SHIMIZU CORPORATION Stock Forecast
SHIMIZU CORPORATION stock downgraded to Sell Candidate
(Updated on Apr 23, 2024)
The SHIMIZU CORPORATION stock price gained 0.238% on the last trading day (Tuesday, 23rd Apr 2024), rising from JP¥925.70 to JP¥927.90. 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 2.40% from a day low at JP¥920.20 to a day high of JP¥942.30. The price has risen in 7 of the last 10 days and is up by 3.56% over the past 2 weeks. Volume fell on the last day by -654 thousand shares and in total, 5 million shares were bought and sold for approximately JP¥4.52 billion. 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 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 -4.48% during the next 3 months and, with a 90% probability hold a price between JP¥799.28 and JP¥966.06 at the end of this 3-month period.
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1803.T Signals & Forecast
There are mixed signals in the stock today. The SHIMIZU CORPORATION stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥940.23. On a fall, the stock will find some support from the short-term average at JP¥898.91. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 5.89%. Further rise is indicated until a new top pivot has been found. 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 SHIMIZU CORPORATION stock
SHIMIZU CORPORATION finds support from accumulated volume at JP¥892.40 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 JP¥22.10 between high and low, or 2.40%. For the last week, the stock has had daily average volatility of 2.25%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1803.T) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect SHIMIZU CORPORATION to open at JP¥930.13, and during the day (based on 14 day Average True Range), to move between JP¥901.59 and JP¥954.21, which gives a possible trading interval of +/-JP¥26.31 (+/-2.84%) up or down from last closing price. If SHIMIZU CORPORATION takes out the full calculated possible swing range there will be an estimated 5.67% 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¥934.00 (0.66%) than the support at JP¥892.40 (3.83%), 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 SHIMIZU CORPORATION stock A Buy?
SHIMIZU 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.420 Sell Candidate Downgraded
Predicted Opening Price for SHIMIZU CORPORATION of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| JP¥930.13 ( 0.241%) | JP¥927.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1803.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 952.23 | 2.62 % | |
| R2 | 943.79 | 1.71 % | ||
| R1 | 938.58 | 1.15 % | ||
| Current price: | 927.90 | |||
| Support | S1 | 921.69 | -0.669 % | |
| S2 | 916.48 | -1.23 % | ||
| S3 | 908.03 | -2.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,026.00 | 10.57 % | |
| R2 | 969.80 | 4.52 % | ||
| R1 | 934.00 | 0.657 % | ||
| Current price | 927.90 | |||
| Support | S1 | 892.40 | -3.83% | |
| S2 | 878.80 | -5.29% | ||
| S3 | 876.30 | -5.56% |
1803 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥10.50 | 1.41% |
| 2 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥10.50 | 1.46% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥1.50 | 0.199% |
| 4 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥1.50 | 0.176% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥2.00 | 0.217% |
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