SHIMIZU CORPORATION Stock Forecast
SHIMIZU CORPORATION stock price up 1.77% on Thursday
(Updated on May 02, 2024)
The SHIMIZU CORPORATION stock price gained 1.77% on the last trading day (Thursday, 2nd May 2024), rising from JP¥985.60 to JP¥1,003.00. 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 2.19% from a day low at JP¥983.00 to a day high of JP¥1,004.50. The price has risen in 9 of the last 10 days and is up by 13.36% over the past 2 weeks. Volume fell on the last day by -140 thousand shares and in total, 3 million shares were bought and sold for approximately JP¥3.13 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 is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect SHIMIZU CORPORATION stock with a 90% probability to be traded between JP¥893.51 and JP¥1,056.81 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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1803.T Signals & Forecast
Mostly positive signals in the chart today. The SHIMIZU CORPORATION stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥964.64 and JP¥945.71. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 14.46%. 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 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
On the downside, the stock finds support just below today's level from accumulated volume at JP¥892.40 and JP¥878.80. 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, SHIMIZU CORPORATION finds support just below today's level at JP¥892.40. If this is broken, then the next support from accumulated volume will be at JP¥878.80 and JP¥876.30.
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¥21.50 between high and low, or 2.19%. For the last week, the stock has had daily average volatility of 2.32%.
The SHIMIZU CORPORATION stock is extremely overbought on RSI14 (87). This increases the short-term risk substantially.
Our recommended stop-loss: JP¥955.26 (-4.76%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 87 and this increases the risk substantially. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (1803.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect SHIMIZU CORPORATION to open at JP¥996.83, and during the day (based on 14 day Average True Range), to move between JP¥976.01 and JP¥1,029.99, which gives a possible trading interval of +/-JP¥26.99 (+/-2.69%) up or down from last closing price. If SHIMIZU CORPORATION takes out the full calculated possible swing range there will be an estimated 5.38% 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¥1,013.00 (1.00%) than the support at JP¥892.40 (11.03%), 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.
Earnings coming up
SHIMIZU CORPORATION will release earnings BMO on Monday, May 13, 2024.The consensus among the analysts for the expected earnings (EPS) is $44.99. We will update the financials statements for SHIMIZU CORPORATION, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.96% in the first trading day after earnings release.
Is SHIMIZU CORPORATION stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for SHIMIZU CORPORATION stock to perform well in the short-term period.
Current score: 2.961 Buy Candidate Unchanged
Predicted Opening Price for SHIMIZU CORPORATION of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥996.83 ( 0.615%) | JP¥1,003.00 |
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 | 1,018.33 | 1.53 % | |
| R2 | 1,010.12 | 0.710 % | ||
| R1 | 1,005.05 | 0.204 % | ||
| Current price: | 1,003.00 | |||
| Support | S1 | 988.62 | -1.43 % | |
| S2 | 983.55 | -1.94 % | ||
| S3 | 975.33 | -2.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,026.00 | 2.29 % | |
| R2 | 1,016.00 | 1.30 % | ||
| R1 | 1,013.00 | 1.00 % | ||
| Current price | 1,003.00 | |||
| Support | S1 | 892.40 | -11.03% | |
| S2 | 878.80 | -12.38% | ||
| S3 | 876.30 | -12.63% |
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% |
FAQ
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