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Cemex SAB de CV Forecast and Stock Analysis
Technical CX stock analysis for April 24, 2019.
|Shorts||1.62% ( 2019-03-29 )|
Cemex SAB de CV gained 0.84% in the last trading day, rising from $4.78 to $4.82 The price has been going up and down for this period, and there has been a -3.02% loss for the last 2 weeks. Volume fell in the last day by -2.03 million shares, and in total, 7.68 million shares bought and sold for approximately $37.00 million. 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.
Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the CX stock was $4.82. This is 0.84% more than the trading day before Tuesday, 23rd Apr 2019.
During day the stock fluctuated 2.11% from a day low at $4.73 to a day high of $4.83.
30 day high of the CX stock price was $5.10 and low was $4.54.
90 day high was $5.52 and low was $4.53.
52 week high for the Cemex SAB de CV - $7.60 and low - $4.47.
Cemex SAB de CV lies in the middle of a 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 -7.92% during the next 3 months and, with 90% probability hold a price between $4.03 and $4.71 at the end of this period.
Only positive signals in the chart today. Cemex SAB de CV holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $4.84. On a fall, the stock will find some support from the long-term average at approximately $4.80. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Tuesday April 23, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
RSI14 is 51 and the stock is currently not being overbought or oversold
Support & Resistance
Cemex SAB de CV finds support from accumulated volume at $4.80.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.10 (2.11%) between high and low. For the last week, the stock has had a daily average volatility of 2.39%.
Our recommended stoploss: $4.56 (-5.46%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
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Evaluation: Buy Candidate
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.
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|CX $4.82 ($0.04 0.84%)|
CX is up $0.04 today, but where's it headed in 2019?
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