||
| S3 | 0.90 | -4.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.02 | 7.38 % | |
| R2 | 1.01 | 6.33 % | ||
| R1 | 1.00 | 5.27 % | ||
| Current price | 0.95 | |||
| Support | S1 | 0.92 | -2.99% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
CIOXY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | May 07, 2024 | $0.0198 | 2.09% |
| 2 | Dec 29, 2023 | Dec 29, 2023 | Feb 07, 2024 | $0.0088 | 0.89% |
| 3 | Nov 10, 2023 | Nov 10, 2023 | Dec 01, 2023 | $0.0092 | 1.12% |
| 4 | Aug 02, 2023 | Aug 11, 2023 | Aug 29, 2023 | $0.0099 | 1.20% |
| 5 | Aug 04, 2023 | May 05, 2023 | May 25, 2023 | $0.0150 | 1.59% |
FAQ
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