Technical Analysis for SID - Companhia Siderurgica Nacional S.A.

Grade Last Price % Change Price Change
grade D 3.23 -3.00% -0.10
SID closed down 3.0 percent on Friday, August 23, 2019, on 1.52 times normal volume. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Strong Down Down Down
See historical SID trend table...

Date Alert Name Type % Chg
Expansion Breakdown Bearish Swing Setup 0.00%
Reversal New Lows Setup Bearish Swing Setup 0.00%
Outside Day Range Expansion 0.00%
Wide Bands Range Expansion 0.00%
Down 3 Days in a Row Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Fell Below 200 DMA Bearish -3.00%
Wide Bands Range Expansion -3.00%
Oversold Stochastic Weakness -3.00%
New Downtrend Bearish -6.38%

Older signals for SID ...

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Profile
Companhia Siderúrgica Nacional operates as an integrated steel producer primarily in Brazil. The company principally produces carbon steel and various steel products for automotive, home appliance, packaging, construction, and steel processing industries. Its products include slabs, which are semi-finished products used for processing hot-rolled, cold-rolled or coated coils, and sheet products; hot-rolled products, including heavy and light-gauge hot-rolled coils and sheets; cold-rolled coils and sheets; galvanized products, such as flat-rolled steel coated with zinc or a zinc-based alloy; and tin mill products, which consist of flat-rolled low-carbon steel coils or sheets comprising tin plate, tin free steel, low tin coated steel, and black plate products. The company also owns interests in various mining assets, including the Casa de Pedra mine and the Namisa mines that produce iron ore and are located in Congonhas; TECAR, a solid bulk seaport terminal located in Itaguaí port in the state of Rio de Janeiro; Mineração Bocaina that produces dolomite and limestone and is located in Arcos in the state of Minas Gerais; and a tin asset located in Ariquemes, in the state of Rondônia. In addition, it engages in logistics business that comprises railway and port facilities; production and sale of cement; and generation of electric power with hydroelectric and thermoelectric sources for industrial consumers. The company offers its products to customers directly through its sales force; and through independent distributors for subsequent resale, as well as exports its products through brokers primarily in Asia, North America, Latin America, and Europe. Companhia Siderúrgica Nacional was founded in 1941 and is headquartered in São Paulo, Brazil.
Chemistry Physical Sciences Industrial Processes Cement Steel Products Rolling Carbon Steel Companhia Siderúrgica Nacional Tin Mill Products
Is SID a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 0 bullish, 4 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 4.71
52 Week Low 1.93
Average Volume 3,399,470
200-Day Moving Average 3.4523
50-Day Moving Average 4.1088
20-Day Moving Average 3.702
10-Day Moving Average 3.459
Average True Range 0.1659
ADX 28.51
+DI 13.0557
-DI 38.1289
Chandelier Exit (Long, 3 ATRs ) 3.9823
Chandelier Exit (Short, 3 ATRs ) 3.6977
Upper Bollinger Band 4.3445
Lower Bollinger Band 3.0595
Percent B (%b) 0.13
BandWidth 34.710967
MACD Line -0.2443
MACD Signal Line -0.2167
MACD Histogram -0.0276
Fundamentals Value
Market Cap 4.38 Billion
Num Shares 1.36 Billion
EPS 0.31
Price-to-Earnings (P/E) Ratio 10.42
Price-to-Sales 0.75
Price-to-Book 1.52
PEG Ratio -2.00
Dividend 0.00
Dividend Yield 0.00%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 3.56
Resistance 3 (R3) 3.59 3.50 3.51
Resistance 2 (R2) 3.50 3.42 3.49 3.49
Resistance 1 (R1) 3.37 3.37 3.33 3.34 3.47
Pivot Point 3.28 3.28 3.26 3.27 3.28
Support 1 (S1) 3.15 3.20 3.11 3.12 2.99
Support 2 (S2) 3.06 3.15 3.05 2.97
Support 3 (S3) 2.93 3.06 2.96
Support 4 (S4) 2.90