RAITO KOGYO CO.,LTD. Stock Forecast
RAITO KOGYO CO.,LTD. stock price up 0.378% on Friday
(Updated on May 10, 2024)
The RAITO KOGYO CO.,LTD. stock price gained 0.378% on the last trading day (Friday, 10th May 2024), rising from JP¥2,119.00 to JP¥2,127.00. 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 1.52% from a day low at JP¥2,112.00 to a day high of JP¥2,144.00. The price has risen in 7 of the last 10 days and is up by 2.95% over the past 2 weeks. Volume fell on the last day by -48 thousand shares and in total, 165 thousand shares were bought and sold for approximately JP¥351.81 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 lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 11.70% during the next 3 months and, with a 90% probability hold a price between JP¥2,277.81 and JP¥2,406.23 at the end of this 3-month period.
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1926.T Signals & Forecast
Mostly positive signals in the chart today. The RAITO KOGYO CO.,LTD. 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¥2,085.43 and JP¥2,037.06. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 5.82%. 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 RAITO KOGYO CO.,LTD. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥2,012.00 and JP¥1,883.00. 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, RAITO KOGYO CO.,LTD. finds support just below today's level at JP¥2,012.00. If this is broken, then the next support from accumulated volume will be at JP¥1,883.00 and JP¥1,869.00.
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¥32.00 between high and low, or 1.52%. For the last week the stock has had daily average volatility of 1.31%.
Our recommended stop-loss: JP¥2,038.76 (-4.15%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (1926.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect RAITO KOGYO CO.,LTD. to open at JP¥2,127.67, and during the day (based on 14 day Average True Range), to move between JP¥2,095.45 and JP¥2,158.55, which gives a possible trading interval of +/-JP¥31.55 (+/-1.48%) up or down from last closing price. If RAITO KOGYO CO.,LTD. takes out the full calculated possible swing range there will be an estimated 2.97% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥2,012.00, some JP¥115.00 (5.41%) from the current price of JP¥2,127.00, our system finds the risk reward attractive.
Is RAITO KOGYO CO.,LTD. stock A Buy?
RAITO KOGYO CO.,LTD. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 6.937 Strong Buy Candidate Unchanged
Predicted Opening Price for RAITO KOGYO CO.,LTD. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥2,127.67 ( 0.0313%) | JP¥2,127.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1926.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,159.67 | 1.54 % | |
| R2 | 2,147.44 | 0.96 % | ||
| R1 | 2,139.89 | 0.606 % | ||
| Current price: | 2,127.00 | |||
| Support | S1 | 2,115.44 | -0.543 % | |
| S2 | 2,107.89 | -0.90 % | ||
| S3 | 2,095.67 | -1.47 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 2,127.00 | |||
| Support | S1 | 2,012.00 | -5.41% | |
| S2 | 1,883.00 | -11.47% | ||
| S3 | 1,869.00 | -12.13% |
1926 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥61.00 | 3.15% |
| 2 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥54.00 | 2.72% |
| 3 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥50.00 | 2.63% |
| 4 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥41.00 | 3.33% |
| 5 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥38.00 | 2.59% |
FAQ
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