Wednesday June 19, 2019 Change -0.23% Price $12.89
Chart period: 2019-03-20 - 2019-06-19
VOLUME
Sell
TREND
Buy
MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

Will CZZ stock price go up or down on Thu, 20 Jun 2019?

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Cosan Limited Forecast and Stock Analysis

Technical CZZ stock analysis for Wednesday June 19, 2019.

Sell candidate since 2019-06-19


Cosan Limited fell by -0.23% in the last day ( Wednesday, 19th Jun 2019 ) from $12.92 to $12.89 and has now fallen 4 days in a row. During day the stock fluctuated 2.50% from a day low at $12.79 to a day high of $13.11. The price has been going up and down for this period, and there has been a 1.1% gain for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -0.91 million shares and in total 1.04 million shares bought and sold for approximately $13.38 million.

Quick summary:

  • 30 day high of the CZZ stock price was $13.49 and low was $10.83.
  • 90 day high was $13.49 and low was $10.83.
  • 52 week high for the Cosan Limited - $13.49 and low - $6.21.

Trend

Cosan Limited lies in the upper part of a wide and weak rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $13.26 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 4.68% during the next 3 months and, with 90% probability hold a price between $11.70 and $13.88 at the end of this period.

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Signals

Cosan Limited 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 $13.01. On a fall, the stock will find some support from the long-term average at approximately $12.20. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Friday June 14, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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A sell signal from a double top formation was found on Friday June 14, 2019 and based on theory for this formation the price should fall by -0.52% to $12.66 within 5 trading days since signal was issued (Friday June 21, 2019).

Relative Strength Index (RSI)

RSI14 is 57 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Cosan Limited finds support from accumulated volume at $12.63.

Support: $12.63 Price: $12.89 Resistance: $12.92

Risk

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 $0.32 between high and low, or 2.50%. For the last week, the stock has had a daily average volatility of 4.46%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

4.46 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

Cosan Limited 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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.

Sell Candidate Downgraded
Stronger Sell Today CZZ ranks #3645 as SELL CANDIDATE #3645 Weaker Sell

Will CZZ stock price go up or down on Thu, 20 Jun 2019?

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