STO Express Co Ltd Stock Forecast
Green day on Monday for STO Express Co Ltd stock after gaining 0.432%
(Updated on May 13, 2024)
The STO Express Co Ltd stock price gained 0.432% on the last trading day (Monday, 13th May 2024), rising from ¥9.26 to ¥9.30. 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 2.75% from a day low at ¥9.10 to a day high of ¥9.35. The price has risen in 5 of the last 10 days and is up by 10.85% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 12 million shares were bought and sold for approximately ¥110.48 million. 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 upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ¥9.49 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 15.06% during the next 3 months and, with a 90% probability hold a price between ¥9.57 and ¥10.92 at the end of this 3-month period.
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002468.SZ Signals & Forecast
The STO Express Co Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ¥9.24 and ¥8.66. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -0.85%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for STO Express Co Ltd stock
STO Express Co Ltd finds support from accumulated volume at ¥9.23 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 ¥0.250 between high and low, or 2.75%. For the last week, the stock has had daily average volatility of 2.59%.
Our recommended stop-loss: ¥8.98 (-3.44%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (002468.SZ) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect STO Express Co Ltd to open at ¥9.25, and during the day (based on 14 day Average True Range), to move between ¥8.95 and ¥9.65, which gives a possible trading interval of +/-¥0.355 (+/-3.81%) up or down from last closing price. If STO Express Co Ltd takes out the full calculated possible swing range there will be an estimated 7.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥9.23 (0.75%) than the resistance at ¥9.38 (0.86%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
STO Express Co Ltd will release earnings BMO on Monday, May 20, 2024. We will update the financials statements for STO Express Co Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.46% in the first trading day after earnings release.
Is STO Express Co Ltd stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for STO Express Co Ltd stock to perform well in the short-term.
Current score: 3.763 Buy Candidate Unchanged
Predicted Opening Price for STO Express Co Ltd of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| ¥9.25 ( 0.538%) | ¥9.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002468.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.50 | 2.15 % | |
| R2 | 9.40 | 1.12 % | ||
| R1 | 9.35 | 0.489 % | ||
| Current price: | 9.30 | |||
| Support | S1 | 9.15 | -1.56 % | |
| S2 | 9.10 | -2.20 % | ||
| S3 | 9.00 | -3.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 9.38 | 0.86 % | ||
| Current price | 9.30 | |||
| Support | S1 | 9.23 | -0.753% | |
| S2 | 9.15 | -1.61% | ||
| S3 | 8.59 | -7.63% |
002468 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 22, 2020 | Jun 22, 2020 | Jun 22, 2020 | ¥0.100 | 0.600% |
| 2 | May 30, 2019 | May 30, 2019 | May 30, 2019 | ¥0.500 | 2.06% |
| 3 | Jun 15, 2018 | Jun 15, 2018 | Jun 15, 2018 | ¥0.200 | 0.88% |
| 4 | May 26, 2017 | May 26, 2017 | May 26, 2017 | ¥0.100 | 0.423% |
| 5 | Apr 28, 2016 | Apr 28, 2016 | Apr 28, 2016 | ¥0.0100 | 0.0361% |
FAQ
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