Fibocom Wireless Inc Stock Forecast
Fibocom Wireless Inc stock price fell more than -6.43% Tuesday closing at ¥14.41
(Updated on Apr 16, 2024)
The Fibocom Wireless Inc stock price fell by -6.43% on the last day (Tuesday, 16th Apr 2024) from ¥15.40 to ¥14.41. During the last trading day the stock fluctuated 8.07% from a day low at ¥14.38 to a day high of ¥15.54. The price has fallen in 6 of the last 10 days and is down by -16.75% for this period. Volume has increased on the last day by 2 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 21 million shares were bought and sold for approximately ¥297.42 million.
The stock lies in the middle of a very wide and strong 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 11.02% during the next 3 months and, with a 90% probability hold a price between ¥14.94 and ¥20.18 at the end of this 3-month period.
300638.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The Fibocom Wireless Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ¥15.38 and ¥16.52. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -19.50%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Fibocom Wireless Inc stock
Fibocom Wireless Inc finds support from accumulated volume at ¥14.02 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 ¥1.16 between high and low, or 8.07%. For the last week, the stock has had daily average volatility of 10.10%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300638.SZ) For The Upcoming Trading Day Of Wednesday 17th
For the upcoming trading day on Wednesday, 17th we expect Fibocom Wireless Inc to open at ¥14.78, and during the day (based on 14 day Average True Range), to move between ¥13.17 and ¥15.65, which gives a possible trading interval of +/-¥1.24 (+/-8.57%) up or down from last closing price. If Fibocom Wireless Inc takes out the full calculated possible swing range there will be an estimated 17.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥14.02 (2.71%) than the resistance at ¥15.55 (7.91%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Fibocom Wireless Inc stock A Buy?
The Fibocom Wireless Inc stock holds several negative signals and despite the positive trend, we believe Fibocom Wireless Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.531 Sell Candidate Unchanged
Predicted Opening Price for Fibocom Wireless Inc of Wednesday, April 17, 2024
| Fair opening price April 17, 2024 | Current price |
|---|---|
| ¥14.78 ( 2.54%) | ¥14.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300638.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.94 | 10.59 % | |
| R2 | 15.49 | 7.52 % | ||
| R1 | 15.22 | 5.62 % | ||
| Current price: | 14.41 | |||
| Support | S1 | 14.33 | -0.531 % | |
| S2 | 14.06 | -2.43 % | ||
| S3 | 13.62 | -5.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.31 | 20.12 % | |
| R2 | 17.24 | 19.64 % | ||
| R1 | 15.55 | 7.91 % | ||
| Current price | 14.41 | |||
| Support | S1 | 14.02 | -2.71% | |
| S2 | 13.30 | -7.70% | ||
| S3 | 12.06 | -16.31% |
300638 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 01, 2023 | Jun 01, 2023 | Jun 01, 2023 | ¥0.100 | 0.459% |
| 2 | May 23, 2022 | May 23, 2022 | May 23, 2022 | ¥0.200 | 1.06% |
| 3 | May 25, 2021 | May 25, 2021 | May 25, 2021 | ¥0.118 | 0.586% |
| 4 | May 20, 2020 | May 20, 2020 | May 20, 2020 | ¥0.0871 | 0.587% |
| 5 | Apr 25, 2019 | Apr 25, 2019 | Apr 25, 2019 | ¥0.0545 | 0.534% |
FAQ
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