Fuji Heavy Industries Ltd Stock Forecast
Fuji Heavy Industries Ltd stock downgraded to Sell Candidate
(Updated on May 01, 2024)
The Fuji Heavy Industries Ltd stock price fell by -0.405% on the last day (Wednesday, 1st May 2024) from $11.12 to $11.08. During the last trading day the stock fluctuated 1.36% from a day low at $11.01 to a day high of $11.16. The price has fallen in 6 of the last 10 days and is down by -1.03% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -25 thousand shares and in total, 27 thousand shares were bought and sold for approximately $303.01 thousand.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.43% during the next 3 months and, with a 90% probability hold a price between $10.85 and $12.11 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 Thursday, April 25, 2024, and so far it has risen 5.58%. Further rise is indicated until a new top pivot has been found. 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 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 $11.11. On a fall, the stock will find some support from the short-term average at $10.81. 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). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Fuji Heavy Industries Ltd stock
Fuji Heavy Industries Ltd finds support from accumulated volume at $10.84 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.150 between high and low, or 1.36%. For the last week the stock has had daily average volatility of 2.30%.
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 Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Fuji Heavy Industries Ltd to open at $11.08, and during the day (based on 14 day Average True Range), to move between $10.78 and $11.37, which gives a possible trading interval of +/-$0.299 (+/-2.70%) 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 5.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $11.17 (0.86%) than the support at $10.84 (2.12%), 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.
Earnings coming up
Fuji Heavy Industries Ltd will release earnings -- on Thursday, May 09, 2024. We will update the financials statements for Fuji Heavy Industries Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.43% in the first trading day after earnings release.
Is Fuji Heavy Industries Ltd stock A Buy?
Fuji Heavy Industries 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.489 Sell Candidate Downgraded
Predicted Opening Price for Fuji Heavy Industries Ltd of Thursday, May 2, 2024
Fair opening price May 2, 2024 | Current price |
---|---|
$11.08 ( 0.0611%) | $11.08 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 11.23 | 1.41 % | |
R2 | 11.17 | 0.90 % | ||
R1 | 11.14 | 0.577 % | ||
Current price: | 11.08 | |||
Support | S1 | 11.02 | -0.455 % | |
S2 | 10.99 | -0.774 % | ||
S3 | 10.93 | -1.29 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.28 | 1.85 % | |
R2 | 11.24 | 1.49 % | ||
R1 | 11.17 | 0.86 % | ||
Current price | 11.08 | |||
Support | S1 | 10.84 | -2.12% | |
S2 | 10.80 | -2.48% | ||
S3 | 10.49 | -5.28% |
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 | Mar 29, 2023 | Mar 29, 2023 | Jul 07, 2023 | $0.0841 | 0.92% |
3 | Aug 28, 2022 | Sep 29, 2022 | Dec 21, 2022 | $0.0900 | 1.16% |
4 | Sep 27, 2006 | Sep 27, 2006 | Sep 27, 2006 | $0.0192 | 0.687% |
5 | Mar 28, 2006 | Mar 28, 2006 | Mar 28, 2006 | $0.0193 | 0.654% |
FAQ
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