Hold/Accumulate
Tue 23'rd May 2017

PERIOD COVERED
2017-02-24 - 2017-05-23
CHANGE
1.37%
PRICE
$8.13
VOLUME
Sell
TREND
Sell
MV LONG
Sell
MV SHORT
Sell
PIVOT
Buy
MACD
Buy
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Cencosud SA Stock Analysis

Technical stock analysis for Tue 23'rd May 2017

Hold candidate since 2017-05-23

Cencosud SA gained 1.37% in the last trading day, rising from USD 8.02 to USD 8.13 The price has risen in 5 of the last 10 days , but is still down by -1.81% for this period. Volume fell in the last day by -19 825 shares, and in total, 71 277 shares bought and sold for approximately USD 579 482. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Trend

Cencosud SA lies in the lower of a wide and weak falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at USD 7.95 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -6.9% during the next 3 months and, with 90% probability hold a price between USD 7.40 and USD 8.58 at the end of this period.

Signals

A buy signal was issued from a pivot bottom point on Tuesday May 09, 2017, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Cencosud SA 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 USD 8.24 and USD 8.70. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Relative Strength Index (RSI)

RSI14 is 36 and the stock is currently not being overbought or oversold

Support & Resistance

Cencosud SA finds support from accumulated volume at USD 8.02. On the upside the stock meets some resistance from accumulated volume at USD 9.27, USD 8.99 and USD 8.65.

Risk

In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.

Our recommended stoploss: USD 7.67 (-5.69%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 10 days ago.)

Evaluation

Cencosud SA holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development.

Hold/Accumulate

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