Fujitsu Ltd ADR Stock Forecast
Red day on Thursday for Fujitsu Ltd ADR
(Updated on Apr 18, 2024)
The Fujitsu Ltd ADR stock price fell by -0.498% on the last day (Thursday, 18th Apr 2024) from $16.05 to $15.97. During the last trading day the stock fluctuated 3.54% from a day low at $15.60 to a day high of $16.15. The price has been going up and down for this period, and there has been a 0.63% gain for the last 2 weeks. Volume has increased on the last day by 492 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 626 thousand shares were bought and sold for approximately $10.00 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $14.14 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -25.60% during the next 3 months and, with a 90% probability hold a price between $10.52 and $23.19 at the end of this 3-month period.
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FJTSY Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 0.630%. Further rise is indicated 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. The Fujitsu Ltd ADR stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell 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 $16.12 and $26.72. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Fujitsu Ltd ADR stock
Fujitsu Ltd ADR finds support from accumulated volume at $15.87 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.552 between high and low, or 3.54%. For the last week, the stock has had daily average volatility of 3.27%.
Fujitsu Ltd ADR is oversold on RSI14 (4). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FJTSY) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Fujitsu Ltd ADR to open at $15.91, and during the day (based on 14 day Average True Range), to move between $14.75 and $17.19, which gives a possible trading interval of +/-$1.22 (+/-7.64%) up or down from last closing price. If Fujitsu Ltd ADR takes out the full calculated possible swing range there will be an estimated 15.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $15.87 (0.63%) than the resistance at $16.23 (1.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Fujitsu Ltd ADR stock A Buy?
Fujitsu Ltd ADR holds several negative signals and is within a very wide and 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.
Current score: -4.750 Sell Candidate Unchanged
Predicted Opening Price for Fujitsu Ltd ADR of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $15.91 ( 0.392%) | $15.97 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FJTSY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.46 | 3.06 % | |
| R2 | 16.25 | 1.74 % | ||
| R1 | 16.12 | 0.93 % | ||
| Current price: | 15.97 | |||
| Support | S1 | 15.70 | -1.71 % | |
| S2 | 15.57 | -2.53 % | ||
| S3 | 15.36 | -3.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.34 | 2.29 % | |
| R2 | 16.24 | 1.69 % | ||
| R1 | 16.23 | 1.63 % | ||
| Current price | 15.97 | |||
| Support | S1 | 15.87 | -0.626% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FJTSY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 28, 2023 | Sep 28, 2023 | Dec 14, 2023 | $0.104 | 0.700% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Jun 20, 2023 | $0.108 | 0.83% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Dec 14, 2022 | $0.108 | 0.794% |
| 4 | Sep 27, 2006 | Sep 27, 2006 | Sep 27, 2006 | $0.0512 | 0.327% |
| 5 | Mar 28, 2006 | Mar 28, 2006 | Mar 28, 2006 | $0.0512 | 0.631% |
FAQ
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