SAPPORO HOLDINGS LIMITED Stock Forecast
Stronger technical forecast for SAPPORO HOLDINGS LIMITED stock price after Friday trading.
(Updated on Jun 21, 2024)
The SAPPORO HOLDINGS LIMITED stock price gained 1.15% on the last trading day (Friday, 21st Jun 2024), rising from JP¥5,501.00 to JP¥5,564.00. During the last trading day the stock fluctuated 2.03% from a day low at JP¥5,506.00 to a day high of JP¥5,618.00. The price has risen in 7 of the last 10 days and is up by 0.38% over the past 2 weeks. Volume fell on the last day by -23 thousand shares and in total, 338 thousand shares were bought and sold for approximately JP¥1.88 billion. 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 the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at JP¥5,651.86 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -10.83% during the next 3 months and, with a 90% probability hold a price between JP¥4,431.61 and JP¥5,039.87 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
2501.T Signals & Forecast
The SAPPORO HOLDINGS LIMITED 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¥5,594.00. On a fall, the stock will find some support from the long-term average at approximately JP¥5,467.17. 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. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, June 19, 2024, and so far it has fallen -1.94%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for SAPPORO HOLDINGS LIMITED stock
SAPPORO HOLDINGS LIMITED finds support from accumulated volume at JP¥5,414.00 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¥112.00 between high and low, or 2.03%. For the last week, the stock has had daily average volatility of 1.91%.
Our recommended stop-loss: JP¥5,379.41 (-3.32%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (2501.T) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect SAPPORO HOLDINGS LIMITED to open at JP¥5,562.67, and during the day (based on 14 day Average True Range), to move between JP¥5,457.33 and JP¥5,670.67, which gives a possible trading interval of +/-JP¥106.67 (+/-1.92%) up or down from last closing price. If SAPPORO HOLDINGS LIMITED takes out the full calculated possible swing range there will be an estimated 3.83% 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¥5,600.00 (0.65%) than the support at JP¥5,414.00 (2.70%), 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 SAPPORO HOLDINGS LIMITED stock A Buy?
SAPPORO HOLDINGS LIMITED holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.062 Hold/Accumulate Upgraded
Predicted Opening Price for SAPPORO HOLDINGS LIMITED of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| JP¥5,562.67 ( 0.0240%) | JP¥5,564.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2501.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5,674.67 | 1.99% |
| R2 | 5,631.88 | 1.22% |
| R1 | 5,605.45 | 0.745% |
| Price | 5,564.00 | |
| S1 | 5,519.88 | -0.793% |
| S2 | 5,493.45 | -1.27% |
| S3 | 5,450.67 | -2.04% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6,058.00 | 8.88% |
| R2 | 5,959.00 | 7.10% |
| R1 | 5,600.00 | 0.647% |
| Price | 5,564.00 | |
| S1 | 5,414.00 | -2.70% |
| S2 | 5,356.00 | -3.74% |
| S3 | 5,261.00 | -5.45% |
2501 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2024 | Dec 27, 2024 | Dec 27, 2024 | JP¥0 | 0% |
| 2 | Dec 29, 2023 | Dec 29, 2023 | Dec 29, 2023 | JP¥45.00 | 0.724% |
| 3 | Dec 28, 2023 | Dec 28, 2023 | Mar 29, 2024 | JP¥47.00 | 0.779% |
| 4 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥42.00 | 1.28% |
| 5 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥42.00 | 1.92% |
FAQ
Click here for our free guide on how to buy SAPPORO HOLDINGS LIMITED Stock.
