Ezaki Glico Co.,Ltd. Stock Forecast
Ezaki Glico Co.,Ltd. stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on Jun 27, 2024)
The Ezaki Glico Co.,Ltd. stock price fell by -1.04% on the last day (Thursday, 27th Jun 2024) from JP¥4,232.00 to JP¥4,188.00. During the last trading day the stock fluctuated 0.624% from a day low at JP¥4,169.00 to a day high of JP¥4,195.00. The price has risen in 7 of the last 10 days and is up by 2.15% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -696 thousand shares and in total, 571 thousand shares were bought and sold for approximately JP¥2.39 billion.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at JP¥4,234.44 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Ezaki Glico Co.,Ltd. stock with a 90% probability to be traded between JP¥3,840.34 and JP¥4,156.69 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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2206.T Signals & Forecast
The Ezaki Glico Co.,Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥4,197.57. On a fall, the stock will find some support from the long-term average at approximately JP¥4,123.94. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, June 25, 2024, and so far it has fallen -1.16%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Ezaki Glico Co.,Ltd. stock
Ezaki Glico Co.,Ltd. finds support from accumulated volume at JP¥4,170.00 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¥26.00 between high and low, or 0.624%. For the last week the stock has had daily average volatility of 1.03%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (2206.T) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Ezaki Glico Co.,Ltd. to open at JP¥4,184.00, and during the day (based on 14 day Average True Range), to move between JP¥4,133.09 and JP¥4,242.91, which gives a possible trading interval of +/-JP¥54.91 (+/-1.31%) up or down from last closing price. If Ezaki Glico Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 2.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥4,170.00 (0.43%) than the resistance at JP¥4,220.00 (0.76%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ezaki Glico Co.,Ltd. stock A Buy?
Ezaki Glico Co.,Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, 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: -2.196 Sell Candidate Downgraded
Predicted Opening Price for Ezaki Glico Co.,Ltd. of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| JP¥4,184.00 ( 0.0955%) | JP¥4,188.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2206.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,210.00 | 0.525% |
| R2 | 4,200.07 | 0.288% |
| R1 | 4,193.93 | 0.142% |
| Price | 4,188.00 | |
| S1 | 4,174.07 | -0.333% |
| S2 | 4,167.93 | -0.479% |
| S3 | 4,158.00 | -0.716% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,237.00 | 1.17% |
| R2 | 4,232.00 | 1.05% |
| R1 | 4,220.00 | 0.764% |
| Price | 4,188.00 | |
| S1 | 4,170.00 | -0.430% |
| S2 | 4,120.00 | -1.62% |
| S3 | 4,099.00 | -2.13% |
2206 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Sep 01, 2024 | JP¥45.00 | 1.07% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Mar 07, 2024 | JP¥40.00 | 0.90% |
| 3 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥40.00 | 1.08% |
| 4 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥5.00 | 0.137% |
| 5 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥5.00 | 0.127% |
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