SUZUKI MOTOR CORPORATION Stock Forecast
SUZUKI MOTOR CORPORATION stock upgraded to Buy Candidate.
(Updated on May 21, 2024)
The SUZUKI MOTOR CORPORATION stock price gained 0.381% on the last trading day (Tuesday, 21st May 2024), rising from JP¥1,838.50 to JP¥1,845.50. 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 2.28% from a day low at JP¥1,841.50 to a day high of JP¥1,883.50. The price has risen in 6 of the last 10 days and is up by 2.16% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 5 million shares were bought and sold for approximately JP¥10.14 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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
Mostly positive signals in the chart today. The SUZUKI MOTOR CORPORATION 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¥1,812.93 and JP¥1,792.31. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 7.83%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for SUZUKI MOTOR CORPORATION stock
SUZUKI MOTOR CORPORATION finds support from accumulated volume at JP¥1,838.50 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¥42.00 (2.28%) between high and low. For the last week, the stock has had daily average volatility of 3.39%.
Our recommended stop-loss: JP¥1,782.38 (-3.42%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (7269.T) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect SUZUKI MOTOR CORPORATION to open at JP¥1,856.83, and during the day (based on 14 day Average True Range), to move between JP¥1,753.22 and JP¥1,937.78, which gives a possible trading interval of +/-JP¥92.28 (+/-5.00%) up or down from last closing price. If SUZUKI MOTOR CORPORATION takes out the full calculated possible swing range there will be an estimated 10.00% 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¥1,848.00 (0.14%) than the support at JP¥1,838.50 (0.38%), 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 SUZUKI MOTOR CORPORATION 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.210 Buy Candidate Upgraded
Predicted Opening Price for SUZUKI MOTOR CORPORATION of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| JP¥1,856.83 ( 0.614%) | JP¥1,845.50 |
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 | 1,898.83 | 2.89 % | |
| R2 | 1,882.79 | 2.02 % | ||
| R1 | 1,872.88 | 1.48 % | ||
| Current price: | 1,845.50 | |||
| Support | S1 | 1,840.79 | -0.255 % | |
| S2 | 1,830.88 | -0.792 % | ||
| S3 | 1,814.83 | -1.66 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 1,850.00 | 0.244 % | ||
| R1 | 1,848.00 | 0.135 % | ||
| Current price | 1,845.50 | |||
| Support | S1 | 1,838.50 | -0.379% | |
| S2 | 1,767.50 | -4.23% | ||
| S3 | 1,762.00 | -4.52% |
7269 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 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥50.00 | 4.14% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥50.00 | 4.32% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥46.00 | 4.33% |
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