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Is SID likely to continue higher? MACD Bullish Signal Line Cross shows up after rallying 9.36%

SwingTradeBot Nightly Stock Scan: Companhia Siderurgica Nacional S.A. (SID) — Technical Patterns & Alerts · Aug 22, 2026, 02:15 ET
On Friday, August 21st, SID moved up 9.36% while volume shrunk to 0.5× the usual levels. Multiple bullish signals emerged — MACD Bullish Signal Line Cross, Crossed Above 20 DMA & Directional Movement Crossover Bullish — suggesting potential strength ahead. Key support levels exist at 0.91, 0.84 & 0.81, with resistance at 1.01, 1.04 & 1.11.

Current SwingTradeBot Technical Rating of SID: F

Don’t miss other key signals SID triggered—view them now on SwingTradeBot.com.

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National Steel Company (SID)