Embraer-Empresa Brasileira de Stock Forecast
Embraer-Empresa Brasileira de stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Apr 26, 2024)
The Embraer-Empresa Brasileira de stock price gained 3.96% on the last trading day (Friday, 26th Apr 2024), rising from $25.00 to $25.99. It has now gained 5 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 the last trading day the stock fluctuated 2.67% from a day low at $25.48 to a day high of $26.16. The price has risen in 7 of the last 10 days and is up by 4.59% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 294 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $42.41 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 47.62% during the next 3 months and, with a 90% probability hold a price between $36.30 and $45.34 at the end of this 3-month period.
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ERJ Signals & Forecast
The Embraer-Empresa Brasileira de stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $24.56 and $24.76. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -3.88%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Embraer-Empresa Brasileira de stock
Embraer-Empresa Brasileira de finds support from accumulated volume at $25.07 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.680 between high and low, or 2.67%. For the last week, the stock has had daily average volatility of 2.75%.
Our recommended stop-loss: $24.90 (-4.19%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (ERJ) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Embraer-Empresa Brasileira de Aeronautica to open at $25.88, and during the day (based on 14 day Average True Range), to move between $25.19 and $26.79, which gives a possible trading interval of +/-$0.80 (+/-3.09%) up or down from last closing price. If Embraer-Empresa Brasileira de Aeronautica takes out the full calculated possible swing range there will be an estimated 6.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $26.64 (2.50%) than the support at $25.07 (3.54%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Embraer-Empresa Brasileira de Aeronautica will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.110. We will update the financials statements for Embraer-Empresa Brasileira de Aeronautica, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.41% in the first trading day after earnings release.
Is Embraer-Empresa Brasileira de Aeronautica stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Embraer-Empresa Brasileira de stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.297 Buy Candidate Upgraded
Predicted Opening Price for Embraer-Empresa Brasileira de Aeronautica of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $25.88 ( 0.436%) | $25.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ERJ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.56 | 2.18 % | |
| R2 | 26.30 | 1.18 % | ||
| R1 | 26.14 | 0.563 % | ||
| Current price: | 25.99 | |||
| Support | S1 | 25.62 | -1.44 % | |
| S2 | 25.46 | -2.05 % | ||
| S3 | 25.20 | -3.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.04 | 4.04 % | |
| R2 | 26.73 | 2.85 % | ||
| R1 | 26.64 | 2.50 % | ||
| Current price | 25.99 | |||
| Support | S1 | 25.07 | -3.54% | |
| S2 | 23.48 | -9.66% | ||
| S3 | 21.73 | -16.39% |
ERJ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 17, 2018 | Dec 28, 2018 | Jan 18, 2019 | $0.0100 | 0.0476% |
| 2 | Sep 17, 2018 | Sep 26, 2018 | Oct 18, 2018 | $0.0100 | 0.0494% |
| 3 | Jun 18, 2018 | Jun 27, 2018 | Jul 20, 2018 | $0.0210 | 0.0964% |
| 4 | Apr 16, 2018 | Apr 25, 2018 | May 29, 2018 | $0.0840 | 0.355% |
| 5 | Mar 07, 2018 | Mar 19, 2018 | Apr 18, 2018 | $0.0250 | 0.0925% |
FAQ
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