FANUC CORPORATION Stock Forecast
FANUC CORPORATION stock price down 2.65% on Monday
(Updated on Jun 17, 2024)
The FANUC CORPORATION stock price fell by -2.65% on the last day (Monday, 17th Jun 2024) from JP¥4,381.00 to JP¥4,265.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.84% from a day low at JP¥4,238.00 to a day high of JP¥4,316.00. The price has fallen in 6 of the last 10 days and is down by -3.81% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 million shares and in total, 3 million shares were bought and sold for approximately JP¥13.25 billion.
Given the current short-term trend, the stock is expected to rise 4.31% during the next 3 months and, with a 90% probability hold a price between JP¥4,448.78 and JP¥5,003.93 at the end of this 3-month period.
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6954.T Signals & Forecast
There are few to no technical positive signals at the moment. The FANUC CORPORATION stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥4,366.43 and JP¥4,519.97. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -9.31%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for FANUC CORPORATION stock
FANUC CORPORATION finds support from accumulated volume at JP¥4,228.00 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¥78.00 (1.84%) between high and low. For the last week, the stock has had daily average volatility of 1.97%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6954.T) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect FANUC CORPORATION to open at JP¥4,273.00, and during the day (based on 14 day Average True Range), to move between JP¥4,167.04 and JP¥4,362.96, which gives a possible trading interval of +/-JP¥97.96 (+/-2.30%) up or down from last closing price. If FANUC CORPORATION takes out the full calculated possible swing range there will be an estimated 4.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥4,228.00 (0.87%) than the resistance at JP¥4,399.00 (3.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is FANUC CORPORATION stock A Buy?
The FANUC CORPORATION stock holds several negative signals and despite the positive trend, we believe FANUC CORPORATION will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.409 Sell Candidate Unchanged
Predicted Opening Price for FANUC CORPORATION of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| JP¥4,273.00 ( 0.188%) | JP¥4,265.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6954.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,351.00 | 2.02% |
| R2 | 4,321.20 | 1.32% |
| R1 | 4,302.80 | 0.89% |
| Price | 4,265.00 | |
| S1 | 4,243.20 | -0.511% |
| S2 | 4,224.80 | -0.94% |
| S3 | 4,195.00 | -1.64% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,627.00 | 8.49% |
| R2 | 4,455.00 | 4.45% |
| R1 | 4,399.00 | 3.14% |
| Price | 4,265.00 | |
| S1 | 4,228.00 | -0.87% |
| S2 | 4,185.00 | -1.88% |
| S3 | 4,171.00 | -2.20% |
6954 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Jul 01, 2024 | JP¥35.16 | 0.82% |
| 2 | Sep 28, 2023 | Sep 28, 2023 | Dec 01, 2023 | JP¥40.26 | 0.98% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥54.33 | 1.16% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥52.80 | 1.28% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥47.94 | 1.10% |
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