Centrais Elétricas Brasileiras S.A. - Eletrobras Forecast and Stock Analysis
Technical EBR stock analysis for Wednesday June 19, 2019.
Centrais Elétricas Brasileiras S.A. - Eletrobras gained 2.24% in the last trading day ( Wednesday, 19th Jun 2019 ), rising from $8.93 to $9.13 , 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. During day the stock fluctuated 3.74% from a day low at $8.82 to a day high of $9.15. The price has risen in 6 of the last 10 days and is up by 2.7% over the past 2 weeks. Volume fell in the last day by -30 640 shares, and in total, 279 677 shares bought and sold for approximately $2.55 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.
- 30 day high of the EBR stock price was $9.64 and low was $7.44.
- 90 day high was $9.85 and low was $7.41.
- 52 week high for the Centrais Elétricas Brasileiras S.A. - Eletrobras - $10.89 and low - $3.14.
Centrais Elétricas Brasileiras S.A. - Eletrobras lies the upper part of a very wide and falling 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 $9.37 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -2.92% during the next 3 months and, with 90% probability hold a price between $7.16 and $9.10 at the end of this period.
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 $9.09 and $8.51. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday June 17, 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 62 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $8.49 and $8.29.
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 $8.49. If this is broken, then the next support from accumulated volume will be at $8.29 and $8.20.
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 $0.33 between high and low, or 3.74%. For the last week, the stock has had a daily average volatility of 3.26%.
Our recommended stoploss: $8.71 (-4.61%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)
3.26 %Average volatility
Very Low Low Medium High Very High
Centrais Elétricas Brasileiras S.A. - Eletrobras holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.
|Golden Star Signal|
Get competitive edge
The signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives a very good return. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
Get access to Golden Star list now
|EBR $9.13 ($0.20 2.24%)|
EBR is up $0.20 today, but where's it headed in 2019?
|Zacks Investment Research is releasing its prediction for EBR based on the 1-3 month system that more than doubles the S&P 500.
This report is free today for StockInvest.us readers.
Click here – the EBR analysis is free »
From Our Blog
- Trading With Moving Average
- Pivot Points
- Accumulated Volume - Support and Resistance
- Volume - The Indicator You Really Need to Know
- We Give Back!
- Better Buy: Amazon vs. Facebook
- Better Buy: Apple vs. Microsoft
- Relative Strength Index (RSI)
- How to Lose Money When Trading: Part 2
- How to Lose Money When Trading: A Trader is Born
- Our 2017 Christmas Donation
- The Golden Star
- Announcing Partnership With CityFALCON
- Why correct moving average matters
- NASDAQ down -4.17%. Our portfolio is up +8.56%
- New Feature Added: Golden Star Signal
- Pick a Winner With StockInvest.us