Wakou Shokuhin Co.,Ltd. Stock Forecast
Big movements in Wakou Shokuhin Co.,Ltd. stock price on Thursday moving 11.79% between high and low
(Updated on May 16, 2024)
The Wakou Shokuhin Co.,Ltd. stock price gained 15.97% on the last trading day (Thursday, 16th May 2024), rising from JP¥4,415.00 to JP¥5,120.00. During the last trading day the stock fluctuated 11.79% from a day low at JP¥4,580.00 to a day high of JP¥5,120.00. The price has fallen in 6 of the last 10 days but is still up by 22.05% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 102 thousand more shares were traded than the day before. In total, 129 thousand shares were bought and sold for approximately JP¥657.92 million.
The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at JP¥4,611.61, a level that may pose a second chance to hit a runner. According to fan-theory JP¥5,485.86 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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2813.T Signals & Forecast
The Wakou Shokuhin Co.,Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥4,065.71 and JP¥4,049.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has risen 37.82%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Wakou Shokuhin Co.,Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥4,175.00 and JP¥4,040.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Wakou Shokuhin Co.,Ltd. finds support just below today's level at JP¥4,175.00. If this is broken, then the next support from accumulated volume will be at JP¥4,040.00 and JP¥3,860.00.
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¥540.00 between high and low, or 11.79%. For the last week, the stock has had daily average volatility of 10.16%.
Our recommended stop-loss: JP¥4,929.54 (-3.72%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (2813.T) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Wakou Shokuhin Co.,Ltd. to open at JP¥4,940.00, and during the day (based on 14 day Average True Range), to move between JP¥4,838.13 and JP¥5,401.87, which gives a possible trading interval of +/-JP¥281.87 (+/-5.51%) up or down from last closing price. If Wakou Shokuhin Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 11.01% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥4,175.00, some JP¥945.00 (18.46%) from the current price of JP¥5,120.00, our system finds the risk reward attractive.
Is Wakou Shokuhin Co.,Ltd. stock A Buy?
Wakou Shokuhin Co.,Ltd. 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. 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 Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Wakou Shokuhin Co.,Ltd. of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| JP¥4,940.00 ( 3.52%) | JP¥5,120.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2813.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5,480.00 | 7.03 % | |
| R2 | 5,273.72 | 3.00 % | ||
| R1 | 5,146.28 | 0.513 % | ||
| Current price: | 5,120.00 | |||
| Support | S1 | 4,733.72 | -7.54 % | |
| S2 | 4,606.28 | -10.03 % | ||
| S3 | 4,400.00 | -14.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 5,120.00 | |||
| Support | S1 | 4,175.00 | -18.46% | |
| S2 | 4,040.00 | -21.09% | ||
| S3 | 3,860.00 | -24.61% |
2813 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥65.00 | 2.51% |
| 2 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥50.00 | 5.17% |
| 3 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥50.00 | 5.66% |
| 4 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥50.00 | 5.83% |
| 5 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥50.00 | 5.30% |
FAQ
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