Prima Meat Packers,Ltd. Stock Forecast
Prima Meat Packers,Ltd. stock price ended at JP¥2,389.00 on Tuesday, after gaining 0.420%.
(Updated on Jul 02, 2024)
The Prima Meat Packers,Ltd. stock price gained 0.420% on the last trading day (Tuesday, 2nd Jul 2024), rising from JP¥2,379.00 to JP¥2,389.00. During the last trading day the stock fluctuated 0.97% from a day low at JP¥2,376.00 to a day high of JP¥2,399.00. The price has fallen in 6 of the last 10 days but is still up by 0.21% 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, 7 thousand more shares were traded than the day before. In total, 45 thousand shares were bought and sold for approximately JP¥106.55 million.
The stock has broken the weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at JP¥2,400.76. A reaction back to this level may hold a second chance to get out before further falls.
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2281.T Signals & Forecast
The Prima Meat Packers,Ltd. 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¥2,385.57 and JP¥2,372.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 16, 2024, and so far it has risen 2.80%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Prima Meat Packers,Ltd. stock
Prima Meat Packers,Ltd. finds support from accumulated volume at JP¥2,345.00 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¥23.00 between high and low, or 0.97%. For the last week the stock has had daily average volatility of 0.89%.
Our recommended stop-loss: JP¥2,275.25 (-4.76%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 40 days ago.)
Trading Expectations (2281.T) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Prima Meat Packers,Ltd. to open at JP¥2,388.00, and during the day (based on 14 day Average True Range), to move between JP¥2,359.99 and JP¥2,418.01, which gives a possible trading interval of +/-JP¥29.01 (+/-1.21%) up or down from last closing price. If Prima Meat Packers,Ltd. takes out the full calculated possible swing range there will be an estimated 2.43% 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¥2,390.00 (0.04%) than the support at JP¥2,345.00 (1.84%), 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 Prima Meat Packers,Ltd. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Prima Meat Packers,Ltd. stock to perform well in the short-term.
Current score: 2.191 Buy Candidate Unchanged
Predicted Opening Price for Prima Meat Packers,Ltd. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| JP¥2,388.00 ( 0.0419%) | JP¥2,389.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2281.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,411.00 | 0.92% |
| R2 | 2,402.21 | 0.553% |
| R1 | 2,396.79 | 0.326% |
| Price | 2,389.00 | |
| S1 | 2,379.21 | -0.410% |
| S2 | 2,373.79 | -0.637% |
| S3 | 2,365.00 | -1.00% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,450.00 | 2.55% |
| R2 | 2,441.00 | 2.18% |
| R1 | 2,390.00 | 0.0419% |
| Price | 2,389.00 | |
| S1 | 2,345.00 | -1.84% |
| S2 | 2,274.00 | -4.81% |
| S3 | 2,265.00 | -5.19% |
2281 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 27, 2024 | JP¥45.00 | 1.88% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Dec 01, 2023 | JP¥20.00 | 0.89% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥45.00 | 2.04% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥20.00 | 0.95% |
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