Grupo Supervielle SA ADR (Sponsored) Stock Forecast
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:
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
Volatile ride for Grupo Supervielle SA ADR (Sponsored) stock price on Monday moving between $5.48 and $6.20
(Updated on Apr 22, 2024)
The Grupo Supervielle SA ADR (Sponsored) stock price gained 12.73% on the last trading day (Monday, 22nd Apr 2024), rising from $5.50 to $6.20. During the last trading day the stock fluctuated 13.14% from a day low at $5.48 to a day high of $6.20. The price has fallen in 6 of the last 10 days but is still up by 1.47% 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, 1 million more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $14.23 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 45.25% during the next 3 months and, with a 90% probability hold a price between $7.78 and $9.60 at the end of this 3-month period.
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SUPV Signals & Forecast
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 $5.56 and $5.43. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 16.98%. Further rise is indicated 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
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 $0.720 between high and low, or 13.14%. For the last week, the stock has had daily average volatility of 7.33%.
Our recommended stop-loss: $5.97 (-3.74%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (SUPV) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Grupo Supervielle SA ADR (Sponsored) Repstg Cl B to open at $5.96, and during the day (based on 14 day Average True Range), to move between $5.82 and $6.58, which gives a possible trading interval of +/-$0.383 (+/-6.17%) 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 12.35% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $5.90, some $0.300 (4.84%) from the current price of $6.20, our system finds the risk reward attractive.
Is Grupo Supervielle SA ADR (Sponsored) Repstg Cl B stock A Buy?
Grupo Supervielle SA ADR (Sponsored) holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.674 Strong Buy Candidate Upgraded
Predicted Opening Price for Grupo Supervielle SA ADR (Sponsored) Repstg Cl B of Tuesday, April 23, 2024
Fair opening price April 23, 2024 | Current price |
---|---|
$5.96 ( 3.87%) | $6.20 |
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 | 6.68 | 7.74 % | |
R2 | 6.40 | 3.31 % | ||
R1 | 6.24 | 0.565 % | ||
Current price: | 6.20 | |||
Support | S1 | 5.68 | -8.31 % | |
S2 | 5.51 | -11.05 % | ||
S3 | 5.24 | -15.49 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 6.20 | |||
Support | S1 | 5.90 | -4.84% | |
S2 | 5.83 | -5.97% | ||
S3 | 5.20 | -16.13% |
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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