SATO FOODS INDUSTRIES CO.,LTD. Stock Forecast
Green day on Wednesday for SATO FOODS INDUSTRIES CO.,LTD.
(Updated on Jun 26, 2024)
The SATO FOODS INDUSTRIES CO.,LTD. stock price gained 0.559% on the last trading day (Wednesday, 26th Jun 2024), rising from JP¥2,148.00 to JP¥2,160.00. During the last trading day the stock fluctuated 0.559% from a day low at JP¥2,148.00 to a day high of JP¥2,160.00. The price has fallen in 6 of the last 10 days and is down by -0.37% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 300 more shares were traded than the day before. In total, 600 shares were bought and sold for approximately JP¥1.30 million.
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 6.81% during the next 3 months and, with a 90% probability hold a price between JP¥2,250.88 and JP¥2,428.63 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¥2,156.57 and JP¥2,143.54. A breakdown below any of these levels will issue sell signals. SATO FOODS INDUSTRIES CO.,LTD. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Friday, June 21, 2024, and so far it has fallen -1.82%. Further fall is indicated until a new bottom pivot has been found. 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¥12.00 between high and low, or 0.559%. For the last week the stock has had daily average volatility of 1.06%.
Our recommended stop-loss: JP¥2,056.12 (-4.81%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 45 days ago.)
Trading Expectations (2814.T) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect SATO FOODS INDUSTRIES CO.,LTD. to open at JP¥2,156.00, and during the day (based on 14 day Average True Range), to move between JP¥2,136.02 and JP¥2,183.98, which gives a possible trading interval of +/-JP¥23.98 (+/-1.11%) 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 2.22% 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¥2,166.00 (0.28%) than the support at JP¥2,141.00 (0.88%), 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 SATO FOODS INDUSTRIES CO.,LTD. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for SATO FOODS INDUSTRIES CO.,LTD. stock to perform well in the short-term.
Current score: 3.467 Buy Candidate Unchanged
Predicted Opening Price for SATO FOODS INDUSTRIES CO.,LTD. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| JP¥2,156.00 ( 0.185%) | JP¥2,160.00 |
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 | 2,168.00 | 0.370% |
| R2 | 2,163.42 | 0.158% |
| R1 | 2,160.58 | 0.0270% |
| Price | 2,160.00 | |
| S1 | 2,151.42 | -0.397% |
| S2 | 2,148.58 | -0.529% |
| S3 | 2,144.00 | -0.741% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,189.00 | 1.34% |
| R2 | 2,168.00 | 0.370% |
| R1 | 2,166.00 | 0.278% |
| Price | 2,160.00 | |
| S1 | 2,141.00 | -0.88% |
| S2 | 2,039.00 | -5.60% |
| S3 | 2,002.00 | -7.31% |
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 | 0.93% |
| 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% |
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