SUBARU CORPORATION Stock Forecast
SUBARU CORPORATION stock price ended at JP¥3,281.00 on Friday, after losing 1.44%.
(Updated on Jun 14, 2024)
The SUBARU CORPORATION stock price fell by -1.44% on the last day (Friday, 14th Jun 2024) from JP¥3,329.00 to JP¥3,281.00. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 2.78% from a day low at JP¥3,232.00 to a day high of JP¥3,322.00. The price has fallen in 7 of the last 10 days and is down by -6.26% for this period. Volume has increased on the last day by 3 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 6 million shares were bought and sold for approximately JP¥18.68 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 SUBARU CORPORATION stock with a 90% probability to be traded between JP¥3,122.89 and JP¥3,486.45 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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7270.T Signals & Forecast
There are few to no technical positive signals at the moment. The SUBARU 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¥3,363.29 and JP¥3,368.46. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -7.68%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. 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.
Golden Star 12 Months
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¥3,253.00 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¥90.00 (2.78%) between high and low. For the last week, the stock has had daily average volatility of 2.27%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (7270.T) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect SUBARU CORPORATION to open at JP¥3,278.33, and during the day (based on 14 day Average True Range), to move between JP¥3,193.06 and JP¥3,368.94, which gives a possible trading interval of +/-JP¥87.94 (+/-2.68%) up or down from last closing price. If SUBARU CORPORATION takes out the full calculated possible swing range there will be an estimated 5.36% 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¥3,282.00 (0.03%) than the support at JP¥3,253.00 (0.85%), 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 SUBARU CORPORATION stock A Buy?
SUBARU 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: -3.353 Sell Candidate Unchanged
Predicted Opening Price for SUBARU CORPORATION of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| JP¥3,278.33 ( 0.0813%) | JP¥3,281.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7270.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,368.33 | 2.66% |
| R2 | 3,333.95 | 1.61% |
| R1 | 3,312.71 | 0.97% |
| Price | 3,281.00 | |
| S1 | 3,243.95 | -1.13% |
| S2 | 3,222.71 | -1.78% |
| S3 | 3,188.33 | -2.82% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,461.00 | 5.49% |
| R2 | 3,376.00 | 2.90% |
| R1 | 3,282.00 | 0.0305% |
| Price | 3,281.00 | |
| S1 | 3,253.00 | -0.85% |
| S2 | 3,220.00 | -1.86% |
| S3 | 3,199.00 | -2.50% |
7270 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 | Jun 20, 2024 | JP¥10.00 | 0.305% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Dec 07, 2023 | JP¥10.00 | 0.374% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥38.00 | 1.80% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥38.00 | 1.64% |
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