JAPAN FOODS CO.,LTD. Stock Forecast
Red day on Thursday for JAPAN FOODS CO.,LTD.
(Updated on May 02, 2024)
The JAPAN FOODS CO.,LTD. stock price fell by -0.730% on the last day (Thursday, 2nd May 2024) from JP¥1,369.00 to JP¥1,359.00. During the last trading day the stock fluctuated 1.18% from a day low at JP¥1,355.00 to a day high of JP¥1,371.00. The price has been going up and down for this period, and there has been a -1.81% loss for the last 2 weeks. Volume has increased on the last day by 300 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, 6 thousand shares were bought and sold for approximately JP¥8.02 million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at JP¥1,332.46 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect JAPAN FOODS CO.,LTD. stock with a 90% probability to be traded between JP¥1,334.82 and JP¥1,585.08 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
2599.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 JAPAN FOODS CO.,LTD. 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¥1,385.29 and JP¥1,439.09. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -14.04%. 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 Wednesday, August 16, 2023 in the long-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 12 Months
The stock had a Golden Star Signal on Wednesday, August 16, 2023 in the long-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 JAPAN FOODS CO.,LTD. stock
JAPAN FOODS CO.,LTD. finds support from accumulated volume at JP¥1,353.00 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¥16.00 between high and low, or 1.18%. For the last week the stock has had daily average volatility of 1.61%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (2599.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect JAPAN FOODS CO.,LTD. to open at JP¥1,361.67, and during the day (based on 14 day Average True Range), to move between JP¥1,324.42 and JP¥1,393.58, which gives a possible trading interval of +/-JP¥34.58 (+/-2.54%) up or down from last closing price. If JAPAN FOODS CO.,LTD. takes out the full calculated possible swing range there will be an estimated 5.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥1,353.00 (0.44%) than the resistance at JP¥1,392.00 (2.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
JAPAN FOODS CO.,LTD. will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for JAPAN FOODS CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.19% in the first trading day after earnings release.
Is JAPAN FOODS CO.,LTD. stock A Buy?
JAPAN FOODS CO.,LTD. holds several negative signals and is within a wide 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: -2.645 Sell Candidate Unchanged
Predicted Opening Price for JAPAN FOODS CO.,LTD. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥1,361.67 ( 0.196%) | JP¥1,359.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2599.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,377.67 | 1.37 % | |
| R2 | 1,371.55 | 0.92 % | ||
| R1 | 1,367.78 | 0.646 % | ||
| Current price: | 1,359.00 | |||
| Support | S1 | 1,355.55 | -0.254 % | |
| S2 | 1,351.78 | -0.531 % | ||
| S3 | 1,345.67 | -0.98 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,562.00 | 14.94 % | |
| R2 | 1,408.00 | 3.61 % | ||
| R1 | 1,392.00 | 2.43 % | ||
| Current price | 1,359.00 | |||
| Support | S1 | 1,353.00 | -0.442% | |
| S2 | 1,330.00 | -2.13% | ||
| S3 | 0 | . |
2599 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥17.00 | 1.58% |
| 2 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥10.00 | 0.91% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥17.00 | 1.44% |
| 4 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥10.00 | 0.80% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥17.00 | 1.36% |
FAQ
Click here for our free guide on how to buy JAPAN FOODS CO.,LTD. Stock.
