Wednesday June 19, 2019 Change -0.62% Price $19.30
Chart period: 2019-03-20 - 2019-06-19
VOLUME
Buy
TREND
Sell
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

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

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Embraer-Empresa Brasileira de Aeronautica Forecast and Stock Analysis

Technical ERJ stock analysis for Wednesday June 19, 2019.

Hold candidate since 2019-06-14 Gain 0.52%


Embraer-Empresa Brasileira de Aeronautica fell by -0.62% in the last day ( Wednesday, 19th Jun 2019 ) from $19.42 to $19.30 During day the stock fluctuated 1.78% from a day low at $19.12 to a day high of $19.46. The price has been going up and down for this period, and there has been a 2.01% gain for the last 2 weeks. Volume has increased in the last day by 267 675 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 592 418 shares bought and sold for approximately $11.43 million.

Quick summary:

  • 30 day high of the ERJ stock price was $19.84 and low was $17.46.
  • 90 day high was $20.49 and low was $16.81.
  • 52 week high for the Embraer-Empresa Brasileira de Aeronautica - $26.59 and low - $16.81.

Trend

Embraer-Empresa Brasileira de Aeronautica lies the upper part of a 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 $19.67 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 -3.04% during the next 3 months and, with 90% probability hold a price between $16.41 and $19.07 at the end of this period.

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Signals

Embraer-Empresa Brasileira de Aeronautica 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 $19.28 and $19.05. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

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Relative Strength Index (RSI)

RSI14 is 52 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Embraer-Empresa Brasileira de Aeronautica finds support from accumulated volume at $19.18.

Support: $19.18 Price: $19.30 Resistance: $19.31

Risk

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 $0.34 (1.78%) between high and low. For the last week, the stock has had a daily average volatility of 2.19%.

Our recommended stoploss: $18.35 (-4.91%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)

2.19 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

Embraer-Empresa Brasileira de Aeronautica 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 Downgraded
Previous Hold Today ERJ ranks #2334 as HOLD CANDIDATE #2334 Next Hold

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

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