Stock Price Prediction

SID stock is currently trading at $1.58, with a recent RSI of 57.22, indicating a neutral momentum. The bull's view is supported by its Q3 financial performance, showing a 12.7% QoQ growth in steel production and a 10.5% YoY increase in sales, reflecting operational recovery. If the stock breaks above the $1.60 resistance level, it could target $1.67 in the short term.

SID stock is bearish due to weak cash flow and high leverage, despite Q3 revenue of R$11.07B and 12.7% steel production growth. The stock faces pressure from declining iron ore production (-1.3% YoY) and negative adjusted cash flow of R$986M. Current price trends suggest further downside risk.

The market consensus for SID's revenue in the upcoming quarter is projected to be approximately $10.964B BRL.