SFP Holdings Co.,Ltd. Stock Forecast
SFP Holdings Co.,Ltd. stock downgraded to Hold/Accumulate
(Updated on May 10, 2024)
The SFP Holdings Co.,Ltd. stock price fell by -0.82% on the last day (Friday, 10th May 2024) from JP¥2,078.00 to JP¥2,061.00. During the last trading day the stock fluctuated 1.31% from a day low at JP¥2,056.00 to a day high of JP¥2,083.00. The price has risen in 6 of the last 10 days and is up by 2.54% over the past 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 -9 thousand shares and in total, 22 thousand shares were bought and sold for approximately JP¥44.52 million.
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¥2,077.45 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect SFP Holdings Co.,Ltd. stock with a 90% probability to be traded between JP¥1,825.27 and JP¥2,046.22 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. 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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3198.T Signals & Forecast
The SFP Holdings Co.,Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥2,063.86. On a fall, the stock will find some support from the long-term average at approximately JP¥1,969.20. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Thursday, May 09, 2024, and so far it has fallen -0.82%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for SFP Holdings Co.,Ltd. stock
SFP Holdings Co.,Ltd. finds support from accumulated volume at JP¥2,055.00 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¥27.00 between high and low, or 1.31%. For the last week, the stock has had daily average volatility of 1.34%.
The SFP Holdings Co.,Ltd. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: JP¥1,982.87 (-3.79%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (3198.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect SFP Holdings Co.,Ltd. to open at JP¥2,066.67, and during the day (based on 14 day Average True Range), to move between JP¥2,028.99 and JP¥2,093.01, which gives a possible trading interval of +/-JP¥32.01 (+/-1.55%) up or down from last closing price. If SFP Holdings Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 3.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at JP¥2,065.00 (0.19%) than the support at JP¥2,055.00 (0.29%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is SFP Holdings Co.,Ltd. stock A Buy?
SFP Holdings Co.,Ltd. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.310 Hold/Accumulate Downgraded
Predicted Opening Price for SFP Holdings Co.,Ltd. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥2,066.67 ( 0.275%) | JP¥2,061.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3198.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,093.67 | 1.58 % | |
| R2 | 2,083.35 | 1.08 % | ||
| R1 | 2,076.98 | 0.775 % | ||
| Current price: | 2,061.00 | |||
| Support | S1 | 2,056.35 | -0.225 % | |
| S2 | 2,049.98 | -0.535 % | ||
| S3 | 2,039.67 | -1.04 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,093.00 | 1.55 % | |
| R2 | 2,090.00 | 1.41 % | ||
| R1 | 2,065.00 | 0.194 % | ||
| Current price | 2,061.00 | |||
| Support | S1 | 2,055.00 | -0.291% | |
| S2 | 1,983.00 | -3.78% | ||
| S3 | 1,920.00 | -6.84% |
3198 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | JP¥10.00 | 0.586% |
| 2 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | JP¥10.00 | 0.586% |
| 3 | Feb 25, 2022 | Feb 25, 2022 | Feb 25, 2022 | JP¥10.00 | 0.737% |
| 4 | Feb 27, 2020 | Feb 27, 2020 | Feb 27, 2020 | JP¥13.00 | 0.696% |
| 5 | Aug 29, 2019 | Aug 29, 2019 | Aug 29, 2019 | JP¥13.00 | 0.625% |
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