Brasilagro Cia Brasileira De Stock Forecast
Brasilagro Cia Brasileira De stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Apr 19, 2024)
The Brasilagro Cia Brasileira De stock price gained 4.38% on the last trading day (Friday, 19th Apr 2024), rising from $4.80 to $5.01. During the last trading day the stock fluctuated 4.38% from a day low at $4.80 to a day high of $5.01. The price has risen in 5 of the last 10 days and is up by 2.77% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 34 thousand more shares were traded than the day before. In total, 54 thousand shares were bought and sold for approximately $270.15 thousand.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $5.08 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -2.58% during the next 3 months and, with a 90% probability hold a price between $4.53 and $4.95 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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LND Signals & Forecast
The Brasilagro Cia Brasileira De stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $4.84 and $4.84. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 5.70%. Further rise is indicated until a new top pivot has been found. Brasilagro Cia Brasileira De has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Brasilagro Cia Brasileira De stock
Brasilagro Cia Brasileira De finds support from accumulated volume at $4.96 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.210 (4.38%) between high and low. For the last week, the stock has had daily average volatility of 2.56%.
Our recommended stop-loss: $4.81 (-3.98%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (LND) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Brasilagro Cia Brasileira De Propriedades Agricolas to open at $4.94, and during the day (based on 14 day Average True Range), to move between $4.89 and $5.13, which gives a possible trading interval of +/-$0.117 (+/-2.33%) up or down from last closing price. If Brasilagro Cia Brasileira De Propriedades Agricolas takes out the full calculated possible swing range there will be an estimated 4.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.02 (0.20%) than the support at $4.96 (1.00%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Brasilagro Cia Brasileira De Propriedades Agricolas stock A Buy?
Brasilagro Cia Brasileira De holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.767 Hold/Accumulate Upgraded
Predicted Opening Price for Brasilagro Cia Brasileira De Propriedades Agricolas of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $4.94 ( 1.40%) | $5.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LND
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.15 | 2.79 % | |
| R2 | 5.07 | 1.19 % | ||
| R1 | 5.02 | 0.204 % | ||
| Current price: | 5.01 | |||
| Support | S1 | 4.86 | -3.00 % | |
| S2 | 4.81 | -3.99 % | ||
| S3 | 4.73 | -5.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.10 | 1.80 % | |
| R2 | 5.04 | 0.599 % | ||
| R1 | 5.02 | 0.200 % | ||
| Current price | 5.01 | |||
| Support | S1 | 4.96 | -1.00% | |
| S2 | 4.95 | -1.20% | ||
| S3 | 4.81 | -3.99% |
LND Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 12, 2023 | Oct 25, 2023 | Nov 18, 2023 | $0.641 | 13.02% |
| 2 | Oct 05, 2022 | Oct 28, 2022 | Nov 28, 2022 | $0.622 | 12.37% |
| 3 | Apr 07, 2022 | Apr 14, 2022 | May 09, 2022 | $0.424 | 6.58% |
| 4 | Sep 30, 2021 | Oct 28, 2021 | Nov 22, 2021 | $0.487 | 10.94% |
| 5 | Sep 28, 2020 | Oct 19, 2020 | Nov 23, 2020 | $0.127 | 2.63% |
FAQ
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