Previous Hold Today ERJ ranks #1908 as HOLD CANDIDATE. Next Hold
Today ERJ ranks #1908 as HOLD CANDIDATE.

ERJ stock Embraer-Empresa Brasileira de Aeronautica

ERJ stock
Embraer-Empresa Brasileira de Aeronautica

22 January 2019
Change -2.71%
Chart period: 2018-10-23 - 2019-01-22
VOLUME
Sell
TREND
Buy

MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Sell
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Embraer-Empresa Brasileira de Aeronautica Stock Analysis

Technical stock analysis for 22 January 2019

Hold candidate since 2019-01-22
Shorts 2.55% ( 2018-12-31 )
Cash n/a
Loans n/a
Beta -0.17
ROA -1.14

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.

Trend

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.

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Signals

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.

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Relative Strength Index (RSI)

RSI14 is 37 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 $20.32.

Support: $20.32 Price: $20.45 Resistance: $21.34

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 $0.78 (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.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

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.

Previous Hold Today ERJ ranks #1908 as HOLD CANDIDATE. Next Hold
Today ERJ ranks #1908 as HOLD CANDIDATE.