Sell Candidate
Fri 21'st Apr 2017

VOLUME
Sell
TREND
Sell
MV LONG
Buy
MV SHORT
Sell
PIVOT
Sell
MACD
Sell
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Fibria Celulose SA Stock Analysis

Technical stock analysis for Fri 21'st Apr 2017

Sell candidate since 2017-04-21

Fibria Celulose SA fell by -0.22% in the last day, from USD 8.95 to USD 8.93 The price has fallen in 7 of the last 10 days and is down by -2.72% 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 -571 243 shares and in total, 670 071 shares bought and sold for approximately USD 5.98 million.

Trend

Fibria Celulose SA lies in the middle of a wide and weak falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.7% during the next 3 months and, with 90% probability hold a price between USD 7.67 and USD 9.03 at the end of this period.

Signals

Fibria Celulose SA holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately USD 8.97. On a fall, the stock will find some support from the long-term average at approximately USD 8.89. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. 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 Thursday April 20, 2017, 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.

Relative Strength Index (RSI)

RSI14 is 45 and the stock is currently not being overbought or oversold

Support & Resistance

Fibria Celulose SA finds support from accumulated volume at USD 8.77, USD 8.73, and USD 8.67. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 9.37, USD 9.05 and USD 9.22.

The stock is about to test the resistance from accumulated volume at USD 9.37 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

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 USD 0.11 (1.24%) between high and low. For the last week, the stock has had a daily average volatility of 3.02%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Evaluation

Fibria Celulose SA holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.

Sell Candidate

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