Weaker Buy Today EBR ranks #1 as BUY CANDIDATE.
Today EBR ranks #1 as BUY CANDIDATE.

EBR stock Centrais Elétricas Brasileiras S.A. - Eletrobras

EBR stock
Centrais Elétricas Brasileiras S.A. - Eletrobras

23 January 2019
Change 4.48%
Chart period: 2018-10-24 - 2019-01-23
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy
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Centrais Elétricas Brasileiras S.A. - Eletrobras Stock Analysis

Technical stock analysis for 23 January 2019

Buy candidate since 2019-01-18 Gain 3.14%
Shorts 0.83% ( 2018-12-31 )
Cash n/a
Loans n/a
Beta 0.35
ROA -1.40

Centrais Elétricas Brasileiras S.A. - Eletrobras gained 4.48% in the last trading day, rising from $8.48 to $8.86 The price has risen in 6 of the last 10 days and is up by 7.39% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 22 374 more shares were traded than the day before. In total, 597 122 shares bought and sold for approximately $5.29 million.

Close price at the end of the last trading day (Wednesday, 23rd Jan 2019) of the EBR stock was $8.86. This is 4.48% more than the trading day before Tuesday, 22nd Jan 2019.

During day the stock fluctuated 3.13% from a day low at $8.63 to a day high of $8.90.

30 day high of the EBR stock price was $8.90 and low was $5.56.
90 day high was $8.90 and low was $5.56.
52 week high for the Centrais Elétricas Brasileiras S.A. - Eletrobras - $8.90 and low - $3.14.

Trend

Centrais Elétricas Brasileiras S.A. - Eletrobras has broken the very wide and strong rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at $8.71, a level that may pose a second chance to hit a runner. According to fan-theory $11.06 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.

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Signals

Only positive signals in the chart today. Centrais Elétricas Brasileiras S.A. - Eletrobras holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $8.42 and $7.09. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday January 07, 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.

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Relative Strength Index (RSI)

RSI14 is 69 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $8.27 and $8.25.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Centrais Elétricas Brasileiras S.A. - Eletrobras finds support just below today's level at $8.27. If this is broken, then the next support from accumulated volume will be at $8.25 and $8.22.

Support: $8.27 Price: $8.86

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 $0.27 between high and low, or 3.13%. For the last week, the stock has had a daily average volatility of 3.16%.

Our recommended stoploss: $8.39 (-5.30%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 11 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Centrais Elétricas Brasileiras S.A. - Eletrobras holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape, we therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.

Weaker Buy Today EBR ranks #1 as BUY CANDIDATE.
Today EBR ranks #1 as BUY CANDIDATE.