Fuji Heavy Industries Ltd Stock Forecast
Fuji Heavy Industries Ltd stock downgraded from Buy Candidate to Sell Candidate after Thursday trading session.
(Updated on Apr 18, 2024)
The Fuji Heavy Industries Ltd stock price fell by -0.89% on the last day (Thursday, 18th Apr 2024) from $11.19 to $11.09. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.89% from a day low at $11.05 to a day high of $11.48. The price has been going up and down for this period, and there has been a -1.07% loss for the last 2 weeks. Volume has increased on the last day by 18 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, 45 thousand shares were bought and sold for approximately $496.74 thousand.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $10.89 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 13.56% during the next 3 months and, with a 90% probability hold a price between $12.37 and $13.77 at the end of this 3-month period.
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FUJHY Signals & Forecast
There are few to no technical positive signals at the moment. The Fuji Heavy Industries Ltd 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 $11.40 and $11.14. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -4.55%. 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). Fuji Heavy Industries Ltd gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Fuji Heavy Industries Ltd stock
Fuji Heavy Industries Ltd finds support from accumulated volume at $10.84 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.430 between high and low, or 3.89%. For the last week the stock has had daily average volatility of 2.67%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FUJHY) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Fuji Heavy Industries Ltd to open at $11.21, and during the day (based on 14 day Average True Range), to move between $10.79 and $11.39, which gives a possible trading interval of +/-$0.301 (+/-2.72%) up or down from last closing price. If Fuji Heavy Industries Ltd takes out the full calculated possible swing range there will be an estimated 5.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $11.17 (0.72%) than the support at $10.84 (2.25%), 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 Fuji Heavy Industries Ltd stock A Buy?
The Fuji Heavy Industries Ltd stock holds several negative signals and despite the positive trend, we believe Fuji Heavy Industries Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -3.206 Sell Candidate Downgraded
Predicted Opening Price for Fuji Heavy Industries Ltd of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $11.21 ( 1.05%) | $11.09 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FUJHY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.64 | 4.93 % | |
| R2 | 11.47 | 3.45 % | ||
| R1 | 11.37 | 2.53 % | ||
| Current price: | 11.09 | |||
| Support | S1 | 11.04 | -0.429 % | |
| S2 | 10.94 | -1.34 % | ||
| S3 | 10.78 | -2.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.28 | 1.71 % | |
| R2 | 11.24 | 1.35 % | ||
| R1 | 11.17 | 0.721 % | ||
| Current price | 11.09 | |||
| Support | S1 | 10.84 | -2.25% | |
| S2 | 10.49 | -5.41% | ||
| S3 | 9.99 | -9.92% |
FUJHY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 28, 2023 | Sep 28, 2023 | Dec 21, 2023 | $0.0988 | 1.10% |
| 2 | Mar 29, 2023 | Mar 29, 2023 | Jul 07, 2023 | $0.0841 | 0.92% |
| 3 | Aug 28, 2022 | Sep 29, 2022 | Dec 21, 2022 | $0.0900 | 1.16% |
| 4 | Sep 27, 2006 | Sep 27, 2006 | Sep 27, 2006 | $0.0192 | 0.687% |
| 5 | Mar 28, 2006 | Mar 28, 2006 | Mar 28, 2006 | $0.0193 | 0.654% |
FAQ
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