Fuji Electric Holdings Company Ltd Stock Forecast

Green day on Tuesday for Fuji Electric Holdings Company Ltd
(Updated on Jun 25, 2024)

FELTY Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, May 24, 2024, and so far it has risen 1.57%. 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). Fuji Electric Holdings Company Ltd has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Fuji Electric Holdings Company Ltd 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 $14.51 and $15.05. A break-up above any of these levels will issue buy signals.

Support, Risk & Stop-loss for Fuji Electric Holdings Company Ltd stock

Fuji Electric Holdings Company Ltd finds support from accumulated volume at $14.20 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 $0 (0%) between high and low. For the last week, the stock has had daily average volatility of 0%.

Fuji Electric Holdings Company Ltd is oversold on RSI14 (7). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: $13.41 (-5.89%) (This stock has low daily movements and this gives low risk. Low RSI14 is 7 which reduces the risk some. There is a buy signal from a pivot bottom found 51 days ago.)

Trading Expectations (FELTY) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Fuji Electric Holdings Company Ltd to open at $14.25, and during the day (based on 14 day Average True Range), to move between $14.01 and $14.49, which gives a possible trading interval of +/-$0.238 (+/-1.67%) up or down from last closing price. If Fuji Electric Holdings Company Ltd takes out the full calculated possible swing range there will be an estimated 3.34% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $14.20 (0.35%) than the resistance at $15.48 (8.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Fuji Electric Holdings Company Ltd stock A Buy?

Fuji Electric Holdings Company Ltd 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.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Fuji Electric Holdings Company Ltd of Wednesday, June 26, 2024

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