EN
Takip Edin: @UscMarketsCAJPY Stock Forecast & Canon Chart Analysis
This article provides a detailed analysis of CAJPY-Canon Inc. stock including a forecast for CAJPY shares. It features Canon Inc. technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
CAJPY Historical Data Review
CAJPY Current Price Performance Analysis
The Canon - CAJPY stock traded on the American stock market, on 06-05-2024, closed at 29.06$ with a %-2.61 decreased compared to the previous day.
In the last month, the price of CAJPY changed by %4.12 increased in value, from 27.91 dollars on 05-06-2024 to 29.06 dollars, increased.
Last year, the price of CAJPY was 25.65 dollars on 06-06-2023, and changed by %13.29 increased in value, to 29.06 dollars increased within a year.
The price of Canon stock is riding high above the 50-day and 100-day moving averages. This means it's on a positive run for now, great news for those who got in early. But let's not take our eyes off the ball; no stock climbs forever.
CAJPY with AI Stock Forecast & Price Target
On the CAJPY chart Canon price was recorded as 29.06 Dollars on 06/05/2024.
The artificial intelligence's forecast on CAJPY stock is as follows.
The artificial intelligence's prediction error margin for CAJPY stock is very high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Canon stock over the next 4 months is: 28.5 Dollars.
The commentary on CAJPY stock Target Price: Highest: 30.333 Dollars is predicted.
The commentary on CAJPY stock Target Price: Lowest: 27.023 Dollars is predicted.
Resistance Price where Canon stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 08-29-2024 | 27.286 |
| 12-12-2024 | 29.897 |
Support Price where Canon stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-09-2024 | 27.023 |
| 09-23-2024 | 27.231 |
| 02-05-2025 | 28.424 |
The commentary on CAJPY stock: Fluctuations in the target price can be expected in the coming days.
The target price for Canon stock by the end of 2024 is predicted to be 29.634 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on CAJPY stock, and the 2024 target price predictions for Canon are detailed above.
The technical analysis and charts for the commentary on CAJPY stock are below.
CAJPY Support & Resistance and Trend Analysis
CAJPY stock you have reviewed the technical analysis support resistance charts regarding.
CAJPY : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the CAJPY review, the Canon support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Canon Support and Resistance Prices:
| CAJPY Support Level Price | CAJPY Resistance Level Price |
|---|---|
| 23.95 | 25.70 |
| 24.82 | 26.11 |
| 25.14 | 26.36 |
| 25.91 | 26.50 |
| 26.80 | 26.82 |
| 27.06 | 28.07 |
| 27.38 | 28.47 |
| 29.00 | 28.94 |
| 30.30 | |
| 31.56 |
CAJPY Technical Analysis: SMA, RSI, MACD
Upon reviewing the CAJPY chart, buy and sell signals have been generated in the Canon technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for CAJPY stock are as follows:- The technical analysis for CAJPY indicates that the 14-period RSI has most recently generated a 'Sell' signal.
- The technical analysis for CAJPY indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Buy' signal.
- The technical analysis for Canon issued a 'Buy' signal when the MACD was at -0.422, with the current MACD value being: 0.301
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Canon stock: Click here to read more predictions on Canon stock.
Click here for price target predictions and technical analysis charts of other American stocks