WATTS CO.,LTD. Stock Forecast
Evaluation of WATTS CO.,LTD. stock downgraded after the last trading session.
(Updated on Jul 02, 2024)
The WATTS CO.,LTD. stock price fell by -1.56% on the last day (Tuesday, 2nd Jul 2024) from JP¥707.00 to JP¥696.00. During the last trading day the stock fluctuated 2.02% from a day low at JP¥693.00 to a day high of JP¥707.00. The price has risen in 5 of the last 10 days and is up by 0.14% over the past 2 weeks. Volume has increased on the last day by 12 thousand 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, 26 thousand shares were bought and sold for approximately JP¥18.37 million.
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¥706.15 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 -6.87% during the next 3 months and, with a 90% probability hold a price between JP¥573.04 and JP¥657.60 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.
2735.T Signals & Forecast
The WATTS CO.,LTD. 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¥701.00. On a fall, the stock will find some support from the long-term average at approximately JP¥680.69. 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). 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 Monday, July 01, 2024, and so far it has fallen -1.56%. 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.
Support, Risk & Stop-loss for WATTS CO.,LTD. stock
WATTS CO.,LTD. finds support from accumulated volume at JP¥686.00 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¥14.00 between high and low, or 2.02%. For the last week the stock has had daily average volatility of 1.23%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (2735.T) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect WATTS CO.,LTD. to open at JP¥698.67, and during the day (based on 14 day Average True Range), to move between JP¥684.95 and JP¥707.05, which gives a possible trading interval of +/-JP¥11.05 (+/-1.59%) up or down from last closing price. If WATTS CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.18% 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¥699.00 (0.43%) than the support at JP¥686.00 (1.44%), 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
WATTS CO.,LTD. will release earnings BMO on Wednesday, July 10, 2024. We will update the financials statements for WATTS CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.00% in the first trading day after earnings release.
Is WATTS CO.,LTD. stock A Buy?
WATTS CO.,LTD. holds several negative signals and we believe that 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: -3.314 Sell Candidate Downgraded
Predicted Opening Price for WATTS CO.,LTD. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| JP¥698.67 ( 0.383%) | JP¥696.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2735.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 712.67 | 2.39% |
| R2 | 707.32 | 1.63% |
| R1 | 704.01 | 1.15% |
| Price | 696.00 | |
| S1 | 693.32 | -0.385% |
| S2 | 690.01 | -0.86% |
| S3 | 684.67 | -1.63% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 745.00 | 7.04% |
| R2 | 738.00 | 6.03% |
| R1 | 699.00 | 0.431% |
| Price | 696.00 | |
| S1 | 686.00 | -1.44% |
| S2 | 664.00 | -4.60% |
| S3 | 644.00 | -7.47% |
2735 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2024 | Aug 29, 2024 | Nov 01, 2024 | JP¥15.00 | 2.16% |
| 2 | Aug 30, 2023 | Aug 30, 2023 | Aug 30, 2023 | JP¥15.00 | 2.42% |
| 3 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | JP¥15.00 | 2.07% |
| 4 | Aug 30, 2021 | Aug 30, 2021 | Aug 30, 2021 | JP¥15.00 | 1.67% |
| 5 | Aug 28, 2020 | Aug 28, 2020 | Aug 28, 2020 | JP¥10.00 | 1.09% |
FAQ
Click here for our free guide on how to buy WATTS CO.,LTD. Stock.
