Brother Enterprises Holding Co Ltd Stock Forecast
Red day on Friday for Brother Enterprises Holding Co Ltd stock after losing 0.269%
(Updated on May 10, 2024)
The Brother Enterprises Holding Co Ltd stock price fell by -0.269% on the last day (Friday, 10th May 2024) from ¥3.72 to ¥3.71. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 8.38% from a day low at ¥3.70 to a day high of ¥4.01. The price has been going up and down for this period, and there has been a 16.3% gain for the last 2 weeks. Volume has increased on the last day by 24 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 59 million shares were bought and sold for approximately ¥218.19 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 14.79% during the next 3 months and, with a 90% probability hold a price between ¥3.64 and ¥4.45 at the end of this 3-month period.
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002562.SZ Signals & Forecast
The Brother Enterprises Holding Co Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ¥3.61 and ¥3.39. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -3.64%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Brother Enterprises Holding Co Ltd stock
Brother Enterprises Holding Co Ltd finds support from accumulated volume at ¥3.59 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ¥0.310 between high and low, or 8.38%. For the last week, the stock has had daily average volatility of 11.77%.
Our recommended stop-loss: ¥3.57 (-3.86%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (002562.SZ) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Brother Enterprises Holding Co Ltd to open at ¥3.81, and during the day (based on 14 day Average True Range), to move between ¥3.43 and ¥3.99, which gives a possible trading interval of +/-¥0.282 (+/-7.59%) up or down from last closing price. If Brother Enterprises Holding Co Ltd takes out the full calculated possible swing range there will be an estimated 15.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥3.72 (0.27%) than the support at ¥3.59 (3.23%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Brother Enterprises Holding Co Ltd stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Brother Enterprises Holding Co Ltd stock to perform well in the short-term.
Current score: 1.694 Buy Candidate Unchanged
Predicted Opening Price for Brother Enterprises Holding Co Ltd of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| ¥3.81 ( 2.61%) | ¥3.71 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002562.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.12 | 10.96 % | |
| R2 | 4.00 | 7.77 % | ||
| R1 | 3.93 | 5.80 % | ||
| Current price: | 3.71 | |||
| Support | S1 | 3.69 | -0.586 % | |
| S2 | 3.62 | -2.56 % | ||
| S3 | 3.50 | -5.75 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.85 | 3.77 % | |
| R2 | 3.75 | 1.08 % | ||
| R1 | 3.72 | 0.270 % | ||
| Current price | 3.71 | |||
| Support | S1 | 3.59 | -3.23% | |
| S2 | 3.53 | -4.85% | ||
| S3 | 3.19 | -14.02% |
002562 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 10, 2023 | May 10, 2023 | May 10, 2023 | ¥0.100 | 2.15% |
| 2 | Jun 21, 2019 | Jun 21, 2019 | Jun 21, 2019 | ¥0.100 | 2.25% |
| 3 | May 29, 2018 | May 29, 2018 | May 29, 2018 | ¥0.125 | 1.79% |
| 4 | Apr 14, 2017 | Apr 14, 2017 | Apr 14, 2017 | ¥0.0625 | 0.728% |
| 5 | Jun 05, 2015 | Jun 05, 2015 | Jun 05, 2015 | ¥0.0313 | 0.388% |
FAQ
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