SATO FOODS INDUSTRIES CO.,LTD. Stock Forecast
SATO FOODS INDUSTRIES CO.,LTD. stock upgraded from Hold/Accumulate to Strong Buy Candidate after Friday trading session.
(Updated on Jun 21, 2024)
The SATO FOODS INDUSTRIES CO.,LTD. stock price gained 3.00% on the last trading day (Friday, 21st Jun 2024), rising from JP¥2,136.00 to JP¥2,200.00. During the last trading day the stock fluctuated 2.33% from a day low at JP¥2,150.00 to a day high of JP¥2,200.00. The price has fallen in 5 of the last 10 days but is still up by 2.76% over the past 2 weeks. Volume fell on the last day by -300 shares and in total, 800 shares were bought and sold for approximately JP¥1.76 million. 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 in the middle of a weak 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 7.14% during the next 3 months and, with a 90% probability hold a price between JP¥2,254.88 and JP¥2,434.62 at the end of this 3-month period.
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2814.T Signals & Forecast
The SATO FOODS INDUSTRIES 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¥2,157.71 and JP¥2,138.57. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 9.89%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for SATO FOODS INDUSTRIES CO.,LTD. stock
SATO FOODS INDUSTRIES CO.,LTD. finds support from accumulated volume at JP¥2,141.00 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¥50.00 between high and low, or 2.33%. For the last week the stock has had daily average volatility of 0.783%.
Our recommended stop-loss: JP¥2,130.48 (-3.16%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 55 days ago.)
Trading Expectations (2814.T) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect SATO FOODS INDUSTRIES CO.,LTD. to open at JP¥2,183.33, and during the day (based on 14 day Average True Range), to move between JP¥2,175.35 and JP¥2,224.65, which gives a possible trading interval of +/-JP¥24.65 (+/-1.12%) up or down from last closing price. If SATO FOODS INDUSTRIES CO.,LTD. takes out the full calculated possible swing range there will be an estimated 2.24% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥2,141.00, some JP¥59.00 (2.68%) from the current price of JP¥2,200.00, our system finds the risk reward attractive.
Is SATO FOODS INDUSTRIES CO.,LTD. stock A Buy?
SATO FOODS INDUSTRIES CO.,LTD. holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.
Current score: 6.794 Strong Buy Candidate Upgraded
Predicted Opening Price for SATO FOODS INDUSTRIES CO.,LTD. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| JP¥2,183.33 ( 0.758%) | JP¥2,200.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2814.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,233.33 | 1.52% |
| R2 | 2,214.23 | 0.647% |
| R1 | 2,202.43 | 0.111% |
| Price | 2,200.00 | |
| S1 | 2,164.23 | -1.63% |
| S2 | 2,152.43 | -2.16% |
| S3 | 2,133.33 | -3.03% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 2,200.00 | |
| S1 | 2,141.00 | -2.68% |
| S2 | 2,015.00 | -8.41% |
| S3 | 2,002.00 | -9.00% |
2814 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 26, 2024 | JP¥20.00 | 0.91% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Dec 01, 2023 | JP¥18.00 | 1.03% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥20.00 | 1.21% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥15.00 | 0.94% |
FAQ
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