SOHGO SECURITY SERVICES CO.,LTD. Stock Forecast
Green day on Wednesday for SOHGO SECURITY SERVICES CO.,LTD. stock after gaining 1.03%
(Updated on Apr 24, 2024)
The SOHGO SECURITY SERVICES CO.,LTD. stock price gained 1.03% on the last trading day (Wednesday, 24th Apr 2024), rising from JP¥862.30 to JP¥871.20. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.18% from a day low at JP¥865.60 to a day high of JP¥875.80. The price has risen in 6 of the last 10 days and is up by 3.8% over the past 2 weeks. Volume fell on the last day by -60 thousand shares and in total, 966 thousand shares were bought and sold for approximately JP¥841.67 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 middle of a weak 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 7.05% during the next 3 months and, with a 90% probability hold a price between JP¥882.67 and JP¥958.03 at the end of this 3-month period.
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2331.T Signals & Forecast
Mostly positive signals in the chart today. The SOHGO SECURITY SERVICES CO.,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¥850.40 and JP¥842.61. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 7.42%. 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 SOHGO SECURITY SERVICES CO.,LTD. stock
SOHGO SECURITY SERVICES CO.,LTD. finds support from accumulated volume at JP¥853.00 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¥10.20 between high and low, or 1.18%. For the last week the stock has had daily average volatility of 1.47%.
Our recommended stop-loss: JP¥835.57 (-4.09%) (This stock has low daily movements and this gives low risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (2331.T) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect SOHGO SECURITY SERVICES CO.,LTD. to open at JP¥870.87, and during the day (based on 14 day Average True Range), to move between JP¥855.82 and JP¥886.58, which gives a possible trading interval of +/-JP¥15.38 (+/-1.76%) up or down from last closing price. If SOHGO SECURITY SERVICES CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.53% 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¥872.70 (0.17%) than the support at JP¥853.00 (2.09%), 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 SOHGO SECURITY SERVICES CO.,LTD. stock A Buy?
SOHGO SECURITY SERVICES CO.,LTD. holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 7.925 Strong Buy Candidate Unchanged
Predicted Opening Price for SOHGO SECURITY SERVICES CO.,LTD. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| JP¥870.87 ( 0.0383%) | JP¥871.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2331.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 881.07 | 1.13 % | |
| R2 | 877.17 | 0.685 % | ||
| R1 | 874.76 | 0.409 % | ||
| Current price: | 871.20 | |||
| Support | S1 | 866.97 | -0.486 % | |
| S2 | 864.56 | -0.762 % | ||
| S3 | 860.67 | -1.21 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 872.70 | 0.172 % | ||
| Current price | 871.20 | |||
| Support | S1 | 853.00 | -2.09% | |
| S2 | 797.20 | -8.49% | ||
| S3 | 786.90 | -9.68% |
2331 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥43.00 | 6.05% |
| 2 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥43.00 | 5.90% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥44.00 | 5.35% |
| 4 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥38.00 | 3.78% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥35.00 | 3.30% |
FAQ
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