How Far Suzano S.A. (SUZ) Will Rise Today

Stay Ahead of Wall Street. Find out what is happening to Suzano S.A. (NYSE:SUZ) stock today? Its price is jumping 0.99 points, trading at $16.37 levels, and is up 6.44% from its previous close of $15.38. The shares seem to have an active trading volume day with a reported 117288 contracts so far this session. SUZ shares had a relatively better volume day versus average trading capacity of 127.76 thousand shares, but with a 0.17 billion float and a 1.92% run over a week, it’s definitely worth keeping an eye on. SUZ share price has been trading recently between $15.04 and $15.56. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $17.51.

The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Suzano S.A. (SUZ) Q2 2019 Earnings Call Transcript” and dated August 09, 2019.

During the recent trading session for Suzano S.A. (NYSE:SUZ), the company witnessed their stock rise $1.02 over a week and tumble down $-1.49 from the price 20 days ago. When compared to their established 52-week high of $27.37, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 07/09/18. The recent low of $14.86 stood for a -40.19% since 05/08/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.

Looking at the current readings for Suzano S.A., the two-week RSI stands at 51.77. This figure suggests that SUZ stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current SUZ readings is similarly very revealing as it has a stochastic reading of 36.34% at this stage. This figure means that SUZ share price today is being neutral.

Technical chart claims that Suzano S.A. (SUZ) would settle between $15.61/share to $15.85/share level. However, if the stock price goes below the $15.09 mark, then the market for Suzano S.A. becomes much weaker. If that happens, the stock price might even plunge as low as $14.81 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.13. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.