MAZDA MOTOR CORP Stock Forecast
Green day on Wednesday for MAZDA MOTOR CORP
(Updated on Apr 24, 2024)
The MAZDA MOTOR CORP stock price gained 1.11% on the last trading day (Wednesday, 24th Apr 2024), rising from $5.42 to $5.48. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.85% from a day low at $5.46 to a day high of $5.67. The price has risen in 6 of the last 10 days but is still down by -4.86% for this period. Volume fell on the last day by -65 thousand shares and in total, 65 thousand shares were bought and sold for approximately $356.80 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.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.46% during the next 3 months and, with a 90% probability hold a price between $4.64 and $5.64 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
MZDAY Signals & Forecast
There are few to no technical positive signals at the moment. The MAZDA MOTOR CORP 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 $5.48 and $5.66. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -7.59%. 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 also not. The stock had a Golden Star Signal on Friday, November 03, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, November 03, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for MAZDA MOTOR CORP stock
MAZDA MOTOR CORP finds support from accumulated volume at $5.46 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.210 between high and low, or 3.85%. For the last week the stock has had daily average volatility of 2.73%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MZDAY) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect MAZDA MOTOR CORP to open at $5.54, and during the day (based on 14 day Average True Range), to move between $5.28 and $5.68, which gives a possible trading interval of +/-$0.199 (+/-3.62%) up or down from last closing price. If MAZDA MOTOR CORP takes out the full calculated possible swing range there will be an estimated 7.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.46 (0.36%) than the resistance at $5.70 (4.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is MAZDA MOTOR CORP stock A Buy?
MAZDA MOTOR CORP holds several negative signals and is within a 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: -1.334 Sell Candidate Unchanged
Predicted Opening Price for MAZDA MOTOR CORP of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $5.54 ( 1.03%) | $5.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MZDAY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.75 | 4.87 % | |
| R2 | 5.67 | 3.40 % | ||
| R1 | 5.62 | 2.50 % | ||
| Current price: | 5.48 | |||
| Support | S1 | 5.46 | -0.430 % | |
| S2 | 5.41 | -1.33 % | ||
| S3 | 5.33 | -2.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.82 | 6.20 % | |
| R2 | 5.78 | 5.47 % | ||
| R1 | 5.70 | 4.01 % | ||
| Current price | 5.48 | |||
| Support | S1 | 5.46 | -0.365% | |
| S2 | 5.42 | -1.09% | ||
| S3 | 5.39 | -1.64% |
MZDAY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 28, 2023 | Sep 28, 2023 | Dec 18, 2023 | $0.0579 | 1.09% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Jul 13, 2023 | $0.0596 | 1.29% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Dec 19, 2022 | $0.0518 | 1.36% |
FAQ
Click here for our free guide on how to buy MAZDA MOTOR CORP Stock.
