Stronger Sell Today SBS ranks #3164 as SELL CANDIDATE #3164 Weaker Sell

SBS stock forecast Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp

SBS stock forecast

VOLUME
Buy
TREND
Buy
MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

SBS Forecast and Technical Stock Analysis

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Sell candidate since 2019-08-15 Loss -1.67%

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp gained 0.78% in the last trading day ( Tuesday, 20th Aug 2019 ), rising from $12.83 to $12.93 During the day the stock fluctuated 3.17% from a day low at $12.62 to a day high of $13.02. The price has fallen in 6 of the last 10 days and is down by -5.9% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 28 380 more shares were traded than the day before. In total, 993 044 shares bought and sold for approximately $12.84 million.

Quick summary:

  • 30 day high of the SBS stock price was $14.60 and low was $12.62.
  • 90 day high was $14.60 and low was $10.00.
  • 52 week high for Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp - $14.60 and low - $5.58.
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Trend

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $12.88 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 27.7% during the next 3 months and, with 90% probability hold a price between $16.45 and $19.89 at the end of this period.

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Signals

A buy signal was issued from a pivot bottom point on Monday August 19, 2019, 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $13.52 and $13.61. A break-up above any of these levels will issue buy signals.

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Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 38 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

Support & Resistance

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp finds support from accumulated volume at $12.55.

Support: $12.55 Price: $12.93 Resistance: $13.62

Risk

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 $0.40 (3.17%) between high and low. For the last week, the stock has had daily average volatility of 3.75%.

Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.

3.75 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Upgraded

Evaluation

The Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp stock holds several negative signals and despite the positive trend we believe Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Stronger Sell Today SBS ranks #3164 as SELL CANDIDATE #3164 Weaker Sell

Will SBS stock price go up or down on Wed, 21 Aug 2019?

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