Weaker Buy Today SBS ranks #1469 as BUY CANDIDATE. Stronger Buy
Today SBS ranks #1469 as BUY CANDIDATE.

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

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

February 15, 2019
Change 0.28%
Chart period: 2018-11-16 - 2019-02-15
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

Will SBS stock price go up or down on Tue, 19 Feb 2019?

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Forecast and Stock Analysis

Technical SBS stock analysis for February 15, 2019.

Buy candidate since 2019-02-14 Gain 0.28%
Shorts 1.27% ( 2019-01-31 )
Cash n/a
Loans n/a
Beta 0.94
ROA 4.28

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp gained 0.28% in the last trading day, rising from $10.63 to $10.66 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has fallen in 6 of the last 10 days and is down by -11.46% for this period. Volume fell in the last day by -2.61 million shares, and in total, 2.15 million shares bought and sold for approximately $22.88 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Close price at the end of the last trading day (Friday, 15th Feb 2019) of the SBS stock was $10.66. This is 0.28% more than the trading day before Thursday, 14th Feb 2019.

During day the stock fluctuated 2.38% from a day low at $10.51 to a day high of $10.76.

30 day high of the SBS stock price was $12.25 and low was $9.77.
90 day high was $12.25 and low was $6.96.
52 week high for the Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp - $12.25 and low - $5.58.

Trend

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp lies in the lower part of a very 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 $10.31 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 68.03% during the next 3 months and, with 90% probability hold a price between $17.32 and $21.92 at the end of this period.

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Signals

Only positive signals in the chart today. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $10.52 and $10.56. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday February 13, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.

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Relative Strength Index (RSI)

RSI14 is 40 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp finds support from accumulated volume at $10.24.

Support: $10.24 Price: $10.66 Resistance: $11.10

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.25 between high and low, or 2.38%. For the last week, the stock has had a daily average volatility of 5.90%.

Our recommended stoploss: $10.19 (-4.42%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Buy Candidate

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.

Weaker Buy Today SBS ranks #1469 as BUY CANDIDATE. Stronger Buy
Today SBS ranks #1469 as BUY CANDIDATE.