S.F. Holding Co Ltd Stock Forecast
Green day on Thursday for S.F. Holding Co Ltd stock after gaining 2.85%
(Updated on Apr 25, 2024)
The S.F. Holding Co Ltd stock price gained 2.85% on the last trading day (Thursday, 25th Apr 2024), rising from ¥35.09 to ¥36.09. During the last trading day the stock fluctuated 4.29% from a day low at ¥34.75 to a day high of ¥36.24. The price has risen in 6 of the last 10 days and is up by 5.74% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 10 million more shares were traded than the day before. In total, 26 million shares were bought and sold for approximately ¥938.53 million.
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 -5.31% during the next 3 months and, with a 90% probability hold a price between ¥30.44 and ¥35.81 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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002352.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 11, 2024, and so far it has risen 5.74%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The S.F. Holding Co Ltd 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 ¥36.57. On a fall, the stock will find some support from the short-term average at ¥35.19. 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 buy signal from a double bottom formation was found on Thursday, April 11, 2024 and based on theory for this formation the price should go up by 6.54% to ¥38.45 within 43 trading days since signal was issued (Friday, April 26, 2024).
Support, Risk & Stop-loss for S.F. Holding Co Ltd stock
S.F. Holding Co Ltd finds support from accumulated volume at ¥35.61 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ¥1.49 between high and low, or 4.29%. For the last week, the stock has had daily average volatility of 3.22%.
Our recommended stop-loss: ¥34.38 (-4.73%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (002352.SZ) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect S.F. Holding Co Ltd to open at ¥35.69, and during the day (based on 14 day Average True Range), to move between ¥34.93 and ¥37.25, which gives a possible trading interval of +/-¥1.16 (+/-3.21%) up or down from last closing price. If S.F. Holding Co Ltd takes out the full calculated possible swing range there will be an estimated 6.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥36.38 (0.80%) than the support at ¥35.61 (1.33%), 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.
Earnings coming up
S.F. Holding Co Ltd will release earnings BMO on Tuesday, April 30, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.350. We will update the financials statements for S.F. Holding Co Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.13% in the first trading day after earnings release.
Is S.F. Holding Co Ltd stock A Buy?
S.F. Holding Co Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.926 Hold/Accumulate Unchanged
Predicted Opening Price for S.F. Holding Co Ltd of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| ¥35.69 ( 1.10%) | ¥36.09 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002352.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 37.18 | 3.03 % | |
| R2 | 36.61 | 1.45 % | ||
| R1 | 36.26 | 0.478 % | ||
| Current price: | 36.09 | |||
| Support | S1 | 35.12 | -2.68 % | |
| S2 | 34.77 | -3.65 % | ||
| S3 | 34.20 | -5.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 39.35 | 9.03 % | |
| R2 | 38.00 | 5.29 % | ||
| R1 | 36.38 | 0.80 % | ||
| Current price | 36.09 | |||
| Support | S1 | 35.61 | -1.33% | |
| S2 | 34.84 | -3.46% | ||
| S3 | 34.41 | -4.66% |
002352 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 12, 2023 | May 12, 2023 | May 12, 2023 | ¥0.250 | 0.498% |
| 2 | Jun 15, 2022 | Jun 15, 2022 | Jun 15, 2022 | ¥0.180 | 0.349% |
| 3 | Apr 20, 2021 | Apr 20, 2021 | Apr 20, 2021 | ¥0.330 | 0.515% |
| 4 | Apr 24, 2020 | Apr 24, 2020 | Apr 24, 2020 | ¥0.270 | 0.570% |
| 5 | Apr 18, 2019 | Apr 18, 2019 | Apr 18, 2019 | ¥0.210 | 0.604% |
FAQ
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