Sekisui House,Ltd. Stock Forecast
Sekisui House,Ltd. stock upgraded from Buy Candidate to Strong Buy Candidate after Wednesday trading session.
(Updated on Apr 24, 2024)
The Sekisui House,Ltd. stock price gained 4.42% on the last trading day (Wednesday, 24th Apr 2024), rising from JP¥3,464.00 to JP¥3,617.00. It has now gained 3 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 3.13% from a day low at JP¥3,510.00 to a day high of JP¥3,620.00. The price has been going up and down for this period, and there has been a 2.09% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately JP¥11.77 billion.
The stock has broken the 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¥3,595.67, a level that may pose a second chance to hit a runner. According to fan-theory JP¥3,830.21 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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1928.T Signals & Forecast
The Sekisui House,Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥3,430.71 and JP¥3,443.71. 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 7.97%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Sekisui House,Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥3,375.00 and JP¥3,320.00. 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, Sekisui House,Ltd. finds support just below today's level at JP¥3,375.00. If this is broken, then the next support from accumulated volume will be at JP¥3,320.00 and JP¥3,317.00.
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¥110.00 between high and low, or 3.13%. For the last week the stock has had daily average volatility of 2.11%.
Our recommended stop-loss: JP¥3,478.11 (-3.84%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (1928.T) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Sekisui House,Ltd. to open at JP¥3,582.33, and during the day (based on 14 day Average True Range), to move between JP¥3,541.22 and JP¥3,692.78, which gives a possible trading interval of +/-JP¥75.78 (+/-2.10%) up or down from last closing price. If Sekisui House,Ltd. takes out the full calculated possible swing range there will be an estimated 4.19% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥3,375.00, some JP¥242.00 (6.69%) from the current price of JP¥3,617.00, our system finds the risk reward attractive.
Is Sekisui House,Ltd. stock A Buy?
Sekisui House,Ltd. holds several positive signals and has broken the weak rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.143 Strong Buy Candidate Upgraded
Predicted Opening Price for Sekisui House,Ltd. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| JP¥3,582.33 ( 0.96%) | JP¥3,617.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1928.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,692.33 | 2.08 % | |
| R2 | 3,650.31 | 0.92 % | ||
| R1 | 3,624.35 | 0.203 % | ||
| Current price: | 3,617.00 | |||
| Support | S1 | 3,540.31 | -2.12 % | |
| S2 | 3,514.35 | -2.84 % | ||
| S3 | 3,472.33 | -4.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 3,617.00 | |||
| Support | S1 | 3,375.00 | -6.69% | |
| S2 | 3,320.00 | -8.21% | ||
| S3 | 3,317.00 | -8.29% |
1928 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 30, 2024 | Jul 30, 2024 | Jul 30, 2024 | JP¥0 | 0% |
| 2 | Jul 28, 2023 | Jul 28, 2023 | Jul 28, 2023 | JP¥59.00 | 2.07% |
| 3 | Jan 30, 2023 | Jan 30, 2023 | Jan 30, 2023 | JP¥58.00 | 2.38% |
| 4 | Jul 28, 2022 | Jul 28, 2022 | Jul 28, 2022 | JP¥52.00 | 2.21% |
| 5 | Jan 28, 2022 | Jan 28, 2022 | Jan 28, 2022 | JP¥47.00 | 2.08% |
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