Grupo Supervielle SA ADR (Sponsored) Stock Forecast
Weaker technical forecast for Grupo Supervielle SA ADR (Sponsored) as stock downgraded to Buy Candidate.
(Updated on Apr 23, 2024)
The Grupo Supervielle SA ADR (Sponsored) stock price fell by -1.94% on the last day (Tuesday, 23rd Apr 2024) from $6.20 to $6.08. During the last trading day the stock fluctuated 6.23% from a day low at $6.02 to a day high of $6.39. The price has fallen in 6 of the last 10 days but is still up by 0.83% over the past 2 weeks. Volume has increased on the last day by 576 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 million shares were bought and sold for approximately $17.46 million.
The stock lies in the upper part of a wide and strong 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 $6.23 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 50.52% during the next 3 months and, with a 90% probability hold a price between $8.07 and $9.38 at the end of this 3-month period.
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SUPV Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, April 22, 2024, and so far it has fallen -1.94%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The Grupo Supervielle SA ADR (Sponsored) 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 $5.59 and $5.47. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Grupo Supervielle SA ADR (Sponsored) stock
Grupo Supervielle SA ADR (Sponsored) finds support from accumulated volume at $5.90 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 $0.375 between high and low, or 6.23%. For the last week, the stock has had daily average volatility of 7.20%.
Our recommended stop-loss: $5.86 (-3.62%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (SUPV) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Grupo Supervielle SA ADR (Sponsored) Repstg Cl B to open at $6.16, and during the day (based on 14 day Average True Range), to move between $5.70 and $6.46, which gives a possible trading interval of +/-$0.382 (+/-6.29%) up or down from last closing price. If Grupo Supervielle SA ADR (Sponsored) Repstg Cl B takes out the full calculated possible swing range there will be an estimated 12.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $6.11 (0.49%) than the support at $5.90 (2.96%), 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 Grupo Supervielle SA ADR (Sponsored) Repstg Cl B stock A Buy?
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 Grupo Supervielle SA ADR (Sponsored) stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 1.099 Buy Candidate Downgraded
Predicted Opening Price for Grupo Supervielle SA ADR (Sponsored) Repstg Cl B of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $6.16 ( 1.34%) | $6.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SUPV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.54 | 7.51 % | |
| R2 | 6.39 | 5.15 % | ||
| R1 | 6.30 | 3.70 % | ||
| Current price: | 6.08 | |||
| Support | S1 | 6.02 | -1.01 % | |
| S2 | 5.93 | -2.47 % | ||
| S3 | 5.79 | -4.82 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 6.20 | 1.97 % | ||
| R1 | 6.11 | 0.493 % | ||
| Current price | 6.08 | |||
| Support | S1 | 5.90 | -2.96% | |
| S2 | 5.20 | -14.47% | ||
| S3 | 4.57 | -24.84% |
SUPV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 10, 2022 | May 13, 2022 | May 24, 2022 | $0.0150 | 0.80% |
| 2 | May 05, 2021 | May 12, 2021 | May 24, 2022 | $0.0270 | 1.44% |
| 3 | May 20, 2020 | May 27, 2020 | Jun 05, 2020 | $0.0380 | 1.46% |
| 4 | May 06, 2019 | May 13, 2019 | May 22, 2019 | $0.0750 | 1.28% |
| 5 | May 14, 2018 | May 18, 2018 | May 30, 2018 | $0.115 | 0.689% |
FAQ
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