ORGANO CORPORATION Stock Forecast
ORGANO CORPORATION stock downgraded from Buy Candidate to Sell Candidate after Friday trading session.
(Updated on Apr 19, 2024)
The ORGANO CORPORATION stock price fell by -2.93% on the last day (Friday, 19th Apr 2024) from JP¥7,500.00 to JP¥7,280.00. During the last trading day the stock fluctuated 5.25% from a day low at JP¥7,050.00 to a day high of JP¥7,420.00. The price has risen in 6 of the last 10 days and is up by 4.15% over the past 2 weeks. Volume has increased on the last day by 232 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, 730 thousand shares were bought and sold for approximately JP¥5.31 billion.
The stock lies in the lower part of a very 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 JP¥7,040.58 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 16.24% during the next 3 months and, with a 90% probability hold a price between JP¥8,184.12 and JP¥10,248.41 at the end of this 3-month period.
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6368.T Signals & Forecast
There are mixed signals in the stock today. The ORGANO CORPORATION stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥7,435.14. On a fall, the stock will find some support from the short-term average at JP¥7,260.00. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, March 04, 2024, and so far it has fallen -10.67%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for ORGANO CORPORATION stock
ORGANO CORPORATION finds support from accumulated volume at JP¥7,270.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥370.00 (5.25%) between high and low. For the last week, the stock has had daily average volatility of 5.07%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6368.T) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect ORGANO CORPORATION to open at JP¥7,250.00, and during the day (based on 14 day Average True Range), to move between JP¥6,938.26 and JP¥7,621.74, which gives a possible trading interval of +/-JP¥341.74 (+/-4.69%) up or down from last closing price. If ORGANO CORPORATION takes out the full calculated possible swing range there will be an estimated 9.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥7,270.00 (0.14%) than the resistance at JP¥7,300.00 (0.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ORGANO CORPORATION stock A Buy?
ORGANO CORPORATION holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, 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: -4.098 Sell Candidate Downgraded
Predicted Opening Price for ORGANO CORPORATION of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| JP¥7,250.00 ( 0.412%) | JP¥7,280.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6368.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7,620.00 | 4.67 % | |
| R2 | 7,478.66 | 2.73 % | ||
| R1 | 7,391.34 | 1.53 % | ||
| Current price: | 7,280.00 | |||
| Support | S1 | 7,108.66 | -2.35 % | |
| S2 | 7,021.34 | -3.55 % | ||
| S3 | 6,880.00 | -5.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8,150.00 | 11.95 % | |
| R2 | 7,500.00 | 3.02 % | ||
| R1 | 7,300.00 | 0.275 % | ||
| Current price | 7,280.00 | |||
| Support | S1 | 7,270.00 | -0.137% | |
| S2 | 6,430.00 | -11.68% | ||
| S3 | 6,280.00 | -13.74% |
6368 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥33.00 | 0.93% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥29.00 | 1.34% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥22.00 | 0.86% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥18.00 | 1.05% |
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