Predicción SCYR 17-01-2022Predicción para SCYR en largo. Recomendada por nuestro algoritmo de IA. El horizonte temporal de la recomendación es 5 días.
1SCYR trade ideas
SACYR in front of major resistance/ en resistencia historicaSacyr closed on friday really close to historical resistance after a rally that started in 1.40s for almost 50% upside. With christmas approaching to markets and everything going up it wouldn't be suprise the typical december retrace taking this one 2 fib levels down to 1.69 before seriously trying to break that resistance.
Sacyr cerro el viernes muy cerca de una resistencia historica en torno a 2.1e por acción despueés de un rally q empezo en torno a 1,4 euros para casi un 50% de revalorizacion. Con Navidades a la vuelta de la esquina y Diciembre siendo un mes que suele tener caidas en los mercados no sería de extrañar ver a sacyr retroceder 2 nvieles del retroceso de fibonacci hasta los 1.69€ antes de plantearse seriamente atacar la resistencia historica mencionada.
SACYR: Shaping H&S after inverse one outcome got kicked outWe are always listening to "Sacyr wins this concession in Chile", "Sacyr wins this construction in ____", "Sacyr enters bid to build a hospital in Lisbon"... But what if there are overcosts or a new confinement? Nowadays, the company is unprofitable. In 2019, it lost €297 million and historically Sacyr has always been correlated with the price fluctuations of REPSOL (who's been behavioring really bad lately). EBITDA was up 25% in 2019, up to 679 million. Debt was increased by 6.6% up to €4,315 million. Sales decreased 33% in all areas except Industrial one. Sacyr has a stake of 8.2% in Repsol whose contribution to the firm's profits in 2019 is -354 million.
The first semester, Sacyr's profits were 12.9% lower (to 70 million) YoY. It has a provision of 30 million and REPSOL's contribution to profit was -18 million. Ebitda is up 10.4% to 348 million. Sales +3.5% (2,079 million). Sacyr increases debt by 213 million from December 2019 due to all those investments on concessions we are hearing nowadays. So in case the company starts growing in 2020, it will do so with a large burden of debt.
It is important to look at the Construction Index from Spain to have a preview of how companies are dealing with this pandemic. ACS shares, for example, are being severely punished.
BME:ACS
From technical perspective, BME:SCYR is shaping a closing triangle that might end on September 14. Even though all these good news about winning contracts surround the company, investors are smart enough to know that the high stake on Repsol will drag it down in case the pandemic worsens or oil prices start to fall. The inverse Head and Shoulders it shaped some weeks ago (starting June 14) ended on August 4. It lasted therefore one month and ten days. Now, the symbol has started a H&S figure on July 10 but its outcome is still not noticeable.
I will post a study on construction companies after publishing this post. My final conclusion on SACYR is short as long as oil markets tumble and covid19 cases increase. Also, the company might be involved in legal procedures that may affect its continuation of an uptrend. First support at 1.80, second at 1.50.
SACYR trianglePosible new cycle, develop of 4th wave on triangular form. Follow a buy signal above 2€.
Not quite happy with a-4 overlaping 1st wave, but let's trust a 0.02€ margin error.
SACYRI just closed the long trade. I will reopen if the price falls to 1.80 or if it moves past 1.95
SACYRSacyr has moved past the 200D MA and it keeps above the Ichimoku cloud. I am maintaining my long position
SACYRThe 200D MA has stopped the Price which has been moving within a rising cannel. I have a long position according to the trading plan shown on chart.
SACYRSo far so good. The price has been going in the right direction as far as the long strategy I opened a few days ago.
