Bridgestone Corp (ADR) Stock Forecast
Bridgestone Corp (ADR) stock price ended at $21.50 on Thursday, after losing 0.601%.
(Updated on Apr 25, 2024)
The Bridgestone Corp (ADR) stock price fell by -0.601% on the last day (Thursday, 25th Apr 2024) from $21.63 to $21.50. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 0.96% from a day low at $21.33 to a day high of $21.53. The price has been going up and down for this period, and there has been a -0.59% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -26 thousand shares and in total, 40 thousand shares were bought and sold for approximately $856.39 thousand.
The stock lies in the lower part of a narrow and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $21.49 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 2.62% during the next 3 months and, with a 90% probability hold a price between $22.06 and $23.11 at the end of this 3-month period.
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BRDCY Signals & Forecast
The Bridgestone Corp (ADR) 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 $21.75 and $21.60. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 0.420%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Bridgestone Corp (ADR) stock
Bridgestone Corp (ADR) finds support from accumulated volume at $21.46 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.204 between high and low, or 0.96%. For the last week the stock has had daily average volatility of 1.35%
Our recommended stop-loss: $20.21 (-5.99%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (BRDCY) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Bridgestone Corp (ADR) to open at $21.45, and during the day (based on 14 day Average True Range), to move between $21.01 and $21.99, which gives a possible trading interval of +/-$0.488 (+/-2.27%) up or down from last closing price. If Bridgestone Corp (ADR) takes out the full calculated possible swing range there will be an estimated 4.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $21.46 (0.19%) than the resistance at $21.79 (1.35%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Bridgestone Corp (ADR) stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.366 Buy Candidate Unchanged
Predicted Opening Price for Bridgestone Corp (ADR) of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $21.45 ( 0.223%) | $21.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BRDCY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.66 | 0.726 % | |
| R2 | 21.58 | 0.363 % | ||
| R1 | 21.53 | 0.139 % | ||
| Current price: | 21.50 | |||
| Support | S1 | 21.37 | -0.586 % | |
| S2 | 21.33 | -0.81 % | ||
| S3 | 21.25 | -1.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.31 | 3.77 % | |
| R2 | 22.02 | 2.42 % | ||
| R1 | 21.79 | 1.35 % | ||
| Current price | 21.50 | |||
| Support | S1 | 21.46 | -0.186% | |
| S2 | 21.37 | -0.605% | ||
| S3 | 21.14 | -1.67% |
BRDCY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 28, 2023 | Dec 28, 2023 | Mar 01, 2024 | $0.309 | 1.44% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Sep 18, 2023 | $0.245 | 1.22% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Apr 13, 2023 | $0.243 | 1.22% |
| 4 | Jun 29, 2022 | Jun 29, 2022 | Sep 18, 2023 | $0.222 | 1.10% |
| 5 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | $0.349 | 1.62% |
FAQ
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