ERJ Forecast and Technical Stock Analysis
Sell candidate since 2019-08-14
Embraer-Empresa Brasileira de Aeronautica gained 0.06% in the last trading day ( Friday, 16th Aug 2019 ), rising from $18.08 to $18.09 During the day the stock fluctuated 1.44% from a day low at $18.00 to a day high of $18.26. The price has fallen in 6 of the last 10 days and is down by -9.19% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.35 million more shares were traded than the day before. In total, 1.11 million shares bought and sold for approximately $20.05 million.
- 30 day high of the ERJ stock price was $20.92 and low was $17.72.
- 90 day high was $20.92 and low was $17.46.
- 52 week high for Embraer-Empresa Brasileira de Aeronautica - $23.68 and low - $16.81.
Embraer-Empresa Brasileira de Aeronautica has broken the wide and weak rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $18.10. A reaction back to this level may hold a second chance to get out before further falls.
A buy signal was issued from a pivot bottom point on Thursday August 15, 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Embraer-Empresa Brasileira de Aeronautica holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $19.03 and $20.06. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
The stock currently holds a RSI14 at 21 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Embraer-Empresa Brasileira de Aeronautica finds support from accumulated volume at $18.08.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.26 (1.44%) between high and low. For the last week, the stock has had daily average volatility of 3.44%.
Embraer-Empresa Brasileira de Aeronautica is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
3.44 %Average volatility
Very Low Low Medium High Very High
The Embraer-Empresa Brasileira de Aeronautica stock holds several negative signals and despite the positive trend we believe Embraer-Empresa Brasileira de Aeronautica will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Sell Candidate.
|ERJ $18.09 ($0.01 0.06%)|
ERJ is up $0.01 today, but where's it headed in 2019?
|Zacks Investment Research is releasing its prediction for ERJ 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 ERJ analysis is free »
Golden Star Signal
This unique 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 substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!