SHIKIBO LTD. Stock Forecast
SHIKIBO LTD. stock price up 0.269% on Tuesday
(Updated on Jun 25, 2024)
The SHIKIBO LTD. stock price gained 0.269% on the last trading day (Tuesday, 25th Jun 2024), rising from JP¥1,117.00 to JP¥1,120.00. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 0.626% from a day low at JP¥1,119.00 to a day high of JP¥1,126.00. The price has risen in 7 of the last 10 days and is up by 2.28% over the past 2 weeks. Volume fell on the last day by -34 thousand shares and in total, 28 thousand shares were bought and sold for approximately JP¥31.81 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 is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect SHIKIBO LTD. stock with a 90% probability to be traded between JP¥1,013.41 and JP¥1,189.37 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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3109.T Signals & Forecast
Mostly positive signals in the chart today. The SHIKIBO 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¥1,108.71 and JP¥1,082.91. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 8.00%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for SHIKIBO LTD. stock
SHIKIBO LTD. finds support from accumulated volume at JP¥1,115.00 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¥7.00 between high and low, or 0.626%. For the last week the stock has had daily average volatility of 1.37%.
Since the SHIKIBO LTD. has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: JP¥1,084.38 (-3.18%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 73 days ago.)
Trading Expectations (3109.T) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect SHIKIBO LTD. to open at JP¥1,121.67, and during the day (based on 14 day Average True Range), to move between JP¥1,103.80 and JP¥1,136.20, which gives a possible trading interval of +/-JP¥16.20 (+/-1.45%) up or down from last closing price. If SHIKIBO LTD. takes out the full calculated possible swing range there will be an estimated 2.89% 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¥1,115.00 (0.45%) than the resistance at JP¥1,141.00 (1.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SHIKIBO LTD. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for SHIKIBO LTD. stock to perform well in the short-term period.
Current score: 1.172 Buy Candidate Unchanged
Predicted Opening Price for SHIKIBO LTD. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| JP¥1,121.67 ( 0.149%) | JP¥1,120.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3109.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,128.67 | 0.774% |
| R2 | 1,125.99 | 0.535% |
| R1 | 1,124.34 | 0.388% |
| Price | 1,120.00 | |
| S1 | 1,118.99 | -0.0899% |
| S2 | 1,117.34 | -0.237% |
| S3 | 1,114.67 | -0.476% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,221.00 | 9.02% |
| R2 | 1,217.00 | 8.66% |
| R1 | 1,141.00 | 1.88% |
| Price | 1,120.00 | |
| S1 | 1,115.00 | -0.446% |
| S2 | 1,094.00 | -2.32% |
| S3 | 1,069.00 | -4.55% |
3109 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 28, 2024 | JP¥50.00 | 4.46% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥50.00 | 5.10% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥40.00 | 4.50% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥40.00 | 3.96% |
FAQ
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