Mizuho Financial Group Inc Stock Forecast
Red day on Thursday for Mizuho Financial Group Inc
(Updated on Mar 28, 2024)
No changes to the price of Mizuho Financial Group Inc stock on the last trading day (Thursday, 28th Mar 2024). During the last trading day the stock fluctuated 1.27% from a day low at $3.94 to a day high of $3.99. The price has risen in 5 of the last 10 days and is up by 1.27% over the past 2 weeks.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $3.92 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 17.13% during the next 3 months and, with a 90% probability hold a price between $4.59 and $5.20 at the end of this 3-month period.
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MFG Signals & Forecast
The Mizuho Financial Group Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $4.02. On a fall, the stock will find some support from the long-term average at approximately $3.85. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -7.23%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Mizuho Financial Group Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $3.71 and $3.67. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Mizuho Financial Group Inc finds support just below today's level at $3.71. If this is broken, then the next support from accumulated volume will be at $3.67 and $3.63.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0500 between high and low, or 1.27%. For the last week, the stock has had daily average volatility of 1.10%.
Our recommended stop-loss: $3.77 (-5.31%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (MFG) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Mizuho Financial Group Inc to open at $3.97, and during the day (based on 14 day Average True Range), to move between $3.91 and $4.05, which gives a possible trading interval of +/-$0.0738 (+/-1.85%) up or down from last closing price. If Mizuho Financial Group Inc takes out the full calculated possible swing range there will be an estimated 3.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.04 (1.51%) than the support at $3.71 (6.78%), 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 Mizuho Financial Group Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Mizuho Financial Group Inc stock to perform well in the short-term.
Current score: 2.440 Buy Candidate Unchanged
Predicted Opening Price for Mizuho Financial Group Inc of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$3.97 ( 0.251%) | $3.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MFG
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.02 | 1.01 % | |
R2 | 4.00 | 0.525 % | ||
R1 | 3.99 | 0.229 % | ||
Current price: | 3.98 | |||
Support | S1 | 3.95 | -0.731 % | |
S2 | 3.94 | -1.03 % | ||
S3 | 3.92 | -1.51 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.29 | 7.79 % | |
R2 | 4.09 | 2.76 % | ||
R1 | 4.04 | 1.51 % | ||
Current price | 3.98 | |||
Support | S1 | 3.71 | -6.78% | |
S2 | 3.67 | -7.79% | ||
S3 | 3.63 | -8.79% |
MFG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 12, 2023 | Sep 28, 2023 | Dec 18, 2023 | $0.0500 | 1.49% |
2 | Mar 07, 2023 | Mar 30, 2023 | Jun 16, 2023 | $0.0500 | 1.68% |
3 | Sep 14, 2022 | Sep 29, 2022 | Dec 16, 2022 | $0.0500 | 2.03% |
4 | Sep 15, 2021 | Sep 29, 2021 | Dec 17, 2021 | $0.0704 | 2.70% |
5 | Mar 30, 2021 | Mar 30, 2021 | Jun 18, 2021 | $0.0685 | 2.35% |
FAQ
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