Coca-Cola Bottlers Japan Holdings Inc. Stock Forecast
Coca-Cola Bottlers Japan Holdings Inc. stock price ended at JP¥2,169.50 on Thursday, after losing 1.97%.
(Updated on Apr 25, 2024)
The Coca-Cola Bottlers Japan Holdings Inc. stock price fell by -1.97% on the last day (Thursday, 25th Apr 2024) from JP¥2,213.00 to JP¥2,169.50. During the last trading day the stock fluctuated 1.64% from a day low at JP¥2,162.50 to a day high of JP¥2,198.00. The price has been going up and down for this period, and there has been a -2.65% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -240 thousand shares and in total, 667 thousand shares were bought and sold for approximately JP¥1.45 billion.
The stock lies in the middle of a wide and strong 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 15.78% during the next 3 months and, with a 90% probability hold a price between JP¥2,344.68 and JP¥2,790.96 at the end of this 3-month period.
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2579.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 Coca-Cola Bottlers Japan Holdings 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¥2,171.00 and JP¥2,215.97. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -5.34%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Coca-Cola Bottlers Japan Holdings Inc. stock
Coca-Cola Bottlers Japan Holdings Inc. finds support from accumulated volume at JP¥2,095.00 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¥35.50 between high and low, or 1.64%. For the last week the stock has had daily average volatility of 2.34%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (2579.T) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Coca-Cola Bottlers Japan Holdings Inc. to open at JP¥2,176.67, and during the day (based on 14 day Average True Range), to move between JP¥2,116.37 and JP¥2,222.63, which gives a possible trading interval of +/-JP¥53.13 (+/-2.45%) up or down from last closing price. If Coca-Cola Bottlers Japan Holdings Inc. takes out the full calculated possible swing range there will be an estimated 4.90% 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¥2,180.00 (0.48%) than the support at JP¥2,095.00 (3.43%), 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 Coca-Cola Bottlers Japan Holdings Inc. stock A Buy?
The Coca-Cola Bottlers Japan Holdings Inc. stock holds several negative signals and despite the positive trend, we believe Coca-Cola Bottlers Japan Holdings Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.719 Sell Candidate Unchanged
Predicted Opening Price for Coca-Cola Bottlers Japan Holdings Inc. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| JP¥2,176.67 ( 0.330%) | JP¥2,169.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2579.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,212.17 | 1.97 % | |
| R2 | 2,198.61 | 1.34 % | ||
| R1 | 2,190.23 | 0.96 % | ||
| Current price: | 2,169.50 | |||
| Support | S1 | 2,163.11 | -0.295 % | |
| S2 | 2,154.73 | -0.681 % | ||
| S3 | 2,141.17 | -1.31 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,225.00 | 2.56 % | |
| R2 | 2,217.50 | 2.21 % | ||
| R1 | 2,180.00 | 0.484 % | ||
| Current price | 2,169.50 | |||
| Support | S1 | 2,095.00 | -3.43% | |
| S2 | 1,864.50 | -14.06% | ||
| S3 | 1,766.50 | -18.58% |
2579 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jun 27, 2024 | JP¥0 | 0% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥25.00 | 1.64% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥25.00 | 1.74% |
| 4 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥25.00 | 1.56% |
| 5 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥25.00 | 1.86% |
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