FBR - Fibria Celulose SA

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

Tue 21'st Nov 2017

PERIOD 2017-08-22 - 2017-11-21
CHANGE 1.55%
PRICE $16.34
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

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Fibria Celulose SA Stock Analysis

Technical stock analysis for Tue 21'st Nov 2017

Buy candidate since 2017-11-20 Gain 1.55%

Fibria Celulose SA gained 1.55% in the last trading day, rising from $16.09 to $16.34 , and has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. The price has risen in 7 of the last 10 days and is up by 7.78% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 285 049 more shares were traded than the day before. In total, 792 616 shares bought and sold for approximately $12.95 million.

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Trend

Fibria Celulose SA lies in the middle of a very 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 26.85% during the next 3 months and, with 90% probability hold a price between $18.62 and $23.48 at the end of this period.

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Signals

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 $15.78 and $15.77. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday November 14, 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.

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Relative Strength Index (RSI)

RSI14 is 53 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Fibria Celulose SA finds support from accumulated volume at $16.19. On the upside the stock meets some resistance just above today's level from accumulated volume at $16.40, $16.43 and $16.46.

The stock is about to test the resistance from accumulated volume at $16.40 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $16.19 Price: $16.34 Resistance: $16.40

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 $0.23 (1.42%) between high and low. For the last week, the stock has had a daily average volatility of 1.93%.

Since the Fibria Celulose SA has been rising for 6 days in a row, the risk for the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stoploss: $15.65 (-4.24%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 5 days ago.)

Overall risk:

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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. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

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