SHINYEI KAISHA Stock Forecast
Green day on Thursday for SHINYEI KAISHA
(Updated on May 02, 2024)
The SHINYEI KAISHA stock price gained 1.13% on the last trading day (Thursday, 2nd May 2024), rising from JP¥1,686.00 to JP¥1,705.00. During the last trading day the stock fluctuated 2.13% from a day low at JP¥1,690.00 to a day high of JP¥1,726.00. The price has been going up and down for this period, and there has been a 10.43% gain for the last 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 7 thousand shares were bought and sold for approximately JP¥12.11 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 stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at JP¥1,739.77 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect SHINYEI KAISHA stock with a 90% probability to be traded between JP¥1,534.47 and JP¥1,730.75 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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3004.T Signals & Forecast
The SHINYEI KAISHA 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¥1,696.86 and JP¥1,654.80. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen -2.07%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for SHINYEI KAISHA stock
SHINYEI KAISHA finds support from accumulated volume at JP¥1,702.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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¥36.00 between high and low, or 2.13%. For the last week, the stock has had daily average volatility of 2.01%.
Our recommended stop-loss: JP¥1,640.27 (-3.80%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (3004.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect SHINYEI KAISHA to open at JP¥1,707.00, and during the day (based on 14 day Average True Range), to move between JP¥1,662.86 and JP¥1,747.14, which gives a possible trading interval of +/-JP¥42.14 (+/-2.47%) up or down from last closing price. If SHINYEI KAISHA takes out the full calculated possible swing range there will be an estimated 4.94% 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¥1,702.00 (0.18%) than the resistance at JP¥1,712.00 (0.41%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SHINYEI KAISHA stock A Buy?
SHINYEI KAISHA 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: 0.289 Hold/Accumulate Unchanged
Predicted Opening Price for SHINYEI KAISHA of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥1,707.00 ( 0.117%) | JP¥1,705.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3004.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,743.00 | 2.23 % | |
| R2 | 1,729.25 | 1.42 % | ||
| R1 | 1,720.75 | 0.92 % | ||
| Current price: | 1,705.00 | |||
| Support | S1 | 1,693.25 | -0.689 % | |
| S2 | 1,684.75 | -1.19 % | ||
| S3 | 1,671.00 | -1.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,741.00 | 2.11 % | |
| R2 | 1,720.00 | 0.88 % | ||
| R1 | 1,712.00 | 0.411 % | ||
| Current price | 1,705.00 | |||
| Support | S1 | 1,702.00 | -0.176% | |
| S2 | 1,588.00 | -6.86% | ||
| S3 | 1,555.00 | -8.80% |
3004 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥40.00 | 4.65% |
| 2 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥30.00 | 3.68% |
| 3 | Mar 28, 2018 | Mar 28, 2018 | Mar 28, 2018 | JP¥30.00 | 2.09% |
| 4 | Mar 29, 2017 | Mar 29, 2017 | Mar 29, 2017 | JP¥20.00 | 1.04% |
| 5 | Mar 29, 2016 | Mar 29, 2016 | Mar 29, 2016 | JP¥15.00 | 1.43% |
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