SUZUKI MOTOR CORPORATION Stock Forecast
SUZUKI MOTOR CORPORATION stock price up 1.46% on Tuesday
(Updated on Apr 30, 2024)
The SUZUKI MOTOR CORPORATION stock price gained 1.46% on the last trading day (Tuesday, 30th Apr 2024), rising from JP¥1,814.50 to JP¥1,841.00. During the last trading day the stock fluctuated 2.58% from a day low at JP¥1,819.00 to a day high of JP¥1,866.00. The price has been going up and down for this period, and there has been a 0.27% 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, 4 million more shares were traded than the day before. In total, 10 million shares were bought and sold for approximately JP¥18.58 billion.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -60.72% during the next 3 months and, with a 90% probability hold a price between JP¥402.79 and JP¥1,744.08 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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7269.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 7.57%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The SUZUKI MOTOR CORPORATION stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥3,384.67. On a fall, the stock will find some support from the short-term average at JP¥1,785.64. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for SUZUKI MOTOR CORPORATION stock
SUZUKI MOTOR CORPORATION finds support from accumulated volume at JP¥1,762.00 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¥47.00 (2.58%) between high and low. For the last week, the stock has had daily average volatility of 2.60%.
Our recommended stop-loss: JP¥1,767.73 (-3.98%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (7269.T) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect SUZUKI MOTOR CORPORATION to open at JP¥1,842.00, and during the day (based on 14 day Average True Range), to move between JP¥1,694.08 and JP¥1,987.92, which gives a possible trading interval of +/-JP¥146.92 (+/-7.98%) up or down from last closing price. If SUZUKI MOTOR CORPORATION takes out the full calculated possible swing range there will be an estimated 15.96% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥1,762.00, some JP¥79.00 (4.29%) from the current price of JP¥1,841.00, our system finds the risk reward attractive.
Is SUZUKI MOTOR CORPORATION stock A Buy?
SUZUKI MOTOR CORPORATION 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: -0.336 Hold/Accumulate Unchanged
Predicted Opening Price for SUZUKI MOTOR CORPORATION of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| JP¥1,842.00 ( 0.0543%) | JP¥1,841.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7269.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,889.00 | 2.61 % | |
| R2 | 1,871.05 | 1.63 % | ||
| R1 | 1,859.95 | 1.03 % | ||
| Current price: | 1,841.00 | |||
| Support | S1 | 1,824.05 | -0.92 % | |
| S2 | 1,812.95 | -1.52 % | ||
| S3 | 1,795.00 | -2.50 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 1,841.00 | |||
| Support | S1 | 1,762.00 | -4.29% | |
| S2 | 1,735.00 | -5.76% | ||
| S3 | 1,711.50 | -7.03% |
7269 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¥50.00 | 4.14% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥50.00 | 4.32% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥46.00 | 4.33% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥45.00 | 3.48% |
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