Mazda Motor Corporation Stock Forecast
Red day on Tuesday for Mazda Motor Corporation stock after losing 0.81%
(Updated on May 07, 2024)
The Mazda Motor Corporation stock price fell by -0.81% on the last day (Tuesday, 7th May 2024) from JP¥1,730.00 to JP¥1,716.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.53% from a day low at JP¥1,699.50 to a day high of JP¥1,742.50. The price has fallen in 6 of the last 10 days but is still up by 0.06% over the past 2 weeks. 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 -2 million shares and in total, 5 million shares were bought and sold for approximately JP¥8.54 billion.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Mazda Motor Corporation stock with a 90% probability to be traded between JP¥1,524.35 and JP¥1,777.60 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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7261.T Signals & Forecast
There are few to no technical positive signals at the moment. The Mazda Motor 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¥1,730.36 and JP¥1,744.83. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -5.95%. 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 Mazda Motor Corporation stock
Mazda Motor Corporation finds support from accumulated volume at JP¥1,713.50 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¥43.00 between high and low, or 2.53%. For the last week, the stock has had daily average volatility of 3.09%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (7261.T) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Mazda Motor Corporation to open at JP¥1,719.33, and during the day (based on 14 day Average True Range), to move between JP¥1,659.96 and JP¥1,772.04, which gives a possible trading interval of +/-JP¥56.04 (+/-3.27%) up or down from last closing price. If Mazda Motor Corporation takes out the full calculated possible swing range there will be an estimated 6.53% 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¥1,713.50 (0.15%) than the resistance at JP¥1,755.50 (2.30%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Mazda Motor Corporation will release earnings BMO on Friday, May 10, 2024.The consensus among the analysts for the expected earnings (EPS) is $38.46. We will update the financials statements for Mazda Motor Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.88% in the first trading day after earnings release.
Is Mazda Motor Corporation stock A Buy?
Mazda Motor Corporation holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.129 Sell Candidate Unchanged
Predicted Opening Price for Mazda Motor Corporation of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| JP¥1,719.33 ( 0.194%) | JP¥1,716.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7261.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,762.33 | 2.70 % | |
| R2 | 1,745.91 | 1.74 % | ||
| R1 | 1,735.76 | 1.15 % | ||
| Current price: | 1,716.00 | |||
| Support | S1 | 1,702.91 | -0.763 % | |
| S2 | 1,692.76 | -1.35 % | ||
| S3 | 1,676.33 | -2.31 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,913.50 | 11.51 % | |
| R2 | 1,776.00 | 3.50 % | ||
| R1 | 1,755.50 | 2.30 % | ||
| Current price | 1,716.00 | |||
| Support | S1 | 1,713.50 | -0.146% | |
| S2 | 1,672.50 | -2.53% | ||
| S3 | 1,579.00 | -7.98% |
7261 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥25.00 | 2.10% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥20.00 | 1.92% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥20.00 | 2.21% |
| 5 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥20.00 | 3.30% |
FAQ
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