Suzano SA (SUZ): Price Now Near $12.59; Daily Chart Shows An Uptrend on 100 Day Basis

The Hourly View for SUZ

At the time of this writing, SUZ (Get Ratings)’s price is up $0.1 (0.8%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

SUZ’s Technical Outlook on the Daily Chart

At the time of this writing, SUZ’s price is up $0.09 (0.72%) from the day prior. The daily chart shows that SUZ has seen 3 straight up days. Regarding the trend, note that the strongest trend exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The chart below shows SUZ’s price action over the past 90 days.

SUZ

For SUZ News Traders

News traders keeping an eye on SUZ may find value in this recent story:

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