MAZDA MOTOR CORP Stock Forecast

Green day on Tuesday for MAZDA MOTOR CORP stock after gaining 0.185%
(Updated on Apr 23, 2024)

MZDAY Signals & Forecast

MAZDA MOTOR CORP 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 MAZDA MOTOR CORP 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 $5.52 and $5.67. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -8.60%. 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). The stock had a Golden Star Signal on Friday, November 03, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for MAZDA MOTOR CORP stock

MAZDA MOTOR CORP finds support from accumulated volume at $5.40 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0400 between high and low, or 0.743%. For the last week, the stock has had daily average volatility of 2.63%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (MZDAY) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect MAZDA MOTOR CORP to open at $5.41, and during the day (based on 14 day Average True Range), to move between $5.23 and $5.61, which gives a possible trading interval of +/-$0.194 (+/-3.58%) up or down from last closing price. If MAZDA MOTOR CORP takes out the full calculated possible swing range there will be an estimated 7.17% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $5.40 (0.37%) than the resistance at $5.70 (5.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is MAZDA MOTOR CORP stock A Buy?

MAZDA MOTOR CORP 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: -1.858 Sell Candidate Unchanged

Predicted Opening Price for MAZDA MOTOR CORP of Wednesday, April 24, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.