OUTSOURCING Inc. Stock Forecast
OUTSOURCING Inc. stock downgraded from Buy Candidate to Sell Candidate after Friday trading session.
(Updated on Apr 26, 2024)
The OUTSOURCING Inc. stock price fell by -0.285% on the last day (Friday, 26th Apr 2024) from JP¥1,753.00 to JP¥1,748.00. During the last trading day the stock fluctuated 0.315% from a day low at JP¥1,748.00 to a day high of JP¥1,753.50. The price has been going up and down for this period, and there has been a -0.11% loss for the last 2 weeks. Volume has increased on the last day by 7 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 7 million shares were bought and sold for approximately JP¥12.92 billion.
The stockis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at JP¥1,755.62 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect OUTSOURCING Inc. stock with a 90% probability to be traded between JP¥1,727.88 and JP¥1,775.64 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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2427.T Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The OUTSOURCING Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥1,750.79 and JP¥1,748.66. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen -0.342%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Thursday, February 08, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, February 08, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for OUTSOURCING Inc. stock
OUTSOURCING Inc. finds support from accumulated volume at JP¥1,746.50 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¥5.50 between high and low, or 0.315%. For the last week the stock has had daily average volatility of 0.395%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (2427.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect OUTSOURCING Inc. to open at JP¥1,749.83, and during the day (based on 14 day Average True Range), to move between JP¥1,741.97 and JP¥1,754.03, which gives a possible trading interval of +/-JP¥6.03 (+/-0.35%) up or down from last closing price. If OUTSOURCING Inc. takes out the full calculated possible swing range there will be an estimated 0.69% 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¥1,748.50 (0.03%) than the support at JP¥1,746.50 (0.09%), 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 OUTSOURCING Inc. stock A Buy?
OUTSOURCING Inc. holds several negative signals and is within a narrow and falling trend, so we believe 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 Buy to a Sell candidate.
Current score: -2.679 Sell Candidate Downgraded
Predicted Opening Price for OUTSOURCING Inc. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥1,749.83 ( 0.105%) | JP¥1,748.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2427.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,755.33 | 0.420 % | |
| R2 | 1,753.23 | 0.299 % | ||
| R1 | 1,751.93 | 0.225 % | ||
| Current price: | 1,748.00 | |||
| Support | S1 | 1,747.73 | -0.0153 % | |
| S2 | 1,746.43 | -0.0896 % | ||
| S3 | 1,744.33 | -0.210 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,751.50 | 0.200 % | |
| R2 | 1,749.00 | 0.0572 % | ||
| R1 | 1,748.50 | 0.0286 % | ||
| Current price | 1,748.00 | |||
| Support | S1 | 1,746.50 | -0.0858% | |
| S2 | 1,740.00 | -0.458% | ||
| S3 | 1,706.50 | -2.37% |
2427 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥25.00 | 2.64% |
| 2 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥31.00 | 2.07% |
| 3 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | JP¥10.00 | 0.724% |
| 4 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | JP¥24.00 | 2.04% |
| 5 | Dec 26, 2018 | Dec 26, 2018 | Dec 26, 2018 | JP¥21.00 | 2.16% |
FAQ
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