Denso Corp Ltd ADR Stock Forecast
Denso Corp Ltd ADR stock price ended at $19.02 on Monday, after gaining 0.105%.
(Updated on Apr 15, 2024)
The Denso Corp Ltd ADR stock price gained 0.105% on the last trading day (Monday, 15th Apr 2024), rising from $19.00 to $19.02. During the last trading day the stock fluctuated 1.79% from a day low at $19.01 to a day high of $19.35. The price has risen in 6 of the last 10 days and is up by 2.91% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 14 thousand more shares were traded than the day before. In total, 26 thousand shares were bought and sold for approximately $490.24 thousand.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $18.91 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 24.86% during the next 3 months and, with a 90% probability hold a price between $23.62 and $25.79 at the end of this 3-month period.
DNZOY Signals & Forecast
The Denso Corp Ltd ADR stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $19.03. On a fall, the stock will find some support from the long-term average at approximately $18.73. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Denso Corp Ltd ADR has increased 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. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -2.58%. 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).
Support, Risk & Stop-loss for Denso Corp Ltd ADR stock
On the downside, the stock finds support just below today's level from accumulated volume at $16.47 and $16.25. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Denso Corp Ltd ADR finds support just below today's level at $16.47. If this is broken, then the next support from accumulated volume will be at $16.25 and $15.74.
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 $0.340 (1.79%) between high and low. For the last week, the stock has had daily average volatility of 2.05%.
Our recommended stop-loss: $18.22 (-4.19%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (DNZOY) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Denso Corp Ltd ADR to open at $19.13, and during the day (based on 14 day Average True Range), to move between $18.57 and $19.47, which gives a possible trading interval of +/-$0.446 (+/-2.35%) up or down from last closing price. If Denso Corp Ltd ADR takes out the full calculated possible swing range there will be an estimated 4.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $19.28 (1.37%) than the support at $16.47 (13.41%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Denso Corp Ltd ADR stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Denso Corp Ltd ADR stock to perform well in the short-term.
Current score: 4.064 Buy Candidate Unchanged
Predicted Opening Price for Denso Corp Ltd ADR of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $19.13 ( 0.561%) | $19.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DNZOY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.47 | 2.35 % | |
| R2 | 19.34 | 1.67 % | ||
| R1 | 19.26 | 1.24 % | ||
| Current price: | 19.02 | |||
| Support | S1 | 19.00 | -0.122 % | |
| S2 | 18.92 | -0.544 % | ||
| S3 | 18.79 | -1.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.32 | 1.58 % | |
| R2 | 19.31 | 1.52 % | ||
| R1 | 19.28 | 1.37 % | ||
| Current price | 19.02 | |||
| Support | S1 | 16.47 | -13.41% | |
| S2 | 16.25 | -14.56% | ||
| S3 | 15.74 | -17.25% |
DNZOY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 28, 2023 | Sep 28, 2023 | Nov 01, 2023 | $0.308 | 1.96% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Jun 09, 2023 | $0.117 | 0.715% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | $0.323 | 2.69% |
| 4 | Mar 29, 2022 | Mar 29, 2022 | Mar 29, 2022 | $0.333 | 2.03% |
| 5 | Sep 28, 2021 | Sep 28, 2021 | Dec 10, 2021 | $0.352 | 1.82% |
FAQ
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