Misawa & Co.,Ltd. Stock Forecast
Misawa & Co.,Ltd. stock price down 0.162% on Thursday
(Updated on May 02, 2024)
The Misawa & Co.,Ltd. stock price fell by -0.162% on the last day (Thursday, 2nd May 2024) from JP¥618.00 to JP¥617.00. During the last trading day the stock fluctuated 0.324% from a day low at JP¥617.00 to a day high of JP¥619.00. The price has been going up and down for this period, and there has been a -0.48% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 thousand shares and in total, 5 thousand shares were bought and sold for approximately JP¥2.78 million.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Misawa & Co.,Ltd. stock with a 90% probability to be traded between JP¥609.78 and JP¥630.52 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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3169.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 0.325%. 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. The Misawa & Co.,Ltd. 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 JP¥618.57 and JP¥622.14. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Friday, August 25, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, August 25, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A buy signal from a double bottom formation was found on Friday, April 26, 2024 and based on theory for this formation the price should go up by 5.67% to JP¥652.00 within 38 trading days since signal was issued (Tuesday, May 07, 2024).
Support, Risk & Stop-loss for Misawa & Co.,Ltd. stock
Misawa & Co.,Ltd. finds support from accumulated volume at JP¥616.00 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¥2.00 between high and low, or 0.324%. For the last week the stock has had daily average volatility of 0.584%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3169.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Misawa & Co.,Ltd. to open at JP¥617.67, and during the day (based on 14 day Average True Range), to move between JP¥613.00 and JP¥621.00, which gives a possible trading interval of +/-JP¥4.00 (+/-0.65%) up or down from last closing price. If Misawa & Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 1.30% 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¥616.00 (0.16%) than the resistance at JP¥621.00 (0.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Misawa & Co.,Ltd. stock A Buy?
Misawa & Co.,Ltd. holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.187 Sell Candidate Unchanged
Predicted Opening Price for Misawa & Co.,Ltd. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥617.67 ( 0.108%) | JP¥617.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3169.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 619.67 | 0.432 % | |
| R2 | 618.90 | 0.308 % | ||
| R1 | 618.43 | 0.232 % | ||
| Current price: | 617.00 | |||
| Support | S1 | 616.90 | -0.0158 % | |
| S2 | 616.43 | -0.0923 % | ||
| S3 | 615.67 | -0.216 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 624.00 | 1.13 % | |
| R2 | 623.00 | 0.97 % | ||
| R1 | 621.00 | 0.648 % | ||
| Current price | 617.00 | |||
| Support | S1 | 616.00 | -0.162% | |
| S2 | 615.00 | -0.324% | ||
| S3 | 614.00 | -0.486% |
3169 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 30, 2025 | Jan 30, 2025 | Jan 30, 2025 | JP¥0 | 0% |
| 2 | Jan 30, 2023 | Jan 30, 2023 | Jan 30, 2023 | JP¥10.00 | 1.61% |
| 3 | Jan 28, 2022 | Jan 28, 2022 | Jan 28, 2022 | JP¥10.00 | 1.54% |
| 4 | Jan 28, 2021 | Jan 28, 2021 | Jan 28, 2021 | JP¥8.00 | 1.14% |
| 5 | Jan 30, 2020 | Jan 30, 2020 | Jan 30, 2020 | JP¥8.00 | 1.26% |
FAQ
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