Bridgestone Corp (ADR) Stock Analysis
Technical stock analysis for 22 January 2019
Bridgestone Corp (ADR) fell by -2.72% in the last day from $19.66 to $19.13 The price has fallen in 6 of the last 10 days and is down by -2.77% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -20 979 shares and in total 90 518 shares bought and sold for approximately $1.73 million.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the BRDCY stock was $19.13. This is 2.72% less than the trading day before Friday, 18th Jan 2019.
During day the stock fluctuated 1.47% from a day low at $19.00 to a day high of $19.28.
30 day high of the BRDCY stock price was $19.85 and low was $18.53.
90 day high was $20.41 and low was $18.20.
52 week high for the Bridgestone Corp (ADR) - $25.08 and low - $17.61.
Bridgestone Corp (ADR) lies in the lower part of a weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $18.98 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.73% during the next 3 months and, with 90% probability hold a price between $19.69 and $21.45 at the end of this period.
There are few to none technical positive signals at the moment. 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 $19.49 and $19.59. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday January 09, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSI14 is 49 and the stock is currently not being overbought or oversold
Support & Resistance
Bridgestone Corp (ADR) finds support from accumulated volume at $19.01.
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 $0.28 (1.47%) between high and low. For the last week, the stock has had a daily average volatility of 1.23%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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The Bridgestone Corp (ADR) stock holds several negative signals and despite the positive trend we believe Bridgestone Corp (ADR) will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
|BRDCY $19.13 $-0.54(-2.72%)|
BRDCY is down $0.54 today, but where's it headed in 2019?
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