SUBARU CORPORATION Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
SUBARU CORPORATION stock upgraded to Hold/Accumulate.
(Updated on Jun 25, 2024)
The SUBARU CORPORATION stock price gained 2.80% on the last trading day (Tuesday, 25th Jun 2024), rising from JP¥3,354.00 to JP¥3,448.00. During the last trading day the stock fluctuated 2.85% from a day low at JP¥3,373.00 to a day high of JP¥3,469.00. The price has fallen in 6 of the last 10 days but is still up by 1.38% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately JP¥10.45 billion.
The stock lies in the middle of a 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 -2.90% during the next 3 months and, with a 90% probability hold a price between JP¥3,055.20 and JP¥3,424.64 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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7270.T Signals & Forecast
The SUBARU 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¥3,360.14 and JP¥3,358.77. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 5.70%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Tuesday, June 18, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, November 07, 2023.
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
The stock had a Golden Star Signal on Tuesday, June 18, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, November 07, 2023.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, June 18, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, November 07, 2023.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¥3,318.00 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¥96.00 (2.85%) between high and low. For the last week, the stock has had daily average volatility of 1.78%.
Our recommended stop-loss: JP¥3,262.37 (-5.38%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (7270.T) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect SUBARU CORPORATION to open at JP¥3,430.00, and during the day (based on 14 day Average True Range), to move between JP¥3,365.76 and JP¥3,530.24, which gives a possible trading interval of +/-JP¥82.24 (+/-2.39%) up or down from last closing price. If SUBARU CORPORATION takes out the full calculated possible swing range there will be an estimated 4.77% 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¥3,461.00 (0.38%) than the support at JP¥3,318.00 (3.77%), 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 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: 0.937 Hold/Accumulate Upgraded
Predicted Opening Price for SUBARU CORPORATION of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
JP¥3,430.00 ( 0.522%) | JP¥3,448.00 |
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 | 3,526.00 | 2.26% |
R2 | 3,489.33 | 1.20% |
R1 | 3,466.67 | 0.542% |
Price | 3,448.00 | |
S1 | 3,393.33 | -1.59% |
S2 | 3,370.67 | -2.24% |
S3 | 3,334.00 | -3.31% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 3,577.00 | 3.74% |
R2 | 3,532.00 | 2.44% |
R1 | 3,461.00 | 0.377% |
Price | 3,448.00 | |
S1 | 3,318.00 | -3.77% |
S2 | 3,282.00 | -4.81% |
S3 | 3,199.00 | -7.22% |
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 | 0.297% |
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% |
FAQ
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