Embraer-Empresa Brasileira de Aeronautica Stock Analysis
Technical stock analysis for 22 January 2019
|Shorts||2.55% ( 2018-12-31 )|
Embraer-Empresa Brasileira de Aeronautica fell by -2.71% in the last day from $21.02 to $20.45 and has now fallen 6 days in a row. The price has fallen in 6 of the last 10 days and is down by -10.39% for this period. 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 -0.09 million shares and in total 1.34 million shares bought and sold for approximately $27.48 million.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the ERJ stock was $20.45. This is 2.71% less than the trading day before Friday, 18th Jan 2019.
During day the stock fluctuated 3.84% from a day low at $20.33 to a day high of $21.11.
30 day high of the ERJ stock price was $23.68 and low was $20.33.
90 day high was $23.68 and low was $19.14.
52 week high for the Embraer-Empresa Brasileira de Aeronautica - $28.55 and low - $17.99.
Embraer-Empresa Brasileira de Aeronautica lies in the lower part of a wide and weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $19.99 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.76% during the next 3 months and, with 90% probability hold a price between $20.75 and $24.90 at the end of this period.
There are few to none technical positive signals at the moment. Embraer-Empresa Brasileira de Aeronautica holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $22.31 and $22.05. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Monday January 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.
Relative Strength Index (RSI)
RSI14 is 37 and the stock is currently not being overbought or oversold
Support & Resistance
Embraer-Empresa Brasileira de Aeronautica finds support from accumulated volume at $20.32.
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 $0.78 (3.84%) between high and low. For the last week, the stock has had a daily average volatility of 3.08%.
Our recommended stoploss: $19.09 (-6.65%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 5 days ago.)
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Embraer-Empresa Brasileira de Aeronautica holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
|ERJ $20.45 $-0.57(-2.71%)|
ERJ is down $0.57 today, but where's it headed in 2019?
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