SBS Forecast and Technical Stock Analysis
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.
- 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.
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.
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.
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.
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
Very Low Low Medium High Very High
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.
|SBS $12.93 ($0.10 0.78%)|
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
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