Suntory Beverage & Food Limited Stock Forecast
Green day on Friday for Suntory Beverage & Food Limited
(Updated on May 10, 2024)
The Suntory Beverage & Food Limited stock price gained 1.22% on the last trading day (Friday, 10th May 2024), rising from JP¥5,164.00 to JP¥5,227.00. During the last trading day the stock fluctuated 2.31% from a day low at JP¥5,160.00 to a day high of JP¥5,279.00. The price has fallen in 6 of the last 10 days but is still up by 0.97% over the past 2 weeks. Volume fell on the last day by -101 thousand shares and in total, 923 thousand shares were bought and sold for approximately JP¥4.83 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and weak 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 7.57% during the next 3 months and, with a 90% probability hold a price between JP¥5,329.96 and JP¥5,882.01 at the end of this 3-month period.
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2587.T Signals & Forecast
The Suntory Beverage & Food Limited 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 JP¥5,163.29 and JP¥5,135.31. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Wednesday, March 27, 2024, and so far it has fallen -0.172%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Thursday, December 21, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, December 21, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Suntory Beverage & Food Limited stock
Suntory Beverage & Food Limited finds support from accumulated volume at JP¥5,130.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved JP¥119.00 between high and low, or 2.31%. For the last week the stock has had daily average volatility of 1.71%.
Our recommended stop-loss: JP¥5,060.21 (-3.19%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 29 days ago.)
Trading Expectations (2587.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Suntory Beverage & Food Limited to open at JP¥5,222.00, and during the day (based on 14 day Average True Range), to move between JP¥5,133.09 and JP¥5,320.91, which gives a possible trading interval of +/-JP¥93.91 (+/-1.80%) up or down from last closing price. If Suntory Beverage & Food Limited takes out the full calculated possible swing range there will be an estimated 3.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at JP¥5,236.00 (0.17%) than the support at JP¥5,130.00 (1.86%), 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.
Earnings coming up
Suntory Beverage & Food Limited will release earnings BMO on Monday, May 13, 2024.The consensus among the analysts for the expected earnings (EPS) is $49.47. We will update the financials statements for Suntory Beverage & Food Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.43% in the first trading day after earnings release.
Is Suntory Beverage & Food Limited 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 Suntory Beverage & Food Limited stock to perform well in the short-term.
Current score: 4.015 Buy Candidate Unchanged
Predicted Opening Price for Suntory Beverage & Food Limited of Monday, May 13, 2024
Fair opening price May 13, 2024 | Current price |
---|---|
JP¥5,222.00 ( 0.0957%) | JP¥5,227.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2587.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5,341.00 | 2.18 % | |
R2 | 5,295.54 | 1.31 % | ||
R1 | 5,267.46 | 0.774 % | ||
Current price: | 5,227.00 | |||
Support | S1 | 5,176.54 | -0.97 % | |
S2 | 5,148.46 | -1.50 % | ||
S3 | 5,103.00 | -2.37 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 5,236.00 | 0.172 % | ||
Current price | 5,227.00 | |||
Support | S1 | 5,130.00 | -1.86% | |
S2 | 4,810.00 | -7.98% | ||
S3 | 4,640.00 | -11.23% |
2587 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 27, 2024 | Jun 27, 2024 | Jun 27, 2024 | JP¥0 | 0% |
2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥40.00 | 0.766% |
3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥41.00 | 0.90% |
4 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥39.00 | 0.754% |
5 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥39.00 | 0.93% |
FAQ
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