Fuji Heavy Industries Ltd Stock Forecast
Green day on Monday for Fuji Heavy Industries Ltd
(Updated on Jun 17, 2024)
The Fuji Heavy Industries Ltd stock price gained 0.774% on the last trading day (Monday, 17th Jun 2024), rising from $10.33 to $10.41. During the last trading day the stock fluctuated 0.579% from a day low at $10.36 to a day high of $10.42. The price has fallen in 6 of the last 10 days and is down by -7.47% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 10 thousand more shares were traded than the day before. In total, 14 thousand shares were bought and sold for approximately $144.73 thousand.
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 -6.44% during the next 3 months and, with a 90% probability hold a price between $9.30 and $10.41 at the end of this 3-month period.
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FUJHY Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.774%. Further rise is indicated until a new top pivot has been found. Fuji Heavy Industries 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Fuji Heavy Industries 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 $10.65 and $10.76. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Fuji Heavy Industries Ltd stock
Fuji Heavy Industries Ltd finds support from accumulated volume at $10.33 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 $0.0600 (0.579%) between high and low. For the last week, the stock has had daily average volatility of 1.44%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FUJHY) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Fuji Heavy Industries Ltd to open at $10.40, and during the day (based on 14 day Average True Range), to move between $10.16 and $10.66, which gives a possible trading interval of +/-$0.246 (+/-2.36%) up or down from last closing price. If Fuji Heavy Industries Ltd takes out the full calculated possible swing range there will be an estimated 4.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $10.33 (0.77%) than the resistance at $10.75 (3.27%), 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 Heavy Industries Ltd stock A Buy?
Fuji Heavy Industries Ltd holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.285 Sell Candidate Unchanged
Predicted Opening Price for Fuji Heavy Industries Ltd of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $10.40 ( 0.128%) | $10.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FUJHY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.46 | 0.448% |
| R2 | 10.43 | 0.228% |
| R1 | 10.42 | 0.0921% |
| Price | 10.41 | |
| S1 | 10.37 | -0.348% |
| S2 | 10.36 | -0.484% |
| S3 | 10.34 | -0.704% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.91 | 4.80% |
| R2 | 10.80 | 3.75% |
| R1 | 10.75 | 3.27% |
| Price | 10.41 | |
| S1 | 10.33 | -0.768% |
| S2 | 10.32 | -0.86% |
| S3 | 10.23 | -1.71% |
FUJHY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 28, 2023 | Sep 28, 2023 | Dec 21, 2023 | $0.0988 | 1.10% |
| 2 | Sep 27, 2023 | Sep 27, 2023 | Dec 21, 2023 | $0.0988 | 1.10% |
| 3 | Mar 29, 2023 | Mar 29, 2023 | Jul 07, 2023 | $0.0841 | 0.92% |
| 4 | Aug 28, 2022 | Sep 29, 2022 | Dec 21, 2022 | $0.0900 | 1.16% |
| 5 | Sep 27, 2006 | Sep 27, 2006 | Sep 27, 2006 | $0.0192 | 0.687% |
FAQ
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