Mizuho Financial Group Inc Stock Forecast
Mizuho Financial Group Inc stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Apr 26, 2024)
The Mizuho Financial Group Inc stock price fell by -1.03% on the last day (Friday, 26th Apr 2024) from $3.89 to $3.85. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.04% from a day low at $3.83 to a day high of $3.87. The price has been going up and down for this period, and there has been a -1.53% loss for the last 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 -37 thousand shares and in total, 598 thousand shares were bought and sold for approximately $2.30 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $3.84 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 7.73% during the next 3 months and, with a 90% probability hold a price between $4.13 and $4.81 at the end of this 3-month period.
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MFG Signals & Forecast
There are mixed signals in the stock today. The Mizuho Financial Group Inc 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 $3.89 and $3.95. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 1.32%. 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).
Support, Risk & Stop-loss for Mizuho Financial Group Inc stock
Mizuho Financial Group Inc finds support from accumulated volume at $3.71 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 $0.0400 between high and low, or 1.04%. For the last week the stock has had daily average volatility of 1.34%.
Our recommended stop-loss: $3.63 (-5.78%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (MFG) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Mizuho Financial Group Inc to open at $3.85, and during the day (based on 14 day Average True Range), to move between $3.77 and $3.93, which gives a possible trading interval of +/-$0.0761 (+/-1.98%) 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 3.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.86 (0.26%) than the support at $3.71 (3.64%), 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?
Mizuho Financial Group Inc 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: -0.419 Hold/Accumulate Upgraded
Predicted Opening Price for Mizuho Financial Group Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $3.85 ( 0%) | $3.85 |
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 | 3.89 | 1.04 % | |
| R2 | 3.87 | 0.642 % | ||
| R1 | 3.87 | 0.397 % | ||
| Current price: | 3.85 | |||
| Support | S1 | 3.83 | -0.397 % | |
| S2 | 3.83 | -0.642 % | ||
| S3 | 3.81 | -1.04 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.09 | 6.23 % | |
| R2 | 3.99 | 3.64 % | ||
| R1 | 3.86 | 0.260 % | ||
| Current price | 3.85 | |||
| Support | S1 | 3.71 | -3.64% | |
| S2 | 3.69 | -4.16% | ||
| S3 | 3.63 | -5.71% |
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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