MLS Co Ltd Stock Forecast
MLS Co Ltd stock upgraded to Hold/Accumulate.
(Updated on May 31, 2024)
The MLS Co Ltd stock price gained 0.84% on the last trading day (Friday, 31st May 2024), rising from ¥8.30 to ¥8.37. It has now gained 4 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 2.05% from a day low at ¥8.28 to a day high of ¥8.45. The price has risen in 7 of the last 10 days but is still down by -0.36% for this period. Volume fell on the last day by -372 thousand shares and in total, 11 million shares were bought and sold for approximately ¥88.47 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 strong 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 11.45% during the next 3 months and, with a 90% probability hold a price between ¥9.06 and ¥9.90 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
002745.SZ Signals & Forecast
The MLS Co Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ¥8.26 and ¥8.33. A breakdown below any of these levels will issue sell signals. 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 Tuesday, May 21, 2024, and so far it has fallen -4.56%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for MLS Co Ltd stock
MLS Co Ltd finds support from accumulated volume at ¥8.18 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 ¥0.170 (2.05%) between high and low. For the last week, the stock has had daily average volatility of 2.60%.
Our recommended stop-loss: ¥8.04 (-4.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 25 days ago.)
Trading Expectations (002745.SZ) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect MLS Co Ltd to open at ¥8.37, and during the day (based on 14 day Average True Range), to move between ¥8.09 and ¥8.65, which gives a possible trading interval of +/-¥0.284 (+/-3.40%) up or down from last closing price. If MLS Co Ltd takes out the full calculated possible swing range there will be an estimated 6.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥8.40 (0.36%) than the support at ¥8.18 (2.27%), 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.
Is MLS Co Ltd stock A Buy?
MLS Co Ltd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.744 Hold/Accumulate Upgraded
Predicted Opening Price for MLS Co Ltd of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ¥8.37 ( 0.0398%) | ¥8.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002745.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.54 | 1.99 % | |
| R2 | 8.47 | 1.22 % | ||
| R1 | 8.43 | 0.736 % | ||
| Current price: | 8.37 | |||
| Support | S1 | 8.30 | -0.82 % | |
| S2 | 8.26 | -1.30 % | ||
| S3 | 8.20 | -2.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.70 | 3.94 % | |
| R2 | 8.41 | 0.478 % | ||
| R1 | 8.40 | 0.358 % | ||
| Current price | 8.37 | |||
| Support | S1 | 8.18 | -2.27% | |
| S2 | 8.15 | -2.63% | ||
| S3 | 8.10 | -3.23% |
002745 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 22, 2024 | May 22, 2024 | May 22, 2024 | ¥0.338 | 4.01% |
| 2 | May 29, 2023 | May 29, 2023 | May 29, 2023 | ¥0.100 | 1.12% |
| 3 | May 27, 2022 | May 27, 2022 | May 27, 2022 | ¥0.138 | 1.58% |
| 4 | Jun 18, 2021 | Jun 18, 2021 | Jun 18, 2021 | ¥0.126 | 0.89% |
| 5 | Jun 10, 2020 | Jun 10, 2020 | Jun 10, 2020 | ¥0.150 | 1.12% |
FAQ
Click here for our free guide on how to buy MLS Co Ltd Stock.
