Subaru Enterprise Co.,Ltd. Stock Forecast
Green day on Friday for Subaru Enterprise Co.,Ltd.
(Updated on May 17, 2024)
The Subaru Enterprise Co.,Ltd. stock price gained 0.179% on the last trading day (Friday, 17th May 2024), rising from JP¥2,792.00 to JP¥2,797.00. It has now gained 4 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 0.97% from a day low at JP¥2,783.00 to a day high of JP¥2,810.00. The price has risen in 8 of the last 10 days and is up by 2.04% over the past 2 weeks. Volume fell on the last day by -13 thousand shares and in total, 7 thousand shares were bought and sold for approximately JP¥18.74 million. 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 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 -12.00% during the next 3 months and, with a 90% probability hold a price between JP¥2,142.33 and JP¥2,561.19 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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9632.T Signals & Forecast
Mostly positive signals in the chart today. The Subaru Enterprise Co.,Ltd. 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¥2,781.71 and JP¥2,756.40. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 4.76%. 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 Subaru Enterprise Co.,Ltd. stock
Subaru Enterprise Co.,Ltd. finds support from accumulated volume at JP¥2,740.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved JP¥27.00 between high and low, or 0.97%. For the last week the stock has had daily average volatility of 1.58%.
Our recommended stop-loss: JP¥2,681.96 (-4.11%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 35 days ago.)
Trading Expectations (9632.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Subaru Enterprise Co.,Ltd. to open at JP¥2,796.67, and during the day (based on 14 day Average True Range), to move between JP¥2,737.90 and JP¥2,856.10, which gives a possible trading interval of +/-JP¥59.10 (+/-2.11%) up or down from last closing price. If Subaru Enterprise Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 4.23% 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¥2,829.00 (1.14%) than the support at JP¥2,740.00 (2.04%), 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 Enterprise Co.,Ltd. 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.
Current score: 1.187 Buy Candidate Unchanged
Predicted Opening Price for Subaru Enterprise Co.,Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥2,796.67 ( 0.0119%) | JP¥2,797.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9632.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,823.67 | 0.95 % | |
| R2 | 2,813.35 | 0.585 % | ||
| R1 | 2,806.98 | 0.357 % | ||
| Current price: | 2,797.00 | |||
| Support | S1 | 2,786.35 | -0.381 % | |
| S2 | 2,779.98 | -0.608 % | ||
| S3 | 2,769.67 | -0.98 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,220.00 | 15.12 % | |
| R2 | 3,100.00 | 10.83 % | ||
| R1 | 2,829.00 | 1.14 % | ||
| Current price | 2,797.00 | |||
| Support | S1 | 2,740.00 | -2.04% | |
| S2 | 2,710.00 | -3.11% | ||
| S3 | 2,705.00 | -3.29% |
9632 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 30, 2024 | Jul 30, 2024 | Jul 30, 2024 | JP¥0 | 0% |
| 2 | Jan 30, 2024 | Jan 30, 2024 | Jan 30, 2024 | JP¥0 | 0% |
| 3 | Jul 28, 2023 | Jul 28, 2023 | Jul 28, 2023 | JP¥130.00 | 6.38% |
| 4 | Jan 30, 2023 | Jan 30, 2023 | Jan 30, 2023 | JP¥120.00 | 6.67% |
| 5 | Jul 28, 2022 | Jul 28, 2022 | Jul 28, 2022 | JP¥130.00 | 7.33% |
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