SUZ Price Prediction Next Week
Technical Analysis: Based on the latest data, SUZ is showing mixed technical signals:
- RSI-14 at 49.65 indicates neutral momentum
- MACD (-0.02) with negative histogram suggests short-term bearish pressure
- Price is trading between SMA-5 ($10.22) and SMA-200 ($10.01), indicating consolidation
Price Levels:
- Fibonacci resistance levels: R1: $10.74, R2: $10.96, R3: $11.31
- Fibonacci support levels: S1: $10.03, S2: $9.81, S3: $9.45
- Current pivot point: $10.38
Recent Developments:
- Q4 2024 earnings released on February 13 showed record sales and strong operational performance
- EBITDA reached 23.8 billion reais with leverage ratio of 2.9x in dollar terms
- Company faces challenges with low pulp inventories and declining demand in Europe
- Net debt increased to $12.8 billion by end of 2024
Next Week Price Prediction: Based on technical indicators and recent fundamentals:
- Bullish scenario (40% probability): Price could test R1 at $10.74 if pulp demand remains stable
- Bearish scenario (30% probability): Price might test S1 at $10.03 if European demand continues to weaken
- Base scenario (30% probability): Consolidation between $10.22-$10.49
Target Price: $10.74 (Next week's high)
Recommendation: BUY with entry at current price ($10.37)
- Set stop loss at $10.03 (S1 level)
- Take profit at $10.74 (R1 level)
- Risk/Reward ratio: 1:1.2
Rationale:
- Strong Q4 performance and record sales
- Technical indicators showing potential reversal from oversold conditions
- Price finding support at SMA-200
- Positive analyst coverage with increasing cash flows
SUZ Similar Chart Price Prediction
The price of SUZ is predicted to go up 23.08%, based on the high correlation periods with ITCI. The similarity of these two price pattern on the periods is 95.77%.
SUZ
ITCI
Up: 23.08%Similarity: 95.77%
