Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SBS
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Companhia de saneamento Basico Do Estado stock downgraded to Hold/Accumulate
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 22, 2024 Gain 5.19% PDF

The Companhia de saneamento Basico Do Estado stock price gained 0.96% on the last trading day (Thursday, 28th Mar 2024), rising from $16.67 to $16.83. It has now gained 5 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. During the last trading day the stock fluctuated 1.93% from a day low at $16.82 to a day high of $17.14. The price has risen in 7 of the last 10 days and is up by 10% 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, 175 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $19.46 million.

The stock lies in the upper part of a wide and weak rising 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 $16.92 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.54% during the next 3 months and, with a 90% probability hold a price between $16.03 and $17.86 at the end of this 3-month period.

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SBS Signals & Forecast

The Companhia de saneamento Basico Do Estado 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 $16.22 and $15.94. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 11.68%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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

On the downside, the stock finds support just below today's level from accumulated volume at $15.67 and $15.45. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Companhia de saneamento Basico Do Estado finds support just below today's level at $15.67. If this is broken, then the next support from accumulated volume will be at $15.45 and $15.42.

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 $0.325 between high and low, or 1.93%. For the last week, the stock has had daily average volatility of 2.44%.

Our recommended stop-loss: $16.20 (-3.72%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)

Trading Expectations (SBS) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp to open at $16.93, and during the day (based on 14 day Average True Range), to move between $16.49 and $17.17, which gives a possible trading interval of +/-$0.341 (+/-2.02%) 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 4.05% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $15.67, some $1.16 (6.89%) from the current price of $16.83, our system finds the risk reward attractive.

Is Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp stock A Buy?

Companhia de saneamento Basico Do Estado 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$16.93 ( 0.584%) $16.83

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 17.25 2.52 %
R2 17.13 1.78 %
R1 17.05 1.32 %
Current price: 16.83
Support S1 16.80 -0.153 %
S2 16.73 -0.609 %
S3 16.60 -1.35 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 16.83
Support S1 15.67 -6.89%
S2 15.45 -8.20%
S3 15.42 -8.38%

SBS Dividend Payout History


# Declaration Date 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

What is the symbol for Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Stock and on which exchange is it traded?
The symbol for Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp is SBS and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Stock?
Companhia de saneamento Basico Do Estado 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Stock?
Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Stock.

What's the current price of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Stock?
As of the end of day on the 2024-03-28, the price of an Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (SBS) share was $16.83.

What is the 52-week high and low for Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Stock?
The 52-week high for Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Stock is $17.14 and the 52-week low is $8.75.

What is the market capitalization of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Stock?
As of the 2024-03-28, the market capitalization of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp is 11.503B.

When is the next earnings date for Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp?
The upcoming earnings date for Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp is Mar 29, 2024.
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About Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Companhia de Saneamento Básico do Estado de São Paulo – SABESP provides water and sewage services to residential, commercial, industrial, and governmental customers. It provides water supply, sanitary sewage, urban rainwater management and drainage, urban cleaning, and solid waste management services, as well as related activities, including the planning, operation, maintenance, and commercialization of energy. As of December 31, 2021, the com... SBS Profile

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