FBR - Fibria Celulose SA

Industry: Paper & Paper Products Sector: Consumer Goods | Exchange: NYSE

Buy Candidate
Thu 21'st Sep 2017

PERIOD 2017-06-22 - 2017-09-21
CHANGE -1.50%
PRICE $13.12
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

BOLLINGER
Sell
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Fibria Celulose SA Stock Analysis

Technical stock analysis for Thu 21'st Sep 2017

Buy candidate since 2017-09-18 Loss -0.23%

Fibria Celulose SA fell by -1.50% in the last day from $13.32 to $13.12 The price has fallen in 6 of the last 10 days and is down by -6.35% 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 -527 375 shares and in total 616 420 shares bought and sold for approximately $8.09 million.

Trend

Fibria Celulose SA lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $12.96 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 41.22% during the next 3 months and, with 90% probability hold a price between $18.30 and $20.75 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 $13.18. On a fall, the stock will find some support from the long-term average at approximately $12.60. 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 Wednesday September 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.

The stock had a Golden Star Signal* on Friday May 12, 2017 in the mediumterm chart.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A sell signal from a double bottom formation was found on Wednesday September 20, 2017 with a target of $13.15. Despite the objective of the signal formation has been reached the stock may continue to fall.

Relative Strength Index (RSI)

RSI14 is 49 and the stock is currently not being overbought or oversold

Support & Resistance

Fibria Celulose SA finds support from accumulated volume at $13.11. On the upside the stock meets some resistance just above today's level from accumulated volume at $13.15, $13.42 and $13.74.

The stock is about to test the resistance from accumulated volume at $13.15 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $13.11 Price: $13.12 Resistance: $13.15
S: $13.11 Price: $13.12 R: $13.15

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 $0.16 (1.22%) between high and low. For the last week, the stock has had a daily average volatility of 2.22%.

Our recommended stoploss: $12.47 (-4.92%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Overall risk:

           

Evaluation

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 this stock to perform well in the short-term.

Buy Candidate

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