Ebara Corp Ltd ADR Stock Forecast
Green day on Wednesday for Ebara Corp Ltd ADR
(Updated on Apr 17, 2024)
The Ebara Corp Ltd ADR stock price gained 0.355% on the last trading day (Wednesday, 17th Apr 2024), rising from $42.30 to $42.45. During the last trading day the stock fluctuated 0% from a day low at $42.45 to a day high of $42.45. The price has been going up and down for this period, and there has been a -4.05% loss for the last 2 weeks. Volume fell on the last day by -1 thousand shares and in total, 283 shares were bought and sold for approximately $12.01 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Given the current short-term trend, the stock is expected to rise 48.11% during the next 3 months and, with a 90% probability hold a price between $62.87 and $80.10 at the end of this 3-month period.
EBCOY Signals & Forecast
There are few to no technical positive signals at the moment. The Ebara Corp Ltd 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 $44.21 and $44.12. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 12, 2024, and so far it has fallen -9.68%. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Ebara Corp Ltd ADR stock
Ebara Corp Ltd ADR finds support from accumulated volume at $42.20 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 controlled movements and therefore the general risk is considered 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.31%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EBCOY) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Ebara Corp Ltd ADR to open at $42.45, and during the day (based on 14 day Average True Range), to move between $41.21 and $43.69, which gives a possible trading interval of +/-$1.24 (+/-2.93%) up or down from last closing price. If Ebara Corp Ltd ADR takes out the full calculated possible swing range there will be an estimated 5.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $42.20 (0.59%) than the resistance at $42.82 (0.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ebara Corp Ltd ADR stock A Buy?
The Ebara Corp Ltd ADR stock holds several negative signals and despite the positive trend, we believe Ebara Corp Ltd ADR will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.787 Sell Candidate Unchanged
Predicted Opening Price for Ebara Corp Ltd ADR of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $42.45 ( 0%) | $42.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EBCOY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42.45 | . | |
| R2 | 42.45 | . | ||
| R1 | 42.45 | . | ||
| Current price: | 42.45 | |||
| Support | S1 | 42.45 | . | |
| S2 | 42.45 | . | ||
| S3 | 42.45 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 43.51 | 2.50 % | |
| R2 | 43.09 | 1.51 % | ||
| R1 | 42.82 | 0.87 % | ||
| Current price | 42.45 | |||
| Support | S1 | 42.20 | -0.589% | |
| S2 | 32.96 | -22.36% | ||
| S3 | 32.21 | -24.13% |
EBCOY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 28, 2023 | Dec 28, 2023 | Apr 01, 2024 | $0.292 | 0.660% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Sep 27, 2023 | $0.227 | 0.96% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Apr 13, 2023 | $0.292 | 1.28% |
| 4 | Jun 29, 2022 | Jun 29, 2022 | Sep 27, 2022 | $0.196 | 1.20% |
| 5 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | $0.463 | 1.70% |
FAQ
Click here for our free guide on how to buy Ebara Corp Ltd ADR Stock.
