FUJITSU LIMITED Stock Forecast
Green day on Friday for FUJITSU LIMITED
(Updated on Jun 28, 2024)
The FUJITSU LIMITED stock price gained 0.479% on the last trading day (Friday, 28th Jun 2024), rising from JP¥2,505.00 to JP¥2,517.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.65% from a day low at JP¥2,508.00 to a day high of JP¥2,549.50. The price has been going up and down for this period, and there has been a 3.99% 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, 958 thousand more shares were traded than the day before. In total, 6 million shares were bought and sold for approximately JP¥13.95 billion.
Given the current short-term trend, the stock is expected to fall -2.92% during the next 3 months and, with a 90% probability hold a price between JP¥2,158.69 and JP¥2,443.49 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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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¥2,447.57 and JP¥2,377.39. 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 11.84%. 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¥2,468.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥41.50 (1.65%) between high and low. For the last week, the stock has had daily average volatility of 1.85%.
Our recommended stop-loss: JP¥2,418.33 (-3.92%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 67 days ago.)
Trading Expectations (6702.T) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect FUJITSU LIMITED to open at JP¥2,524.83, and during the day (based on 14 day Average True Range), to move between JP¥2,462.12 and JP¥2,571.88, which gives a possible trading interval of +/-JP¥54.88 (+/-2.18%) up or down from last closing price. If FUJITSU LIMITED takes out the full calculated possible swing range there will be an estimated 4.36% 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¥2,517.50 (0.02%) than the support at JP¥2,468.00 (1.95%), 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?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 2.853 Buy Candidate Unchanged
Predicted Opening Price for FUJITSU LIMITED of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
JP¥2,524.83 ( 0.311%) | JP¥2,517.00 |
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 | 2,566.33 | 1.96% |
R2 | 2,550.48 | 1.33% |
R1 | 2,540.69 | 0.94% |
Price | 2,517.00 | |
S1 | 2,508.98 | -0.319% |
S2 | 2,499.19 | -0.708% |
S3 | 2,483.33 | -1.34% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 2,528.50 | 0.457% |
R2 | 2,520.50 | 0.139% |
R1 | 2,517.50 | 0.0199% |
Price | 2,517.00 | |
S1 | 2,468.00 | -1.95% |
S2 | 2,425.50 | -3.64% |
S3 | 2,393.00 | -4.93% |
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
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