FUJITSU LIMITED Stock Forecast
Green day on Wednesday for FUJITSU LIMITED stock after gaining 1.22%
(Updated on Jun 26, 2024)
The FUJITSU LIMITED stock price gained 1.22% on the last trading day (Wednesday, 26th Jun 2024), rising from JP¥2,426.50 to JP¥2,456.00. During the last trading day the stock fluctuated 1.46% from a day low at JP¥2,428.00 to a day high of JP¥2,463.50. The price has fallen in 6 of the last 10 days but is still up by 1.76% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately JP¥12.04 billion.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥1,554.00 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -8.71% during the next 3 months and, with a 90% probability hold a price between JP¥1,418.60 and JP¥20,649.85 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
6702.T Signals & Forecast
The FUJITSU 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¥2,426.93 and JP¥2,368.47. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 9.13%. 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 FUJITSU LIMITED stock
FUJITSU LIMITED finds support from accumulated volume at JP¥2,435.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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¥35.50 between high and low, or 1.46%. For the last week, the stock has had daily average volatility of 1.88%.
Our recommended stop-loss: JP¥2,361.20 (-3.86%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 65 days ago.)
Trading Expectations (6702.T) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect FUJITSU LIMITED to open at JP¥2,449.17, and during the day (based on 14 day Average True Range), to move between JP¥2,355.00 and JP¥2,557.00, which gives a possible trading interval of +/-JP¥101.00 (+/-4.11%) up or down from last closing price. If FUJITSU LIMITED takes out the full calculated possible swing range there will be an estimated 8.22% 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¥2,464.00 (0.33%) than the support at JP¥2,435.50 (0.83%), 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 FUJITSU LIMITED stock A Buy?
FUJITSU LIMITED holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.142 Hold/Accumulate Unchanged
Predicted Opening Price for FUJITSU LIMITED of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| JP¥2,449.17 ( 0.278%) | JP¥2,456.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6702.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,484.67 | 1.17% |
| R2 | 2,471.11 | 0.615% |
| R1 | 2,462.73 | 0.274% |
| Price | 2,456.00 | |
| S1 | 2,435.61 | -0.83% |
| S2 | 2,427.23 | -1.17% |
| S3 | 2,413.67 | -1.72% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,490.00 | 1.38% |
| R2 | 2,468.00 | 0.489% |
| R1 | 2,464.00 | 0.326% |
| Price | 2,456.00 | |
| S1 | 2,435.50 | -0.83% |
| S2 | 2,425.50 | -1.24% |
| S3 | 2,393.00 | -2.57% |
6702 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 | Jun 03, 2024 | JP¥13.00 | 0.567% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Nov 30, 2023 | JP¥130.00 | 6.16% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥120.00 | 6.77% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥120.00 | 7.58% |
FAQ
Click here for our free guide on how to buy FUJITSU LIMITED Stock.
