SUZANO SA - SPON ADR (SUZ) Stock Technical Analysis
NYSE:SUZ • US86959K1051
We assign a technical rating of 9 out of 10 to SUZ. Both in the recent history as in the last year, SUZ has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- SUZ is one of the better performing stocks in the Paper & Forest Products industry, it outperforms 87% of 9 stocks in the same industry.
- SUZ is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month SUZ has a been trading in the 9.21 - 11.54 range, which is quite wide. It is currently trading near the high of this range.
- SUZ has an average volume of 2843780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, SUZ did better than 80% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- Volume is considerably higher in the last couple of days.
SUZ has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 11.34. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.15, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
8.64
When analyzing the support we can see 5 important areas.
- A support zone ranging from 10.87 to 11.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.50 to 9.57. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 9.20 to 9.27. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @8.93 from a horizontal line in the daily time frame.
- Support @8.73 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 11.34 to 11.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for SUZ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SUZ is up. |
| ChartMill Relative Strength | 80.01 | POSITIVE | SUZ has a high relative strength, it outperformed 80.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SUZ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SUZ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SUZ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.96 | OVERBOUGHT | The high RSI value suggests SUZ may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests SUZ has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.31 | OVERBOUGHT | The high Stochastics value suggests SUZ may be overbought. |
| Average True Range in percent/ATR (20) | 2.61 | MEDIUM VOLATILITY | The ATR as a percentage value for SUZ suggests some volalility. |
| Average Directional Index/ADX (14) | 34.57 | POSITIVE | The high ADX value value for SUZ suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 11.48 | 10.86 | 0.62 (5.40%) | 18.52% |
| An entry @11.48. This is a Buy Stop order right above the resistance zone. | An exit @10.86. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.62 points, which is 5.40%. | For a 1.00% total portfolio risk, you can invest 18.52% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
11.33
-0.13 (-1.13%)
SUZANO SA - SPON ADR / SUZ FAQ
What is the ChartMill technical rating of SUZANO SA - SPON ADR (SUZ) stock?
ChartMill assigns a technical rating of 9 / 10 to SUZ.
What is the trend direction for SUZ stock?
The current trend direction for SUZANO SA - SPON ADR (SUZ) is Bullish.
What is the RSI signal for SUZ stock?
SUZANO SA - SPON ADR (SUZ) has an RSI value of 71.9607. This indicates that the stock is currently overbought.
Can you provide the MACD signal for SUZANO SA - SPON ADR?
The MACD indicator for SUZANO SA - SPON ADR (SUZ) has a value of 0.0597488, indicating a bearish trend.
What are the support and resistance levels for SUZANO SA - SPON ADR (SUZ) stock?
SUZANO SA - SPON ADR (SUZ) has a support level at 11.15 and a resistance level at 11.34. Check the full technical report for our detailed analysis of SUZ support and resistance levels.