Sanyo Homes Corporation Stock Forecast
Green day on Thursday for Sanyo Homes Corporation stock after gaining 0.137%
(Updated on May 02, 2024)
The Sanyo Homes Corporation stock price gained 0.137% on the last trading day (Thursday, 2nd May 2024), rising from JP¥728.00 to JP¥729.00. 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 0.549% from a day low at JP¥728.00 to a day high of JP¥732.00. The price has risen in 6 of the last 10 days and is up by 1.53% 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, 900 more shares were traded than the day before. In total, 7 thousand shares were bought and sold for approximately JP¥4.81 million.
The stock lies in the middle of a 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 -5.54% during the next 3 months and, with a 90% probability hold a price between JP¥669.54 and JP¥732.93 at the end of this 3-month period.
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1420.T Signals & Forecast
There are mixed signals in the stock today. The Sanyo Homes Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥729.14 and JP¥746.06. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.96%. 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. The stock had a Golden Star Signal on Monday, August 14, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, August 14, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Sanyo Homes Corporation stock
Sanyo Homes Corporation finds support from accumulated volume at JP¥726.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved JP¥4.00 between high and low, or 0.549%. For the last week the stock has had daily average volatility of 1.14%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1420.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Sanyo Homes Corporation to open at JP¥729.67, and during the day (based on 14 day Average True Range), to move between JP¥720.37 and JP¥737.63, which gives a possible trading interval of +/-JP¥8.63 (+/-1.18%) up or down from last closing price. If Sanyo Homes Corporation takes out the full calculated possible swing range there will be an estimated 2.37% 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¥726.00 (0.41%) than the resistance at JP¥743.00 (1.92%), 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
Sanyo Homes Corporation will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for Sanyo Homes Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 0.95% in the first trading day after earnings release.
Is Sanyo Homes Corporation stock A Buy?
Sanyo Homes 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.
Current score: -2.184 Sell Candidate Unchanged
Predicted Opening Price for Sanyo Homes Corporation of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥729.67 ( 0.0914%) | JP¥729.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1420.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 733.67 | 0.640 % | |
| R2 | 732.14 | 0.431 % | ||
| R1 | 731.19 | 0.301 % | ||
| Current price: | 729.00 | |||
| Support | S1 | 728.14 | -0.118 % | |
| S2 | 727.19 | -0.248 % | ||
| S3 | 725.67 | -0.457 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 796.00 | 9.19 % | |
| R2 | 795.00 | 9.05 % | ||
| R1 | 743.00 | 1.92 % | ||
| Current price | 729.00 | |||
| Support | S1 | 726.00 | -0.412% | |
| S2 | 718.00 | -1.51% | ||
| S3 | 716.00 | -1.78% |
1420 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥25.00 | 3.49% |
| 2 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥25.00 | 3.30% |
| 3 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥25.00 | 3.16% |
| 4 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥25.00 | 3.92% |
| 5 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥25.00 | 2.95% |
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