Tue 21'st Nov 2017
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 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.
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.
Relative Strength Index (RSI)
RSI14 is 53 and the stock is currently not being overbought or oversold
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.
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.)
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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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