SUBARU CORPORATION Stock Forecast

Stronger technical forecast for SUBARU CORPORATION stock price after Friday trading.
(Updated on May 24, 2024)

7270.T Signals & Forecast

There are mixed signals in the stock today. The SUBARU 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¥3,392.71. On a fall, the stock will find some support from the short-term average at JP¥3,304.71. 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. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -0.93%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Tuesday, November 07, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for SUBARU CORPORATION stock

SUBARU CORPORATION finds support from accumulated volume at JP¥3,282.00 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¥71.00 (2.16%) between high and low. For the last week, the stock has had daily average volatility of 2.37%.

Our recommended stop-loss: JP¥3,206.70 (-3.38%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)

Trading Expectations (7270.T) For The Upcoming Trading Day Of Monday 27th

For the upcoming trading day on Monday, 27th we expect SUBARU CORPORATION to open at JP¥3,317.33, and during the day (based on 14 day Average True Range), to move between JP¥3,224.99 and JP¥3,413.01, which gives a possible trading interval of +/-JP¥94.01 (+/-2.83%) up or down from last closing price. If SUBARU CORPORATION takes out the full calculated possible swing range there will be an estimated 5.67% 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¥3,282.00 (1.11%) than the resistance at JP¥3,376.00 (1.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is SUBARU CORPORATION stock A Buy?

SUBARU 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.726 Hold/Accumulate Upgraded

Predicted Opening Price for SUBARU CORPORATION of Monday, May 27, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.