IMURAYA GROUP CO.,LTD. Stock Forecast
Green day on Tuesday for IMURAYA GROUP CO.,LTD. stock after gaining 0.88%
(Updated on Jul 02, 2024)
The IMURAYA GROUP CO.,LTD. stock price gained 0.88% on the last trading day (Tuesday, 2nd Jul 2024), rising from JP¥2,487.00 to JP¥2,509.00. During the last trading day the stock fluctuated 1.69% from a day low at JP¥2,480.00 to a day high of JP¥2,522.00. The price has risen in 6 of the last 10 days and is up by 3.55% over the past 2 weeks.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect IMURAYA GROUP CO.,LTD. stock with a 90% probability to be traded between JP¥2,375.16 and JP¥2,610.01 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.
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2209.T Signals & Forecast
Mostly positive signals in the chart today. The IMURAYA GROUP CO.,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¥2,461.57 and JP¥2,479.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 6.86%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for IMURAYA GROUP CO.,LTD. stock
IMURAYA GROUP CO.,LTD. finds support from accumulated volume at JP¥2,465.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥42.00 (1.69%) between high and low. For the last week, the stock has had daily average volatility of 1.30%.
Our recommended stop-loss: JP¥2,380.40 (-5.13%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (2209.T) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect IMURAYA GROUP CO.,LTD. to open at JP¥2,503.67, and during the day (based on 14 day Average True Range), to move between JP¥2,468.38 and JP¥2,549.62, which gives a possible trading interval of +/-JP¥40.62 (+/-1.62%) up or down from last closing price. If IMURAYA GROUP CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.24% 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¥2,523.00 (0.56%) than the support at JP¥2,465.00 (1.75%), 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 IMURAYA GROUP CO.,LTD. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for IMURAYA GROUP CO.,LTD. stock to perform well in the short-term period.
Current score: 2.424 Buy Candidate Unchanged
Predicted Opening Price for IMURAYA GROUP CO.,LTD. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| JP¥2,503.67 ( 0.213%) | JP¥2,509.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2209.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,545.67 | 1.46% |
| R2 | 2,529.62 | 0.82% |
| R1 | 2,519.71 | 0.427% |
| Price | 2,509.00 | |
| S1 | 2,487.62 | -0.85% |
| S2 | 2,477.71 | -1.25% |
| S3 | 2,461.67 | -1.89% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,574.00 | 2.59% |
| R2 | 2,540.00 | 1.24% |
| R1 | 2,523.00 | 0.558% |
| Price | 2,509.00 | |
| S1 | 2,465.00 | -1.75% |
| S2 | 2,400.00 | -4.34% |
| S3 | 2,348.00 | -6.42% |
2209 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2025 | Mar 28, 2025 | Mar 28, 2025 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 24, 2024 | JP¥31.00 | 1.29% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥28.00 | 1.26% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥1.00 | 0.0439% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥24.00 | 0.91% |
FAQ
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