BRDCY Forecast and Technical Stock Analysis
Sell candidate since 2019-08-19
Bridgestone Corp (ADR) fell by -0.91% in the last day ( Monday, 19th Aug 2019 ) from $18.65 to $18.48 During the day the stock fluctuated 0.46% from a day low at $18.46 to a day high of $18.54. The price has risen in 6 of the last 10 days , but is still down by -0.91% 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 -29 046 shares and in total 24 415 shares bought and sold for approximately $451 189.00.
- 30 day high of the BRDCY stock price was $19.81 and low was $18.19.
- 90 day high was $20.04 and low was $18.19.
- 52 week high for Bridgestone Corp (ADR) - $20.41 and low - $17.61.
Bridgestone Corp (ADR) is at the lower part of a horizontal trend on short term, and normally this would pose a good buying opportunity, though a break down through the bottom trend line at $18.39 will give a strong sales signal and a trend shift may be expected. Given the current horizontal trend, you can expect Bridgestone Corp (ADR) with a 90% probability to be traded between $18.21 and $19.49 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.
A buy signal was issued from a pivot bottom point on Friday August 09, 2019, which indicates further gains until a new top pivot has been found. 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 $18.55 and $19.11. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 42 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Bridgestone Corp (ADR) finds support from accumulated volume at $18.41.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
1.06 %Average volatility
Very Low Low Medium High Very High
Bridgestone Corp (ADR) holds several negative signals and is within a 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 recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.
|BRDCY $18.48 ($-0.17 -0.91%)|
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