OUTSOURCING Inc. Stock Forecast
Red day on Tuesday for OUTSOURCING Inc.
(Updated on May 07, 2024)
No changes to the price of OUTSOURCING Inc. stock on the last trading day (Tuesday, 7th May 2024). During the last trading day the stock fluctuated 0.0572% from a day low at JP¥1,748.00 to a day high of JP¥1,749.00. The price has risen in 5 of the last 10 days but is still down by -0.23% for this period.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect OUTSOURCING Inc. stock with a 90% probability to be traded between JP¥1,734.48 and JP¥1,779.64 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
There are few to no technical positive signals at the moment. The OUTSOURCING Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥1,748.36 and JP¥1,748.71. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
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¥1.00 between high and low, or 0.0572%. For the last week the stock has had daily average volatility of 0.172%.
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 Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect OUTSOURCING Inc. to open at JP¥1,748.33, and during the day (based on 14 day Average True Range), to move between JP¥1,742.56 and JP¥1,753.44, which gives a possible trading interval of +/-JP¥5.44 (+/-0.31%) up or down from last closing price. If OUTSOURCING Inc. takes out the full calculated possible swing range there will be an estimated 0.62% 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.
Earnings coming up
OUTSOURCING Inc. will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for OUTSOURCING Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.86% in the first trading day after earnings release.
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.
Current score: -1.827 Sell Candidate Unchanged
Predicted Opening Price for OUTSOURCING Inc. of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| JP¥1,748.33 ( 0.0191%) | 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 | 1,749.33 | 0.0763 % | |
| R2 | 1,748.95 | 0.0544 % | ||
| R1 | 1,748.72 | 0.0409 % | ||
| Current price: | 1,748.00 | |||
| Support | S1 | 1,747.95 | -0.0028 % | |
| S2 | 1,747.72 | -0.0163 % | ||
| S3 | 1,747.33 | -0.0381 % |
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 | 1,706.50 | -2.37% | ||
| S3 | 1,692.50 | -3.18% |
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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