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 SID
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National Steel Company stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The National Steel Company stock price fell by -0.318% on the last day (Thursday, 28th Mar 2024) from $3.14 to $3.13. During the last trading day the stock fluctuated 1.95% from a day low at $3.07 to a day high of $3.13. The price has fallen in 6 of the last 10 days but is still up by 0.97% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -646 thousand shares and in total, 3 million shares were bought and sold for approximately $8.53 million.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -16.27% during the next 3 months and, with a 90% probability hold a price between $2.45 and $2.91 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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SID Signals & Forecast

There are mixed signals in the stock today. The National Steel Company 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 $3.16 and $3.34. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 3.30%. 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).

Support, Risk & Stop-loss for National Steel Company stock

National Steel Company finds support from accumulated volume at $3.10 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 $0.0600 between high and low, or 1.95%. For the last week, the stock has had daily average volatility of 2.10%.

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

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

For the upcoming trading day on Monday, 1st we expect National Steel Company to open at $3.11, and during the day (based on 14 day Average True Range), to move between $3.03 and $3.23, which gives a possible trading interval of +/-$0.0960 (+/-3.07%) up or down from last closing price. If National Steel Company takes out the full calculated possible swing range there will be an estimated 6.13% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $3.14 (0.32%) than the support at $3.10 (0.96%), 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 National Steel Company stock A Buy?

National Steel Company holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.980 Sell Candidate Downgraded

Predicted Opening Price for National Steel Company of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$3.11 ( 0.639%) $3.13

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for SID

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 3.17 1.28 %
R2 3.15 0.546 %
R1 3.13 0.0933 %
Current price: 3.13
Support S1 3.09 -1.37 %
S2 3.07 -1.82 %
S3 3.05 -2.56 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 3.63 15.97 %
R2 3.45 10.22 %
R1 3.14 0.319 %
Current price 3.13
Support S1 3.10 -0.96%
S2 3.08 -1.60%
S3 3.03 -3.19%

SID Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Nov 14, 2023 Nov 22, 2023 Nov 22, 2023 $0.153 4.72%
2 May 02, 2023 May 10, 2023 May 24, 2023 $0.244 9.46%
3 May 10, 2023 Jan 05, 2023 Dec 09, 2022 $0.100 3.52%
4 Nov 22, 2022 Dec 01, 2022 May 10, 2023 $0.225 8.46%
5 May 02, 2022 May 11, 2022 May 12, 2022 $0.136 4.12%

FAQ

What is the symbol for National Steel Company Stock and on which exchange is it traded?
The symbol for National Steel Company is SID and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell National Steel Company Stock?
National Steel Company holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy National Steel Company Stock?
National Steel Company Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy National Steel Company Stock.

What's the current price of National Steel Company Stock?
As of the end of day on the 2024-03-28, the price of an National Steel Company (SID) share was $3.13.

What is the 52-week high and low for National Steel Company Stock?
The 52-week high for National Steel Company Stock is $4.03 and the 52-week low is $2.11.

What is the market capitalization of National Steel Company Stock?
As of the 2024-03-28, the market capitalization of National Steel Company is 4.151B.

When is the next earnings date for National Steel Company?
The upcoming earnings date for National Steel Company is May 01, 2024.
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About National Steel Company

National Steel Company Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. It operates in five segments: Steel, Mining, Logistics, Energy, and Cement. The company offers flat steel products, such as high, medium, low carbon, micro-alloyed, ultra-low-carbon, and interstitial free slabs; hot-rolled products, including heavy and light-gauge hot-rolled coils and sheets; cold-rolled products comprising cold-rolled coils and ... SID Profile

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