BE0003470755 - Common Stock
Taking everything into account, SOLB scores 6 out of 10 in our technical rating. SOLB has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
SOLB has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 98.34. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 94.69, a Stop Loss order could be placed below this zone.
Given the decent technical rating and the setup score, we can suggest the following trade.
|An entry @97.31. This is a Buy Stop order right above the 10 day high.||An exit @92.51. This is a Stop Loss order right below the 10 day low.||The trade has a worst case loss of 4.80 points, which is 4.93%.||When investing 20.27% of your capital in this trade, your total portfolio risk will be 1.00%.|
EBR:SOLB (12/9/2022, 7:00:00 PM)+1.62 (+1.74%)
|2 Weeks||-2.99%||1 Month||-4.8%|
|3 Month||14.68%||6 Month||6.52%|
|ATR Inc||-10.75%||Range Today||1.86|
|ST Trend||LT Trend|
|10 Day High||97.3||10 Day Low||92.52|
|20 Day High||101.5||20 Day Low||92.52|
|52 Week High||111.65||52 Week Low||74.04|
|CS1 End||94.69||CR1 Start||98.34|
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