Daiichi Sankyo Company, Ltd Stock Forecast
Green day on Friday for Daiichi Sankyo Company, Ltd stock after gaining 2.53%
(Updated on May 10, 2024)
The Daiichi Sankyo Company, Ltd stock price gained 2.53% on the last trading day (Friday, 10th May 2024), rising from $33.64 to $34.49. During the last trading day the stock fluctuated 3.01% from a day low at $33.59 to a day high of $34.60. The price has risen in 7 of the last 10 days and is up by 7.11% over the past 2 weeks. Volume fell on the last day by -412 thousand shares and in total, 39 thousand shares were bought and sold for approximately $1.36 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 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 Daiichi Sankyo Company, Ltd stock with a 90% probability to be traded between $28.85 and $35.88 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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DSNKY Signals & Forecast
The Daiichi Sankyo Company, Ltd stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $34.84. On a fall, the stock will find some support from the long-term average at approximately $31.76. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -4.64%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Daiichi Sankyo Company, Ltd stock
Daiichi Sankyo Company, Ltd finds support from accumulated volume at $33.57 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $1.01 between high and low, or 3.01%. For the last week the stock has had daily average volatility of 3.04%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DSNKY) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Daiichi Sankyo Company, Ltd to open at $34.23, and during the day (based on 14 day Average True Range), to move between $33.42 and $35.56, which gives a possible trading interval of +/-$1.07 (+/-3.10%) up or down from last closing price. If Daiichi Sankyo Company, Ltd takes out the full calculated possible swing range there will be an estimated 6.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $33.57 (2.68%) than the resistance at $35.48 (2.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Daiichi Sankyo Company, Ltd stock A Buy?
Daiichi Sankyo Company, Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.285 Sell Candidate Unchanged
Predicted Opening Price for Daiichi Sankyo Company, Ltd of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $34.23 ( 0.764%) | $34.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DSNKY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 35.24 | 2.16 % | |
| R2 | 34.85 | 1.05 % | ||
| R1 | 34.61 | 0.355 % | ||
| Current price: | 34.49 | |||
| Support | S1 | 33.84 | -1.88 % | |
| S2 | 33.60 | -2.57 % | ||
| S3 | 33.22 | -3.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.17 | 4.87 % | |
| R2 | 35.86 | 3.97 % | ||
| R1 | 35.48 | 2.87 % | ||
| Current price | 34.49 | |||
| Support | S1 | 33.57 | -2.68% | |
| S2 | 30.18 | -12.50% | ||
| S3 | 29.58 | -14.24% |
DSNKY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 28, 2023 | Sep 28, 2023 | Dec 15, 2023 | $0.0900 | 0.321% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Jun 27, 2023 | $0.0679 | 0.214% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Dec 08, 2022 | $0.0714 | 0.220% |
| 4 | Sep 28, 2021 | Sep 28, 2021 | Sep 28, 2021 | $0.119 | 0.444% |
| 5 | Mar 29, 2021 | Mar 29, 2021 | Mar 29, 2021 | $0.122 | 0.405% |
FAQ
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