Exchanges: NASDAQ | NYSE | XLON | AMS | ADS | TSE | BRU
Previous Hold Today EBR ranks #2227 as HOLD CANDIDATE #2227 Next Hold

Centrais Elétricas Brasileiras S.A. - Eletrobras stock forecast

EBR stock forecast

Wednesday June 19, 2019 Change 2.24% Price $9.13
Chart period: 2019-03-20 - 2019-06-19
VOLUME
Sell
TREND
Sell
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

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

Predict

Centrais Elétricas Brasileiras S.A. - Eletrobras Forecast and Stock Analysis

Technical EBR stock analysis for Wednesday June 19, 2019.

Hold candidate since 2019-06-17 Gain 3.40%


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.

Quick summary:

  • 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.

Trend

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.

Click here for today's Top 5 Trending Companies

Signals

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.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 62 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 $8.49 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.

Support: $8.49 Price: $9.13 Resistance: $9.28

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 $0.33 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

Overall risk:

Very Low Low Medium High Very High

Evaluation:

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.

Hold/Accumulate Upgraded
Previous Hold Today EBR ranks #2227 as HOLD CANDIDATE #2227 Next Hold

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

Predict

Proudly made at

Rise Vilnius
in partnership with
Barclays Bank