Isuzu Motors Limited Stock Forecast
Evaluation of Isuzu Motors Limited stock downgraded after the last trading session.
(Updated on Mar 27, 2024)
The Isuzu Motors Limited stock price fell by -1.82% on the last day (Wednesday, 27th Mar 2024) from $14.06 to $13.80. During the last trading day the stock fluctuated 3.73% from a day low at $13.69 to a day high of $14.20. The price has risen in 6 of the last 10 days and is up by 4.15% over the past 2 weeks. 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 -949 shares and in total, 5 thousand shares were bought and sold for approximately $66.41 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 5.56% during the next 3 months and, with a 90% probability hold a price between $14.05 and $15.58 at the end of this 3-month period.
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ISUZY Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, March 11, 2024, and so far it has risen 4.86%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Isuzu Motors Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $13.94 and $13.87. A break-up above any of these levels will issue buy signals. 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. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Isuzu Motors Limited stock
Isuzu Motors Limited finds support from accumulated volume at $13.70 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 $0.510 between high and low, or 3.73%. For the last week the stock has had daily average volatility of 2.35%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ISUZY) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Isuzu Motors Limited to open at $13.90, and during the day (based on 14 day Average True Range), to move between $13.38 and $14.22, which gives a possible trading interval of +/-$0.417 (+/-3.02%) up or down from last closing price. If Isuzu Motors Limited takes out the full calculated possible swing range there will be an estimated 6.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $13.84 (0.29%) than the support at $13.70 (0.76%), 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.
Is Isuzu Motors Limited stock A Buy?
Isuzu Motors Limited 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 Buy to a Sell candidate.
Current score: -3.168 Sell Candidate Downgraded
Predicted Opening Price for Isuzu Motors Limited of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$13.90 ( 0.700%) | $13.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ISUZY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 14.41 | 4.40 % | |
R2 | 14.21 | 2.98 % | ||
R1 | 14.09 | 2.11 % | ||
Current price: | 13.80 | |||
Support | S1 | 13.70 | -0.711 % | |
S2 | 13.58 | -1.58 % | ||
S3 | 13.39 | -3.00 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 14.30 | 3.62 % | |
R2 | 13.96 | 1.16 % | ||
R1 | 13.84 | 0.290 % | ||
Current price | 13.80 | |||
Support | S1 | 13.70 | -0.761% | |
S2 | 13.44 | -2.61% | ||
S3 | 13.35 | -3.26% |
ISUZY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 28, 2023 | Sep 28, 2023 | Dec 14, 2023 | $0.180 | 1.44% |
2 | Mar 30, 2023 | Mar 30, 2023 | Jun 29, 2023 | $0.268 | 2.23% |
3 | Sep 29, 2022 | Sep 29, 2022 | Dec 14, 2022 | $0.165 | 1.32% |
4 | Sep 28, 2021 | Sep 28, 2021 | Sep 28, 2021 | $0.257 | 1.98% |
5 | Mar 29, 2021 | Mar 29, 2021 | Mar 29, 2021 | $0.180 | 1.67% |
FAQ
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