Previous Hold Today BRDCY ranks #2515 as HOLD CANDIDATE. Next Hold
Today BRDCY ranks #2515 as HOLD CANDIDATE.

BRDCY stock Bridgestone Corp (ADR)

BRDCY stock
Bridgestone Corp (ADR)

March 15, 2019
Change 2.44%
Chart period: 2018-12-17 - 2019-03-15
VOLUME
Buy
TREND
Hold

MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

Will BRDCY stock price go up or down on Tue, 19 Mar 2019?

Bridgestone Corp (ADR) Forecast and Stock Analysis

Technical BRDCY stock analysis for March 15, 2019.

Hold candidate since 2019-03-14 Gain 2.44%

Bridgestone Corp (ADR) gained 2.44% in the last trading day, rising from $18.66 to $19.11 The price has fallen in 8 of the last 10 days and is down by -4.02% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 7 503 more shares were traded than the day before. In total, 47 586 shares bought and sold for approximately $909 368.00.

Close price at the end of the last trading day (Friday, 15th Mar 2019) of the BRDCY stock was $19.11. This is 2.44% more than the trading day before Thursday, 14th Mar 2019.

During day the stock fluctuated 0.63% from a day low at $19.03 to a day high of $19.15.

30 day high of the BRDCY stock price was $20.16 and low was $18.61.
90 day high was $20.16 and low was $18.39.
52 week high for the Bridgestone Corp (ADR) - $22.56 and low - $17.61.

Trend

Given the current horizontal trend you can expect Bridgestone Corp (ADR) with 90% probability to be traded between $18.55 and $20.23 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Click here for today's Top 5 Trending Companies

Signals

A buy signal was issued from a pivot bottom point on Thursday March 14, 2019, which indicates further gains until a new top pivot has been found. Bridgestone Corp (ADR) has rising 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. Bridgestone Corp (ADR) holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $19.22 and $19.36. A break-up above any of these levels will issue buy signals.

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Relative Strength Index (RSI)

The stock currently holds a RSI14 at 29 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

Bridgestone Corp (ADR) finds support from accumulated volume at $19.05.

Support: $19.05 Price: $19.11 Resistance: $19.19

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.12 (0.63%) between high and low. For the last week, the stock has had a daily average volatility of 1.53%.

Bridgestone Corp (ADR) is oversold on RSI14 (29). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stoploss: $18.02 (-5.70%) (This stock has low daily movements and this gives low risk. Low RSI14 is 29 which reduces the risk some. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Hold/Accumulate

Bridgestone Corp (ADR) holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development.

Previous Hold Today BRDCY ranks #2515 as HOLD CANDIDATE. Next Hold
Today BRDCY ranks #2515 as HOLD CANDIDATE.