Companhia de saneamento Basico Do Estado Stock Forecast
Companhia de saneamento Basico Do Estado stock price up 1.29% on Thursday
(Updated on Apr 18, 2024)
The Companhia de saneamento Basico Do Estado stock price gained 1.29% on the last trading day (Thursday, 18th Apr 2024), rising from $15.54 to $15.74. During the last trading day the stock fluctuated 2.72% from a day low at $15.45 to a day high of $15.87. The price has fallen in 6 of the last 10 days and is down by -5.12% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 249 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $18.36 million.
The stock lies in the middle of a wide and weak 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 2.43% during the next 3 months and, with a 90% probability hold a price between $15.54 and $17.40 at the end of this 3-month period.
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SBS Signals & Forecast
The Companhia de saneamento Basico Do Estado stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $15.77 and $15.99. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 3.83%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Companhia de saneamento Basico Do Estado stock
Companhia de saneamento Basico Do Estado finds support from accumulated volume at $15.65 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.420 between high and low, or 2.72%. For the last week, the stock has had daily average volatility of 2.05%.
Our recommended stop-loss: $14.97 (-4.90%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (SBS) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp to open at $15.69, and during the day (based on 14 day Average True Range), to move between $15.34 and $16.14, which gives a possible trading interval of +/-$0.397 (+/-2.52%) up or down from last closing price. If Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp takes out the full calculated possible swing range there will be an estimated 5.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $15.80 (0.38%) than the support at $15.65 (0.57%), 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 Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.490 Buy Candidate Unchanged
Predicted Opening Price for Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $15.69 ( 0.339%) | $15.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SBS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.11 | 2.33 % | |
| R2 | 15.95 | 1.31 % | ||
| R1 | 15.85 | 0.680 % | ||
| Current price: | 15.74 | |||
| Support | S1 | 15.53 | -1.36 % | |
| S2 | 15.43 | -1.99 % | ||
| S3 | 15.27 | -3.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.48 | 4.70 % | |
| R2 | 16.05 | 1.97 % | ||
| R1 | 15.80 | 0.381 % | ||
| Current price | 15.74 | |||
| Support | S1 | 15.65 | -0.572% | |
| S2 | 15.45 | -1.84% | ||
| S3 | 15.42 | -2.03% |
SBS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 21, 2023 | May 02, 2023 | Jul 06, 2023 | $0.253 | 2.26% |
| 2 | Apr 06, 2022 | Apr 29, 2022 | Jul 06, 2023 | $0.200 | 1.79% |
| 3 | Apr 08, 2021 | Apr 30, 2021 | Jul 08, 2021 | $0.0710 | 1.05% |
| 4 | Apr 24, 2020 | May 01, 2020 | Jul 06, 2020 | $0.252 | 2.29% |
| 5 | Apr 16, 2019 | Apr 30, 2019 | Jul 08, 2019 | $0.300 | 2.34% |
FAQ
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