Suntory Beverage & Food Limited Stock Forecast

Suntory Beverage & Food Limited stock price down 1.17% on Friday
(Updated on Apr 26, 2024)

STBFY Signals & Forecast

There are few to no technical positive signals at the moment. The Suntory Beverage & Food Limited 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 $16.36 and $16.60. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 27, 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). Suntory Beverage & Food Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Suntory Beverage & Food Limited stock

Suntory Beverage & Food Limited finds support from accumulated volume at $16.01 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.0500 (0.312%) between high and low. For the last week, the stock has had daily average volatility of 1.70%.

Our recommended stop-loss: $15.47 (-3.52%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 21 days ago.)

Trading Expectations (STBFY) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Suntory Beverage & Food Limited to open at $16.04, and during the day (based on 14 day Average True Range), to move between $15.61 and $16.47, which gives a possible trading interval of +/-$0.429 (+/-2.67%) up or down from last closing price. If Suntory Beverage & Food Limited takes out the full calculated possible swing range there will be an estimated 5.34% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $16.01 (0.19%) than the resistance at $16.47 (2.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Suntory Beverage & Food Limited stock A Buy?

Suntory Beverage & Food Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.225 Hold/Accumulate Unchanged

Predicted Opening Price for Suntory Beverage & Food Limited of Monday, April 29, 2024

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