CHUDENKO CORPORATION Stock Forecast
Green day on Friday for CHUDENKO CORPORATION stock after gaining 2.02%
(Updated on May 31, 2024)
The CHUDENKO CORPORATION stock price gained 2.02% on the last trading day (Friday, 31st May 2024), rising from JP¥3,215.00 to JP¥3,280.00. During the last trading day the stock fluctuated 2.02% from a day low at JP¥3,215.00 to a day high of JP¥3,280.00. The price has risen in 7 of the last 10 days and is up by 5.64% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 13 thousand more shares were traded than the day before. In total, 80 thousand shares were bought and sold for approximately JP¥263.71 million.
The stock lies in the middle of a wide and weak 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 5.61% during the next 3 months and, with a 90% probability hold a price between JP¥3,295.69 and JP¥3,740.72 at the end of this 3-month period.
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1941.T Signals & Forecast
Mostly positive signals in the chart today. The CHUDENKO 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¥3,200.00 and JP¥3,171.57. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has risen 6.49%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for CHUDENKO CORPORATION stock
CHUDENKO CORPORATION finds support from accumulated volume at JP¥3,190.00 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¥65.00 between high and low, or 2.02%. For the last week the stock has had daily average volatility of 1.92%.
Our recommended stop-loss: JP¥3,151.05 (-3.93%) (This stock has low daily movements and this gives low risk. The RSI14 is 82 and this increases the risk substantially. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (1941.T) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect CHUDENKO CORPORATION to open at JP¥3,258.33, and during the day (based on 14 day Average True Range), to move between JP¥3,217.20 and JP¥3,342.80, which gives a possible trading interval of +/-JP¥62.80 (+/-1.91%) up or down from last closing price. If CHUDENKO CORPORATION takes out the full calculated possible swing range there will be an estimated 3.83% 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¥3,285.00 (0.15%) than the support at JP¥3,190.00 (2.74%), 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.
Is CHUDENKO CORPORATION stock A Buy?
CHUDENKO CORPORATION holds several positive signals and is within a weak 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: 8.524 Strong Buy Candidate Unchanged
Predicted Opening Price for CHUDENKO CORPORATION of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| JP¥3,258.33 ( 0.661%) | JP¥3,280.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1941.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,323.33 | 1.32 % | |
| R2 | 3,298.50 | 0.564 % | ||
| R1 | 3,283.16 | 0.0964 % | ||
| Current price: | 3,280.00 | |||
| Support | S1 | 3,233.50 | -1.42 % | |
| S2 | 3,218.16 | -1.89 % | ||
| S3 | 3,193.33 | -2.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,445.00 | 5.03 % | |
| R2 | 3,330.00 | 1.52 % | ||
| R1 | 3,285.00 | 0.152 % | ||
| Current price | 3,280.00 | |||
| Support | S1 | 3,190.00 | -2.74% | |
| S2 | 3,165.00 | -3.51% | ||
| S3 | 3,095.00 | -5.64% |
1941 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥52.00 | 2.45% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥52.00 | 2.46% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥52.00 | 2.48% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥52.00 | 2.30% |
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