Fujikura Ltd. Stock Forecast
Green day on Tuesday for Fujikura Ltd.
(Updated on May 21, 2024)
The Fujikura Ltd. stock price gained 3.95% on the last trading day (Tuesday, 21st May 2024), rising from JP¥2,910.00 to JP¥3,025.00. During the last trading day the stock fluctuated 4.41% from a day low at JP¥2,939.50 to a day high of JP¥3,069.00. The price has been going up and down for this period, and there has been a 2.93% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 264 thousand more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately JP¥14.19 billion.
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 62.66% during the next 3 months and, with a 90% probability hold a price between JP¥4,633.35 and JP¥5,355.54 at the end of this 3-month period.
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5803.T Signals & Forecast
The Fujikura 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 JP¥2,868.14 and JP¥2,650.11. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 15, 2024, and so far it has risen 9.56%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Fujikura Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥2,831.00 and JP¥2,666.50. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Fujikura Ltd. finds support just below today's level at JP¥2,831.00. If this is broken, then the next support from accumulated volume will be at JP¥2,666.50 and JP¥2,555.00.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved JP¥129.50 between high and low, or 4.41%. For the last week, the stock has had daily average volatility of 3.84%.
Our recommended stop-loss: JP¥2,913.45 (-3.69%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (5803.T) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect Fujikura Ltd. to open at JP¥3,011.17, and during the day (based on 14 day Average True Range), to move between JP¥2,892.33 and JP¥3,157.67, which gives a possible trading interval of +/-JP¥132.67 (+/-4.39%) up or down from last closing price. If Fujikura Ltd. takes out the full calculated possible swing range there will be an estimated 8.77% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥2,831.00, some JP¥194.00 (6.41%) from the current price of JP¥3,025.00, our system finds the risk reward attractive.
Is Fujikura Ltd. stock A Buy?
Fujikura Ltd. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 8.514 Strong Buy Candidate Unchanged
Predicted Opening Price for Fujikura Ltd. of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| JP¥3,011.17 ( 0.457%) | JP¥3,025.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 5803.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,140.67 | 3.82 % | |
| R2 | 3,091.20 | 2.19 % | ||
| R1 | 3,060.64 | 1.18 % | ||
| Current price: | 3,025.00 | |||
| Support | S1 | 2,961.70 | -2.09 % | |
| S2 | 2,931.14 | -3.10 % | ||
| S3 | 2,881.67 | -4.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 3,025.00 | |||
| Support | S1 | 2,831.00 | -6.41% | |
| S2 | 2,666.50 | -11.85% | ||
| S3 | 2,555.00 | -15.54% |
5803 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥17.00 | 1.83% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥13.00 | 1.45% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥10.00 | 1.62% |
FAQ
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