Fri 23'rd Feb 2018
Fibria Celulose SA Stock Analysis
Technical stock analysis for Fri 23'rd Feb 2018
|Shorts||1.80% ( 2018-01-31 )|
|Cash||7 919.4 mill|
|Loans||23 400.6 mill|
Fibria Celulose SA 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 27.56% during the next 3 months and, with 90% probability hold a price between $21.86 and $24.82 at the end of this period.
Fibria Celulose SA 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 $18.11 and $16.69. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Tuesday February 20, 2018, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSI14 is 62 and the stock is currently not being overbought or oversold
Support & Resistance
Fibria Celulose SA finds support from accumulated volume at $17.84. On the upside the stock meets some resistance just above today's level from accumulated volume at $18.73, $18.77 and $19.25.
The stock is about to test the resistance from accumulated volume at $18.73 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.41 between high and low, or 2.22%. For the last week, the stock has had a daily average volatility of 4.01%.
Our recommended stoploss: $17.71 (-5.30%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 3 days ago.)
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