UT Group Co.,Ltd. Stock Forecast
Evaluation of UT Group Co.,Ltd. stock downgraded after the last trading session.
(Updated on Apr 19, 2024)
The UT Group Co.,Ltd. stock price fell by -1.48% on the last day (Friday, 19th Apr 2024) from JP¥3,375.00 to JP¥3,325.00. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 4.47% from a day low at JP¥3,245.00 to a day high of JP¥3,390.00. The price has fallen in 7 of the last 10 days and is down by -5.94% for this period. Volume has increased on the last day by 152 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, 270 thousand shares were bought and sold for approximately JP¥898.08 million.
Given the current short-term trend, the stock is expected to rise 42.19% during the next 3 months and, with a 90% probability hold a price between JP¥4,727.71 and JP¥6,186.63 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
2146.T Signals & Forecast
There are few to no technical positive signals at the moment. The UT Group 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¥3,465.00 and JP¥3,563.71. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 06, 2024, and so far it has fallen -10.01%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 UT Group Co.,Ltd. stock
UT Group Co.,Ltd. finds support from accumulated volume at JP¥3,200.00 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¥145.00 between high and low, or 4.47%. For the last week the stock has had daily average volatility of 3.25%.
UT Group Co.,Ltd. is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (2146.T) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect UT Group Co.,Ltd. to open at JP¥3,320.00, and during the day (based on 14 day Average True Range), to move between JP¥3,216.90 and JP¥3,433.10, which gives a possible trading interval of +/-JP¥108.10 (+/-3.25%) up or down from last closing price. If UT Group Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 6.50% 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¥3,380.00 (1.65%) than the support at JP¥3,200.00 (3.76%), 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 UT Group Co.,Ltd. stock A Buy?
The UT Group Co.,Ltd. stock holds several negative signals and despite the positive trend, we believe UT Group Co.,Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.946 Sell Candidate Downgraded
Predicted Opening Price for UT Group Co.,Ltd. of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
JP¥3,320.00 ( 0.150%) | JP¥3,325.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2146.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3,465.00 | 4.21 % | |
R2 | 3,409.61 | 2.54 % | ||
R1 | 3,375.39 | 1.52 % | ||
Current price: | 3,325.00 | |||
Support | S1 | 3,264.61 | -1.82 % | |
S2 | 3,230.39 | -2.85 % | ||
S3 | 3,175.00 | -4.51 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3,670.00 | 10.38 % | |
R2 | 3,540.00 | 6.47 % | ||
R1 | 3,380.00 | 1.65 % | ||
Current price | 3,325.00 | |||
Support | S1 | 3,200.00 | -3.76% | |
S2 | 3,025.00 | -9.02% | ||
S3 | 2,995.00 | -9.92% |
2146 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 28, 2024 | Mar 28, 2024 | Jun 01, 2024 | JP¥93.03 | 2.80% |
2 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥24.00 | 0.779% |
3 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥34.00 | 0.97% |
4 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥25.00 | 0.98% |
5 | Mar 29, 2017 | Mar 29, 2017 | Mar 29, 2017 | JP¥16.00 | 1.12% |
FAQ
Click here for our free guide on how to buy UT Group Co.,Ltd. Stock.