Japan Petroleum Exploration Co.,Ltd. Stock Forecast
Red day on Tuesday for Japan Petroleum Exploration Co.,Ltd.
(Updated on Apr 23, 2024)
The Japan Petroleum Exploration Co.,Ltd. stock price fell by -0.444% on the last day (Tuesday, 23rd Apr 2024) from JP¥6,750.00 to JP¥6,720.00. During the last trading day the stock fluctuated 2.40% from a day low at JP¥6,680.00 to a day high of JP¥6,840.00. The price has fallen in 5 of the last 10 days and is down by -2.89% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -137 thousand shares and in total, 183 thousand shares were bought and sold for approximately JP¥1.23 billion.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥6,694.50 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 20.31% during the next 3 months and, with a 90% probability hold a price between JP¥8,054.34 and JP¥8,918.92 at the end of this 3-month period.
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1662.T Signals & Forecast
The Japan Petroleum Exploration Co.,Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥6,854.29. On a fall, the stock will find some support from the long-term average at approximately JP¥6,691.14. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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, April 15, 2024, and so far it has fallen -7.82%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Japan Petroleum Exploration Co.,Ltd. stock
Japan Petroleum Exploration Co.,Ltd. finds support from accumulated volume at JP¥6,690.00 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 JP¥160.00 (2.40%) between high and low. For the last week, the stock has had daily average volatility of 3.99%.
Our recommended stop-loss: JP¥6,307.39 (-6.14%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (1662.T) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Japan Petroleum Exploration Co.,Ltd. to open at JP¥6,746.67, and during the day (based on 14 day Average True Range), to move between JP¥6,494.44 and JP¥6,945.56, which gives a possible trading interval of +/-JP¥225.56 (+/-3.36%) up or down from last closing price. If Japan Petroleum Exploration Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 6.71% 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¥6,690.00 (0.45%) than the resistance at JP¥6,830.00 (1.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Japan Petroleum Exploration 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 Japan Petroleum Exploration Co.,Ltd. stock to perform well in the short-term.
Current score: 3.041 Buy Candidate Unchanged
Predicted Opening Price for Japan Petroleum Exploration Co.,Ltd. of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| JP¥6,746.67 ( 0.397%) | JP¥6,720.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1662.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6,906.67 | 2.78 % | |
| R2 | 6,845.55 | 1.87 % | ||
| R1 | 6,807.79 | 1.31 % | ||
| Current price: | 6,720.00 | |||
| Support | S1 | 6,685.55 | -0.513 % | |
| S2 | 6,647.79 | -1.07 % | ||
| S3 | 6,586.67 | -1.98 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7,150.00 | 6.40 % | |
| R2 | 6,910.00 | 2.83 % | ||
| R1 | 6,830.00 | 1.64 % | ||
| Current price | 6,720.00 | |||
| Support | S1 | 6,690.00 | -0.446% | |
| S2 | 6,090.00 | -9.38% | ||
| S3 | 5,770.00 | -14.14% |
1662 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥220.00 | 4.97% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥150.00 | 4.29% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥25.00 | 0.95% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥25.00 | 1.21% |
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