Sata Construction Co.,Ltd. Stock Forecast
Evaluation of Sata Construction Co.,Ltd. stock downgraded after the last trading session.
(Updated on May 10, 2024)
The Sata Construction Co.,Ltd. stock price fell by -0.280% on the last day (Friday, 10th May 2024) from JP¥715.00 to JP¥713.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 5.63% from a day low at JP¥710.00 to a day high of JP¥750.00. The price has fallen in 6 of the last 10 days and is down by -1.79% for this period. Volume has increased on the last day by 79 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 89 thousand shares were bought and sold for approximately JP¥63.74 million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at JP¥700.13 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Sata Construction Co.,Ltd. stock with a 90% probability to be traded between JP¥707.39 and JP¥810.15 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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1826.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 2.15%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sata Construction 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¥718.00 and JP¥730.34. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Sata Construction Co.,Ltd. stock
Sata Construction Co.,Ltd. finds support from accumulated volume at JP¥705.00 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¥40.00 between high and low, or 5.63%. For the last week the stock has had daily average volatility of 2.39%.
Our recommended stop-loss: JP¥679.60 (-4.69%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (1826.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Sata Construction Co.,Ltd. to open at JP¥724.33, and during the day (based on 14 day Average True Range), to move between JP¥694.97 and JP¥731.03, which gives a possible trading interval of +/-JP¥18.03 (+/-2.53%) up or down from last closing price. If Sata Construction Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 5.06% 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¥705.00 (1.12%) than the resistance at JP¥729.00 (2.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sata Construction Co.,Ltd. stock A Buy?
Sata Construction Co.,Ltd. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.242 Hold/Accumulate Downgraded
Predicted Opening Price for Sata Construction Co.,Ltd. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥724.33 ( 1.59%) | JP¥713.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1826.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 764.33 | 7.20 % | |
| R2 | 749.05 | 5.06 % | ||
| R1 | 739.61 | 3.73 % | ||
| Current price: | 713.00 | |||
| Support | S1 | 709.05 | -0.554 % | |
| S2 | 699.61 | -1.88 % | ||
| S3 | 684.33 | -4.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 788.00 | 10.52 % | |
| R2 | 744.00 | 4.35 % | ||
| R1 | 729.00 | 2.24 % | ||
| Current price | 713.00 | |||
| Support | S1 | 705.00 | -1.12% | |
| S2 | 703.00 | -1.40% | ||
| S3 | 692.00 | -2.95% |
1826 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥26.00 | 5.27% |
| 2 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥13.00 | 2.77% |
| 3 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥13.00 | 2.94% |
| 4 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥5.00 | 1.54% |
| 5 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥13.00 | 3.32% |
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