Prima Meat Packers,Ltd. Stock Forecast
Prima Meat Packers,Ltd. stock price ended at JP¥2,347.00 on Friday, after gaining 0.99%.
(Updated on May 17, 2024)
The Prima Meat Packers,Ltd. stock price gained 0.99% on the last trading day (Friday, 17th May 2024), rising from JP¥2,324.00 to JP¥2,347.00. During the last trading day the stock fluctuated 2.18% from a day low at JP¥2,298.00 to a day high of JP¥2,348.00. The price has fallen in 6 of the last 10 days but is still up by 1.38% over the past 2 weeks. Volume fell on the last day by -45 thousand shares and in total, 86 thousand shares were bought and sold for approximately JP¥202.55 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥2,325.19 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 2.94% during the next 3 months and, with a 90% probability hold a price between JP¥2,393.49 and JP¥2,531.76 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.
2281.T Signals & Forecast
Mostly positive signals in the chart today. The Prima Meat Packers,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¥2,357.14. On a fall, the stock will find some support from the long-term average at approximately JP¥2,302.46. 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. A buy signal was issued from a pivot bottom point on Thursday, May 16, 2024, and so far it has risen 0.99%. 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 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.
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¥50.00 between high and low, or 2.18%. For the last week, the stock has had daily average volatility of 1.64%.
Our recommended stop-loss: JP¥2,231.90 (-4.90%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (2281.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Prima Meat Packers,Ltd. to open at JP¥2,331.00, and during the day (based on 14 day Average True Range), to move between JP¥2,303.08 and JP¥2,390.92, which gives a possible trading interval of +/-JP¥43.92 (+/-1.87%) 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 3.74% 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¥2,345.00 (0.09%) than the resistance at JP¥2,390.00 (1.83%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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: 2.670 Buy Candidate Unchanged
Predicted Opening Price for Prima Meat Packers,Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥2,331.00 ( 0.682%) | JP¥2,347.00 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 2,381.00 | 1.45 % | |
| R2 | 2,361.90 | 0.635 % | ||
| R1 | 2,350.10 | 0.132 % | ||
| Current price: | 2,347.00 | |||
| Support | S1 | 2,311.90 | -1.50 % | |
| S2 | 2,300.10 | -2.00 % | ||
| S3 | 2,281.00 | -2.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,450.00 | 4.39 % | |
| R2 | 2,441.00 | 4.01 % | ||
| R1 | 2,390.00 | 1.83 % | ||
| Current price | 2,347.00 | |||
| Support | S1 | 2,345.00 | -0.0852% | |
| S2 | 2,265.00 | -3.49% | ||
| S3 | 2,249.00 | -4.18% |
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 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥45.00 | 2.04% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥20.00 | 0.95% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥45.00 | 2.03% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥20.00 | 0.701% |
FAQ
Click here for our free guide on how to buy Prima Meat Packers,Ltd. Stock.
