Samty Co.,Ltd. Stock Forecast
Evaluation of Samty Co.,Ltd. stock downgraded after the last trading session.
(Updated on May 16, 2024)
The Samty Co.,Ltd. stock price fell by -0.375% on the last day (Thursday, 16th May 2024) from JP¥2,666.00 to JP¥2,656.00. During the last trading day the stock fluctuated 1.13% from a day low at JP¥2,645.00 to a day high of JP¥2,675.00. The price has been going up and down for this period, and there has been a -1.41% 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 -10 thousand shares and in total, 92 thousand shares were bought and sold for approximately JP¥245.15 million.
The stock has broken the wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at JP¥2,662.16. A reaction back to this level may hold a second chance to get out before further falls.
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3244.T Signals & Forecast
There are mixed signals in the stock today. The Samty 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¥2,680.14 and JP¥2,715.43. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 2.83%. 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).
Support, Risk & Stop-loss for Samty Co.,Ltd. stock
Samty Co.,Ltd. finds support from accumulated volume at JP¥2,626.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥30.00 (1.13%) between high and low. For the last week, the stock has had daily average volatility of 1.28%.
Our recommended stop-loss: JP¥2,504.24 (-5.71%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (3244.T) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Samty Co.,Ltd. to open at JP¥2,658.67, and during the day (based on 14 day Average True Range), to move between JP¥2,610.66 and JP¥2,701.34, which gives a possible trading interval of +/-JP¥45.34 (+/-1.71%) up or down from last closing price. If Samty Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 3.41% 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¥2,626.00 (1.13%) than the resistance at JP¥2,693.00 (1.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Samty Co.,Ltd. stock A Buy?
Samty 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: -0.025 Hold/Accumulate Downgraded
Predicted Opening Price for Samty Co.,Ltd. of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| JP¥2,658.67 ( 0.100%) | JP¥2,656.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3244.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,688.67 | 1.23 % | |
| R2 | 2,677.21 | 0.798 % | ||
| R1 | 2,670.13 | 0.532 % | ||
| Current price: | 2,656.00 | |||
| Support | S1 | 2,647.21 | -0.331 % | |
| S2 | 2,640.13 | -0.598 % | ||
| S3 | 2,628.67 | -1.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,805.00 | 5.61 % | |
| R2 | 2,761.00 | 3.95 % | ||
| R1 | 2,693.00 | 1.39 % | ||
| Current price | 2,656.00 | |||
| Support | S1 | 2,626.00 | -1.13% | |
| S2 | 2,616.00 | -1.51% | ||
| S3 | 2,600.00 | -2.11% |
3244 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | May 30, 2024 | JP¥0 | 0% |
| 2 | May 30, 2023 | May 30, 2023 | May 30, 2023 | JP¥39.00 | 1.83% |
| 3 | Nov 29, 2022 | Nov 29, 2022 | Nov 29, 2022 | JP¥51.00 | 2.22% |
| 4 | May 30, 2022 | May 30, 2022 | May 30, 2022 | JP¥39.00 | 1.94% |
| 5 | Nov 29, 2021 | Nov 29, 2021 | Nov 29, 2021 | JP¥51.00 | 2.25% |
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