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* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SNEJF
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Sony Corporation stock downgraded to Sell Candidate
(Updated on Jun 20, 2024)

Sell candidate since Jun 20, 2024 PDF

The Sony Corporation stock price gained 0.711% on the last trading day (Thursday, 20th Jun 2024), rising from $80.13 to $80.70. During the last trading day the stock fluctuated 0% from a day low at $80.70 to a day high of $80.70. The price has fallen in 4 of the last 10 days and is down by -6.72% for this period. Volume fell on the last day by -60 shares and in total, 500 shares were bought and sold for approximately $40.35 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.91% during the next 3 months and, with a 90% probability hold a price between $71.07 and $83.18 at the end of this 3-month period.

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SNEJF Signals & Forecast

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 Sony Corporation 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 $83.27 and $82.21. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -7.33%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Sony Corporation stock

Sony Corporation finds support from accumulated volume at $78.59 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%.

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

Trading Expectations (SNEJF) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Sony Corporation to open at $80.70, and during the day (based on 14 day Average True Range), to move between $79.18 and $82.22, which gives a possible trading interval of +/-$1.52 (+/-1.89%) up or down from last closing price. If Sony Corporation takes out the full calculated possible swing range there will be an estimated 3.78% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $81.10 (0.50%) than the support at $78.59 (2.61%), 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 Sony Corporation stock A Buy?

Sony Corporation 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. 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: -2.238 Sell Candidate Downgraded

Predicted Opening Price for Sony Corporation of Friday, June 21, 2024

Fair opening price June 21, 2024 Current price
$80.70 ( 0%) $80.70

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

Trading levels for SNEJF

Fibonacci Support & Resistance Levels

Level Price
R3 80.70 -
R2 80.70 -
R1 80.70 -
Price 80.70
S1 80.70 -
S2 80.70 -
S3 80.70 -

Accumulated Volume Support & Resistance Levels

Level Price
R3 84.06 4.16%
R2 83.39 3.33%
R1 81.10 0.501%
Price 80.70
S1 78.59 -2.61%
S2 76.30 -5.45%
S3 75.50 -6.44%

SNEJF Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Sep 27, 2024 Sep 27, 2024 Sep 27, 2024 $0 0%
2 Mar 28, 2024 Mar 28, 2024 Jun 01, 2024 $0.299 0.381%
3 Sep 28, 2023 Sep 28, 2023 Sep 28, 2023 $0.267 0.323%
4 Mar 30, 2023 Mar 30, 2023 Dec 03, 2018 $0.301 0.580%
5 Sep 29, 2022 Sep 29, 2022 Sep 29, 2022 $0.243 0.366%

FAQ

What is the symbol for Sony Corporation Stock and on which exchange is it traded?
The symbol for Sony Corporation is SNEJF and it is traded on the PINK (Pink Sheets).

Should I buy or sell Sony Corporation Stock?
Sony Corporation 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. 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.

How to buy Sony Corporation Stock?
Sony Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Sony Corporation Stock.

What's the current price of Sony Corporation Stock?
As of the end of day on the Jun 20, 2024, the price of an Sony Corporation (SNEJF) share was $80.70.

What is the 52-week high and low for Sony Corporation Stock?
The 52-week high for Sony Corporation Stock is $99.36 and the 52-week low is $74.14.

What is the market capitalization of Sony Corporation Stock?
As of the Jun 20, 2024, the market capitalization of Sony Corporation is 97.553B.

When is the next earnings date for Sony Corporation?
The upcoming earnings date for Sony Corporation is Aug 07, 2024.
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About Sony Corporation

Sony Sony Group Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets in Japan, the United States, Europe, China, the Asia-Pacific, and internationally. The company distributes software titles and add-on content through digital networks; network services related to game, video, and music content; and home and portable game consoles, packaged software, an... SNEJF Profile

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