Weaker Buy Today CX ranks #1907 as BUY CANDIDATE. Stronger Buy
Today CX ranks #1907 as BUY CANDIDATE.

CX stock Cemex SAB de CV

CX stock
Cemex SAB de CV

April 24, 2019
Change 0.84%
Chart period: 2019-01-25 - 2019-04-24
VOLUME
Sell
TREND
Sell

MV LONG
Buy

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

Social Sentiment for CX

Today's data is from 1 opinions on StockTwits provided by IEX Cloud.
Bullish vs. Bearish opinions
100%
0%
Weighted Sentiment 0.00

Will CX stock price go up or down on Thu, 25 Apr 2019?

Cemex SAB de CV Forecast and Stock Analysis

Technical CX stock analysis for April 24, 2019.

Buy candidate since 2019-04-24
Shorts 1.62% ( 2019-03-29 )
Cash n/a
Loans n/a
Beta 1.57
ROA 1.92

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.

Trend

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.

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Signals

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.

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A buy signal from a double bottom formation was found on Tuesday April 23, 2019 and based on theory for this formation the price should go up by 0.26% to $5.04 within 7 trading days since signal was issued (Thursday May 02, 2019).

Relative Strength Index (RSI)

RSI14 is 51 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Cemex SAB de CV finds support from accumulated volume at $4.80.

Support: $4.80 Price: $4.82 Resistance: $4.87

Risk

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.)

Overall risk:

Very Low Low Medium High Very High

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.

Weaker Buy Today CX ranks #1907 as BUY CANDIDATE. Stronger Buy
Today CX ranks #1907 as BUY CANDIDATE.