Fidelity Japanese Values plc Stock Forecast
Stronger technical forecast for Fidelity Japanese Values plc stock price after Friday trading.
(Updated on Apr 26, 2024)
The Fidelity Japanese Values plc stock price gained 1.75% on the last trading day (Friday, 26th Apr 2024), rising from £171.50 to £174.50. During the last trading day the stock fluctuated 2.26% from a day low at £174.03 to a day high of £177.96. The price has risen in 5 of the last 10 days but is still down by -1.97% for this period. Volume fell on the last day by -101 thousand shares and in total, 110 thousand shares were bought and sold for approximately £19.14 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 horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Fidelity Japanese Values plc stock with a 90% probability to be traded between £168.09 and £180.05 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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FJV.L Signals & Forecast
There are mixed signals in the stock today. The Fidelity Japanese Values plc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at £178.91. On a fall, the stock will find some support from the short-term average at £173.71. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 1.75%. Further rise is indicated until a new top pivot has been found. 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 Fidelity Japanese Values plc stock
Fidelity Japanese Values plc finds support from accumulated volume at £174.00 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 £3.93 between high and low, or 2.26%. For the last week the stock has had daily average volatility of 1.76%.
Our recommended stop-loss: £165.64 (-5.08%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (FJV.L) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Fidelity Japanese Values plc to open at £175.50, and during the day (based on 14 day Average True Range), to move between £171.00 and £178.00, which gives a possible trading interval of +/-£3.50 (+/-2.00%) up or down from last closing price. If Fidelity Japanese Values plc takes out the full calculated possible swing range there will be an estimated 4.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £174.00 (0.29%) than the resistance at £178.50 (2.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Fidelity Japanese Values plc stock A Buy?
Fidelity Japanese Values plc 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: 0.244 Hold/Accumulate Upgraded
Predicted Opening Price for Fidelity Japanese Values plc of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
£175.50 ( 0.571%) | £174.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FJV.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 179.43 | 2.82 % | |
R2 | 177.93 | 1.96 % | ||
R1 | 177.00 | 1.43 % | ||
Current price: | 174.50 | |||
Support | S1 | 174.00 | -0.289 % | |
S2 | 173.07 | -0.82 % | ||
S3 | 171.57 | -1.68 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 180.00 | 3.15 % | |
R2 | 179.00 | 2.58 % | ||
R1 | 178.50 | 2.29 % | ||
Current price | 174.50 | |||
Support | S1 | 174.00 | -0.287% | |
S2 | 173.00 | -0.86% | ||
S3 | 171.50 | -1.72% |
FJV Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 12, 1996 | Mar 25, 1996 | May 03, 1996 | £0.100 | 0.121% |
2 | Mar 02, 1995 | Apr 03, 1995 | May 23, 1995 | £0.100 | 0.145% |
FAQ
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