Japan Petroleum Exploration Co.,Ltd. Stock Forecast
Japan Petroleum Exploration Co.,Ltd. stock price down 0% on Thursday
(Updated on May 02, 2024)
No changes to the price of Japan Petroleum Exploration Co.,Ltd. stock on the last trading day (Thursday, 2nd May 2024). During the last trading day the stock fluctuated 1.37% from a day low at JP¥6,580.00 to a day high of JP¥6,670.00. The price has been going up and down for this period, and there has been a -2.79% loss for the last 2 weeks.
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¥6,608.71 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 18.24% during the next 3 months and, with a 90% probability hold a price between JP¥7,814.02 and JP¥8,898.75 at the end of this 3-month period.
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1662.T Signals & Forecast
There are few to no technical positive signals at the moment. The Japan Petroleum Exploration Co.,Ltd. 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¥6,660.00 and JP¥6,777.14. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -9.05%. 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 during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Japan Petroleum Exploration Co.,Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥6,090.00 and JP¥5,770.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Japan Petroleum Exploration Co.,Ltd. finds support just below today's level at JP¥6,090.00. If this is broken, then the next support from accumulated volume will be at JP¥5,770.00 and JP¥5,740.00.
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 JP¥90.00 between high and low, or 1.37%. For the last week, the stock has had daily average volatility of 2.14%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1662.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Japan Petroleum Exploration Co.,Ltd. to open at JP¥6,626.67, and during the day (based on 14 day Average True Range), to move between JP¥6,436.01 and JP¥6,823.99, which gives a possible trading interval of +/-JP¥193.99 (+/-2.93%) 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 5.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at JP¥6,690.00 (0.90%) than the support at JP¥6,090.00 (8.14%), 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 Japan Petroleum Exploration Co.,Ltd. stock A Buy?
The Japan Petroleum Exploration Co.,Ltd. stock holds several negative signals and despite the positive trend, we believe Japan Petroleum Exploration Co.,Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.700 Sell Candidate Unchanged
Predicted Opening Price for Japan Petroleum Exploration Co.,Ltd. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥6,626.67 ( 0.0503%) | JP¥6,630.00 |
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 | 6,716.67 | 1.31 % | |
| R2 | 6,682.29 | 0.789 % | ||
| R1 | 6,661.05 | 0.468 % | ||
| Current price: | 6,630.00 | |||
| Support | S1 | 6,592.29 | -0.569 % | |
| S2 | 6,571.05 | -0.89 % | ||
| S3 | 6,536.67 | -1.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6,910.00 | 4.22 % | |
| R2 | 6,830.00 | 3.02 % | ||
| R1 | 6,690.00 | 0.90 % | ||
| Current price | 6,630.00 | |||
| Support | S1 | 6,090.00 | -8.14% | |
| S2 | 5,770.00 | -12.97% | ||
| S3 | 5,740.00 | -13.42% |
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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