UT Group Co.,Ltd. Stock Forecast
Stronger technical forecast for UT Group Co.,Ltd. stock price after Thursday trading.
(Updated on May 02, 2024)
The UT Group Co.,Ltd. stock price fell by -1.06% on the last day (Thursday, 2nd May 2024) from JP¥3,300.00 to JP¥3,265.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.02% from a day low at JP¥3,225.00 to a day high of JP¥3,290.00. The price has fallen in 6 of the last 10 days and is down by -3.69% for this period. Volume has increased on the last day by 53 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, 184 thousand shares were bought and sold for approximately JP¥601.09 million.
The stock lies in the middle of a very wide and 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 12.45% during the next 3 months and, with a 90% probability hold a price between JP¥3,245.50 and JP¥4,483.41 at the end of this 3-month period.
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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¥3,333.57 and JP¥3,496.00. 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 -11.64%. 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.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. 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 2.48%.
UT Group Co.,Ltd. is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: JP¥3,084.77 (-5.52%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 24 which reduces the risk some. There is a sell signal from a pivot top found 39 days ago.)
Trading Expectations (2146.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect UT Group Co.,Ltd. to open at JP¥3,260.00, and during the day (based on 14 day Average True Range), to move between JP¥3,163.42 and JP¥3,366.58, which gives a possible trading interval of +/-JP¥101.58 (+/-3.11%) 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 6.22% 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¥3,325.00 (1.84%) than the support at JP¥3,200.00 (1.99%), 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?
UT Group Co.,Ltd. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.675 Hold/Accumulate Upgraded
Predicted Opening Price for UT Group Co.,Ltd. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥3,260.00 ( 0.153%) | JP¥3,265.00 |
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 | 3,325.00 | 1.84 % | |
| R2 | 3,300.17 | 1.08 % | ||
| R1 | 3,284.83 | 0.607 % | ||
| Current price: | 3,265.00 | |||
| Support | S1 | 3,235.17 | -0.91 % | |
| S2 | 3,219.83 | -1.38 % | ||
| S3 | 3,195.00 | -2.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,670.00 | 12.40 % | |
| R2 | 3,380.00 | 3.52 % | ||
| R1 | 3,325.00 | 1.84 % | ||
| Current price | 3,265.00 | |||
| Support | S1 | 3,200.00 | -1.99% | |
| S2 | 3,025.00 | -7.35% | ||
| S3 | 2,995.00 | -8.27% |
2146 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Jun 01, 2024 | JP¥93.03 | 2.85% |
| 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% |
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