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

Grade Last Price % Change Price Change
D 2.79 -0.71% -0.02
SID closed down 0.71 percent on Monday, April 15, 2024, on 1.36 times normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down

Date Alert Name Type % Chg
Doji - Bullish? Reversal 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Down 3 Days in a Row Weakness 0.00%
Down 4 Days in a Row Weakness 0.00%
Down 5 Days in a Row Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Lower Bollinger Band Walk Weakness -0.71%
Outside Day Range Expansion -0.71%
Down 3 Days in a Row Weakness -0.71%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakdown about 14 hours ago
Fell Below Lower Bollinger Band about 14 hours ago
60 Minute Opening Range Breakout about 16 hours ago
Up 1% about 17 hours ago
Lower Bollinger Band Support about 17 hours ago

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Profile

Companhia Siderurgica Nacional S.A. Description

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.


Classification

Sector: Basic Materials
Industry: Steel
Keywords: Alloys Cement Steel Products Limestone Carbon Steel Plate Products Sheet Products Steel Producer Steel Processing Coated Steel Companhia Siderúrgica Nacional Mill Products 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

Indicators

Indicator Value
52 Week High 4.03
52 Week Low 2.0127
Average Volume 2,945,966
200-Day Moving Average 2.90
50-Day Moving Average 3.27
20-Day Moving Average 3.04
10-Day Moving Average 2.93
Average True Range 0.10
RSI (14) 31.51
ADX 21.44
+DI 19.49
-DI 32.44
Chandelier Exit (Long, 3 ATRs) 2.99
Chandelier Exit (Short, 3 ATRs) 3.06
Upper Bollinger Bands 3.31
Lower Bollinger Band 2.76
Percent B (%b) 0.05
BandWidth 17.92
MACD Line -0.12
MACD Signal Line -0.11
MACD Histogram -0.0171
Fundamentals Value
Market Cap 3.7 Billion
Num Shares 1.33 Billion
EPS -0.13
Price-to-Earnings (P/E) Ratio -21.46
Price-to-Sales 0.11
Price-to-Book 1.33
PEG Ratio -2.14
Dividend 1.86
Dividend Yield 66.67%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 2.91
Resistance 3 (R3) 2.91 2.88 2.89
Resistance 2 (R2) 2.88 2.85 2.88 2.88
Resistance 1 (R1) 2.83 2.83 2.83 2.83 2.88
Pivot Point 2.80 2.80 2.80 2.80 2.80
Support 1 (S1) 2.75 2.77 2.75 2.75 2.70
Support 2 (S2) 2.72 2.75 2.72 2.70
Support 3 (S3) 2.67 2.72 2.69
Support 4 (S4) 2.67