Western Securities Co Ltd Stock Forecast
Western Securities Co Ltd stock price ended at ¥7.42 on Monday, after gaining 0.270%.
(Updated on May 06, 2024)
The Western Securities Co Ltd stock price gained 0.270% on the last trading day (Monday, 6th May 2024), rising from ¥7.40 to ¥7.42. During the last trading day the stock fluctuated 2.31% from a day low at ¥7.36 to a day high of ¥7.53. The price has fallen in 6 of the last 10 days but is still up by 1.92% over the past 2 weeks. Volume fell on the last day by -46 million shares and in total, 100 million shares were bought and sold for approximately ¥744.71 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 middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.00% during the next 3 months and, with a 90% probability hold a price between ¥7.21 and ¥8.69 at the end of this 3-month period.
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002673.SZ Signals & Forecast
Mostly positive signals in the chart today. The Western Securities 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 ¥7.28 and ¥7.10. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 27, 2024, and so far it has risen 10.75%. 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 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.
Support, Risk & Stop-loss for Western Securities Co Ltd stock
Western Securities Co Ltd finds support from accumulated volume at ¥7.39 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 ¥0.170 between high and low, or 2.31%. For the last week, the stock has had daily average volatility of 6.21%.
Our recommended stop-loss: ¥7.07 (-4.66%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (002673.SZ) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Western Securities Co Ltd to open at ¥7.44, and during the day (based on 14 day Average True Range), to move between ¥7.05 and ¥7.79, which gives a possible trading interval of +/-¥0.366 (+/-4.93%) up or down from last closing price. If Western Securities Co Ltd takes out the full calculated possible swing range there will be an estimated 9.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥7.39 (0.40%) than the resistance at ¥7.59 (2.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Western Securities 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 Western Securities Co Ltd stock to perform well in the short-term.
Current score: 4.179 Buy Candidate Unchanged
Predicted Opening Price for Western Securities Co Ltd of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ¥7.44 ( 0.225%) | ¥7.42 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002673.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.61 | 2.52 % | |
| R2 | 7.54 | 1.64 % | ||
| R1 | 7.50 | 1.10 % | ||
| Current price: | 7.42 | |||
| Support | S1 | 7.37 | -0.651 % | |
| S2 | 7.33 | -1.19 % | ||
| S3 | 7.27 | -2.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.97 | 7.41 % | |
| R2 | 7.83 | 5.53 % | ||
| R1 | 7.59 | 2.29 % | ||
| Current price | 7.42 | |||
| Support | S1 | 7.39 | -0.404% | |
| S2 | 7.27 | -2.02% | ||
| S3 | 6.43 | -13.34% |
002673 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2023 | Jun 28, 2023 | Jun 28, 2023 | ¥0.0490 | 0.778% |
| 2 | Jun 28, 2022 | Jun 28, 2022 | Jun 28, 2022 | ¥0.107 | 1.62% |
| 3 | Jun 25, 2021 | Jun 25, 2021 | Jun 25, 2021 | ¥0.0760 | 0.91% |
| 4 | Jun 11, 2020 | Jun 11, 2020 | Jun 11, 2020 | ¥0.0630 | 0.793% |
| 5 | Jul 11, 2019 | Jul 11, 2019 | Jul 11, 2019 | ¥0.0580 | 0.596% |
FAQ
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