Cemex SAB de CV Forecast and Stock Analysis
Technical CX stock analysis for February 15, 2019.
|Shorts||2.29% ( 2019-01-31 )|
Cemex SAB de CV gained 0.41% in the last trading day, rising from $4.90 to $4.92 , and has now gained 3 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. The price has risen in 6 of the last 10 days , but is still down by -7.87% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.41 million more shares were traded than the day before. In total, 8.11 million shares bought and sold for approximately $39.92 million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the CX stock was $4.92. This is 0.41% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 1.74% from a day low at $4.88 to a day high of $4.96.
30 day high of the CX stock price was $5.63 and low was $4.75.
90 day high was $5.63 and low was $4.47.
52 week high for the Cemex SAB de CV - $7.65 and low - $4.47.
Cemex SAB de CV lies in the lower part of a wide and weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $4.85 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 8.98% during the next 3 months and, with 90% probability hold a price between $5.28 and $6.23 at the end of this period.
A buy signal was issued from a pivot bottom point on Wednesday February 13, 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 buysignal 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 $5.16. On a fall, the stock will find some support from the short-term average at $4.91. 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)
RSI14 is 37 and the stock is currently not being overbought or oversold
Support & Resistance
Cemex SAB de CV finds support from accumulated volume at $4.90.
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 1.74%. For the last week, the stock has had a daily average volatility of 3.24%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
Cemex SAB de CV 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.