Bullish vs. Bearish (6 opinions)
Social Sentiment 0.39
CX Forecast and Technical Stock Analysis
Sell candidate since 2019-07-09 Loss -24.94%
Cemex SAB de CV gained 0.67% in the last trading day ( Tuesday, 20th Aug 2019 ), rising from $2.99 to $3.01 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 2.86% from a day low at $2.99 to a day high of $3.08. The price has been going up and down for this period, and there has been a -3.53% loss for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.15 million more shares were traded than the day before. In total, 5.52 million shares bought and sold for approximately $16.61 million.
- 30 day high of the CX stock price was $3.81 and low was $2.82.
- 90 day high was $4.46 and low was $2.82.
- 52 week high for Cemex SAB de CV - $7.45 and low - $2.82.
Cemex SAB de CV 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 -27.81% during the next 3 months and, with 90% probability hold a price between $1.98 and $2.57 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday August 15, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Cemex SAB de CV holds a buy signal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $3.58. On a fall, the stock will find some support from the short-term average at $2.98. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
The stock currently holds a RSI14 at 21 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.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Cemex SAB de CV finds support from accumulated volume at $2.97.
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 $0.09 between high and low, or 2.86%. For the last week, the stock has had a daily average volatility of 3.37%.
Cemex SAB de CV is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
3.37 %Average volatility
Very Low Low Medium High Very High
|CX $3.01 ($0.02 0.67%)|
CX is up $0.02 today, but where's it headed in 2019?
|Zacks Investment Research is releasing its prediction for CX based on the 1-3 month system that more than doubles the S&P 500.
This report is free today for StockInvest.us readers.
Click here – the CX analysis is free »
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!