FBR - Fibria Celulose SA Tue 24'th Jan 2017
Stock analysis for Tue 24'th Jan 2017 (Updated daily)
Buy candidate since 2017-01-23
Fibria Celulose SA Stock Analysis
Fibria Celulose SA gained 1.00% in the last trading day, rising from USD 9.97 to USD 10.07. The price has been going up and down for this period, and there has been a 4.57% gain for the last 2 weeks. Volume also increased in the last day along with the price, which is a positive technical sign, and, in total, 0.19 million more shares were traded than the day before. In total, 1.56 million shares bought and sold for approximately USD 15.70 million.
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 26.9% during the next 3 months and, with 90% probability hold a price between USD 12.33 and USD 14.15 at the end of this period.
Only positive signals in the chart today. 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 USD 9.91 and USD 9.61. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday January 23, 2017, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 58 and the stock is currently not being overbought or oversold
Support & Resistance
Fibria Celulose SA finds support from accumulated volume at USD 9.72, USD 8.93, and USD 7.86. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 10.19.
The stock is about to test the resistance at USD 10.19. If this level is broken the stock may move faster and we often see a peak at the end of such a break, posing a good sales opportunity as in 90% of the cases you will get a reaction back to the level broken before new gains. A break should be followed by increasing volume else the break may be false and despite a break of the actual resistance level the stock falls back fairly soon.
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 0.23 (2.30%) between high and low. For the last week, the stock has had a daily average volatility of 2.29%.
Our recommended stoploss: USD 9.50 (-5.66%) ( criteria: risk and closeness to support from trendline.)
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.