FUKUDA CORPORATION Stock Forecast
Green day on Tuesday for FUKUDA CORPORATION
(Updated on Jul 02, 2024)
The FUKUDA CORPORATION stock price gained 0.332% on the last trading day (Tuesday, 2nd Jul 2024), rising from JP¥6,020.00 to JP¥6,040.00. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 2.35% from a day low at JP¥5,960.00 to a day high of JP¥6,100.00. The price has risen in 8 of the last 10 days and is up by 9.22% over the past 2 weeks. Volume fell on the last day by -5 thousand shares and in total, 11 thousand shares were bought and sold for approximately JP¥67.04 million. 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 has broken the wide and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at JP¥6,015.16, a level that may pose a second chance to hit a runner. According to fan-theory JP¥6,580.22 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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1899.T Signals & Forecast
Mostly positive signals in the chart today. The FUKUDA 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¥5,810.00 and JP¥5,600.86. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 07, 2024, and so far it has risen 10.42%. 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 FUKUDA CORPORATION stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥5,700.00 and JP¥5,600.00. 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, FUKUDA CORPORATION finds support just below today's level at JP¥5,700.00. If this is broken, then the next support from accumulated volume will be at JP¥5,600.00 and JP¥5,530.00.
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¥140.00 (2.35%) between high and low. For the last week, the stock has had daily average volatility of 2.42%.
The FUKUDA CORPORATION stock is extremely overbought on RSI14 (76). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken. Since the FUKUDA CORPORATION has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: JP¥5,739.21 (-4.98%) (This stock has low daily movements and this gives low risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (1899.T) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect FUKUDA CORPORATION to open at JP¥6,033.33, and during the day (based on 14 day Average True Range), to move between JP¥5,913.71 and JP¥6,166.29, which gives a possible trading interval of +/-JP¥126.29 (+/-2.09%) up or down from last closing price. If FUKUDA CORPORATION takes out the full calculated possible swing range there will be an estimated 4.18% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥5,700.00, some JP¥340.00 (5.63%) from the current price of JP¥6,040.00, our system finds the risk reward attractive.
Is FUKUDA CORPORATION stock A Buy?
Several short-term signals, along with a general good trend, are positive and the stock has broken the rising trend up, which indicates an even stronger rate of rising. We can conclude that the current level may hold a buying opportunity as there is a fair chance for FUKUDA CORPORATION stock to perform well in the short-term period. Due to a possible false trend-break listing stock as pure buy candidate is held back.
Current score: 3.575 Buy Candidate Unchanged
Predicted Opening Price for FUKUDA CORPORATION of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
JP¥6,033.33 ( 0.110%) | JP¥6,040.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1899.T
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 6,173.33 | 2.21% |
R2 | 6,119.85 | 1.32% |
R1 | 6,086.81 | 0.775% |
Price | 6,040.00 | |
S1 | 5,979.85 | -1.00% |
S2 | 5,946.81 | -1.54% |
S3 | 5,893.33 | -2.43% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0 | - |
Price | 6,040.00 | |
S1 | 5,700.00 | -5.63% |
S2 | 5,600.00 | -7.28% |
S3 | 5,530.00 | -8.44% |
1899 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 27, 2024 | Dec 27, 2024 | Dec 27, 2024 | JP¥0 | 0% |
2 | Dec 28, 2023 | Dec 28, 2023 | Mar 28, 2024 | JP¥110.00 | 1.96% |
3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥10.00 | 0.227% |
4 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥130.00 | 3.02% |
5 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | JP¥110.00 | 1.97% |
FAQ
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