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<\/span><\/a>Selection criteria for companies:<\/span><\/h2>\n\n\n\n
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The stock is traded on the NYSE and NASDAQ<\/li>\n\n\n\n
The companies are not classified as funds<\/li>\n\n\n\n
The share price exceeds 2 USD<\/li>\n\n\n\n
Their market capitalisation ranges from 2 to 10 billion USD<\/li>\n\n\n\n
The annual stock returns is over 20%<\/li>\n<\/ul>\n\n\n\n
The market capitalisation of the companies was valid as of the time of writing.<\/p>\n\n\n\n
<\/span><\/a>1. Companhia Siderúrgica Nacional – 15.33%<\/span><\/h2>\n\n\n
<\/rg-instrument><\/div>\n\n\n\n
Founded in:<\/strong> 1941<\/p>\n\n\n\n
Registered in:<\/strong> Brazil<\/p>\n\n\n\n
Headquarters:<\/strong> Sao Paulo, Sao Paulo<\/p>\n\n\n\n
Sector:<\/strong> basic materials<\/p>\n\n\n\n
Platform:<\/strong> NYSE<\/p>\n\n\n\n
Market capitalisation:<\/strong> 5.24 billion USD<\/p>\n\n\n\n
Companhia Siderúrgica Nacional (NYSE: SID) produces steel, cast iron, rolled metal, pipes and iron-ore concentrate. The company is the largest steel producer in Brazil and one of the leaders in the world’s steel industry.<\/p>\n\n\n\n
According to the Q3 2023 report<\/a>, revenue for July to September inclusive rose by 2% compared to the results for the same period in 2022, reaching 11.13 billion BRL (2.23 billion USD), while net profit decreased by 62%, down to 91 million BRL (18.2 million USD).<\/p>\n\n\n\n
<\/span><\/a>Technical analysis of Companhia Siderúrgica Nacional stock<\/span><\/h3>\n\n\n\n
Companhia Siderúrgica Nacional shares gained a foothold above the upper boundary of a Double Bottom reversal pattern at 3.70 USD on 18 December 2023. This signal may suggest the completion of the pattern formation, which is why it can be assumed that its target will likely be at the 5.25 USD level.<\/p>\n\n\n\n
However, buyers must avoid a breakout of the support level at 3.70 USD to achieve this. A rebound from the support level on the RSI serves as an additional signal in favour of potential price growth. A previous rebound was observed on 13 December 2023, resulting in a price rise of 13.45%.<\/p>\n\n\n\n
A negative scenario for buyers could be a price drop below 3.30 USD, triggering a further stock price<\/a> decline to the next support level at 2.65 USD.<\/p>\n\n\n\n\n

<\/span><\/a>Selection criteria for companies:<\/span><\/h2>\n\n\n\n\nThe stock is traded on the NYSE and NASDAQ<\/li>\n\n\n\nThe companies are not classified as funds<\/li>\n\n\n\nThe share price exceeds 2 USD<\/li>\n\n\n\nTheir market capitalisation ranges from 2 to 10 billion USD<\/li>\n\n\n\n