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Takip Edin: @UscMarketsSFTBY Stock Forecast & SoftBank Group Corp. Chart Analysis
This article provides a detailed analysis of SFTBY-SoftBank Group Corp. stock including a forecast for SFTBY shares. It features SoftBank Group Corp. 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
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SFTBY Historical Data Review
SFTBY Current Price Performance Analysis
The SoftBank Group Corp. - SFTBY stock traded on the American stock market, on 06-05-2024, closed at 31.21$ with a %8.37 increased compared to the previous day.
In the last month, the price of SFTBY changed by %19.26 increased in value, from 26.17 dollars on 05-06-2024 to 31.21 dollars, increased.
Last year, the price of SFTBY was 21.96 dollars on 06-06-2023, and changed by %42.12 increased in value, to 31.21 dollars increased within a year.
The price of SoftBank Group Corp. 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.
SFTBY with AI Stock Forecast & Price Target
On the SFTBY chart SoftBank Group Corp. price was recorded as 31.21 Dollars on 06/05/2024.
The artificial intelligence's forecast on SFTBY stock is as follows.
The artificial intelligence's prediction error margin for SFTBY 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 SoftBank Group Corp. stock over the next 4 months is: 25.2 Dollars.
The commentary on SFTBY stock Target Price: Highest: 26.913 Dollars is predicted.
The commentary on SFTBY stock Target Price: Lowest: 23.98 Dollars is predicted.
Resistance Price where SoftBank Group Corp. stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 08-09-2024 | 24.106 |
| 08-29-2024 | 24.120 |
| 10-08-2024 | 24.898 |
| 12-02-2024 | 26.913 |
| 02-20-2025 | 25.692 |
Support Price where SoftBank Group Corp. stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 07-30-2024 | 23.980 |
| 08-14-2024 | 24.064 |
| 09-03-2024 | 24.014 |
| 10-23-2024 | 24.698 |
| 01-21-2025 | 25.049 |
| 03-27-2025 | 24.114 |
The commentary on SFTBY stock: Fluctuations in the target price can be expected in the coming days.
The target price for SoftBank Group Corp. stock by the end of 2024 is predicted to be 26.089 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on SFTBY stock, and the 2024 target price predictions for SoftBank Group Corp. are detailed above.
The technical analysis and charts for the commentary on SFTBY stock are below.
SFTBY Support & Resistance and Trend Analysis
SFTBY stock you have reviewed the technical analysis support resistance charts regarding.
SFTBY : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the SFTBY review, the SoftBank Group Corp. 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.
SoftBank Group Corp. Support and Resistance Prices:
| SFTBY Support Level Price | SFTBY Resistance Level Price |
|---|---|
| 18.78 | 21.07 |
| 19.24 | 22.85 |
| 20.60 | 22.93 |
| 21.52 | 26.49 |
| 23.75 | 30.21 |
| 23.92 | 31.00 |
| 26.85 | 31.04 |
| 28.34 |
SFTBY Technical Analysis: SMA, RSI, MACD
Upon reviewing the SFTBY chart, buy and sell signals have been generated in the SoftBank Group Corp. 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 SFTBY stock are as follows:- The technical analysis for SFTBY indicates that the 14-period RSI has most recently generated a 'Sell' signal.
- The technical analysis for SFTBY indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Buy' signal.
- The technical analysis for SoftBank Group Corp. issued a 'Buy' signal when the MACD was at -0.971, with the current MACD value being: 0.865
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 SoftBank Group Corp. stock: Click here to read more predictions on Infosys Limited stock.
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