EBARA Foods Industry,Inc. Stock Forecast
EBARA Foods Industry,Inc. stock price down 0% on Friday
(Updated on May 31, 2024)
No changes to the price of EBARA Foods Industry,Inc. stock on the last trading day (Friday, 31st May 2024). During the last trading day the stock fluctuated 1.37% from a day low at JP¥2,847.00 to a day high of JP¥2,886.00. The price has risen in 5 of the last 10 days and is up by 1.16% over the past 2 weeks.
The stock lies the upper part of a 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¥2,918.57 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 -4.80% during the next 3 months and, with a 90% probability hold a price between JP¥2,615.35 and JP¥2,778.46 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.
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2819.T Signals & Forecast
The EBARA Foods Industry,Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥2,847.00 and JP¥2,863.57. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 23, 2024, and so far it has risen 2.30%. Further rise is indicated until a new top pivot has been found. 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). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
A buy signal from a double bottom formation was found on Thursday, May 23, 2024 and based on theory for this formation the price should go up by 2.68% to JP¥2,963.40 within 20 trading days since signal was issued (Monday, June 03, 2024).
Support, Risk & Stop-loss for EBARA Foods Industry,Inc. stock
EBARA Foods Industry,Inc. finds support from accumulated volume at JP¥2,871.00 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¥39.00 between high and low, or 1.37%. For the last week the stock has had daily average volatility of 1.13%.
Our recommended stop-loss: JP¥2,720.02 (-5.75%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (2819.T) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect EBARA Foods Industry,Inc. to open at JP¥2,873.00, and during the day (based on 14 day Average True Range), to move between JP¥2,847.03 and JP¥2,924.97, which gives a possible trading interval of +/-JP¥38.97 (+/-1.35%) up or down from last closing price. If EBARA Foods Industry,Inc. takes out the full calculated possible swing range there will be an estimated 2.70% 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¥2,871.00 (0.52%) than the resistance at JP¥2,963.00 (2.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is EBARA Foods Industry,Inc. stock A Buy?
EBARA Foods Industry,Inc. 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.
Current score: -0.967 Hold/Accumulate Unchanged
Predicted Opening Price for EBARA Foods Industry,Inc. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| JP¥2,873.00 ( 0.450%) | JP¥2,886.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2819.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,912.00 | 0.90 % | |
| R2 | 2,897.10 | 0.385 % | ||
| R1 | 2,887.90 | 0.0658 % | ||
| Current price: | 2,886.00 | |||
| Support | S1 | 2,858.10 | -0.97 % | |
| S2 | 2,848.90 | -1.29 % | ||
| S3 | 2,834.00 | -1.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,035.00 | 5.16 % | |
| R2 | 3,000.00 | 3.95 % | ||
| R1 | 2,963.00 | 2.67 % | ||
| Current price | 2,886.00 | |||
| Support | S1 | 2,871.00 | -0.520% | |
| S2 | 2,833.00 | -1.84% | ||
| S3 | 2,830.00 | -1.94% |
2819 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥20.00 | 0.645% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥20.00 | 0.655% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥21.00 | 0.744% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥19.00 | 0.748% |
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