INABA SEISAKUSHO Co.,Ltd. Stock Forecast
INABA SEISAKUSHO Co.,Ltd. stock upgraded from Sell Candidate to Buy Candidate after Friday trading session.
(Updated on May 17, 2024)
The INABA SEISAKUSHO Co.,Ltd. stock price gained 1.57% on the last trading day (Friday, 17th May 2024), rising from JP¥1,786.00 to JP¥1,814.00. During the last trading day the stock fluctuated 2.08% from a day low at JP¥1,777.00 to a day high of JP¥1,814.00. The price has fallen in 6 of the last 10 days but is still up by 0.22% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 24 thousand shares were bought and sold for approximately JP¥43.90 million.
The stock lies in the middle of a 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 24.00% during the next 3 months and, with a 90% probability hold a price between JP¥2,188.30 and JP¥2,467.21 at the end of this 3-month period.
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3421.T Signals & Forecast
The INABA SEISAKUSHO Co.,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¥1,797.43 and JP¥1,794.69. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Friday, April 12, 2024, and so far it has fallen -1.73%. 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). The stock had a Golden Star Signal on Friday, March 15, 2024 in the short-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
The stock had a Golden Star Signal on Friday, March 15, 2024 in the short-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.
Support, Risk & Stop-loss for INABA SEISAKUSHO Co.,Ltd. stock
INABA SEISAKUSHO Co.,Ltd. finds support from accumulated volume at JP¥1,789.00 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¥37.00 between high and low, or 2.08%. For the last week the stock has had daily average volatility of 1.51%.
Our recommended stop-loss: JP¥1,739.82 (-4.09%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 22 days ago.)
Trading Expectations (3421.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect INABA SEISAKUSHO Co.,Ltd. to open at JP¥1,801.67, and during the day (based on 14 day Average True Range), to move between JP¥1,780.77 and JP¥1,847.23, which gives a possible trading interval of +/-JP¥33.23 (+/-1.83%) up or down from last closing price. If INABA SEISAKUSHO Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 3.66% 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¥1,819.00 (0.28%) than the support at JP¥1,789.00 (1.38%), 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 INABA SEISAKUSHO Co.,Ltd. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for INABA SEISAKUSHO Co.,Ltd. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 3.297 Buy Candidate Upgraded
Predicted Opening Price for INABA SEISAKUSHO Co.,Ltd. of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
JP¥1,801.67 ( 0.680%) | JP¥1,814.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3421.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1,838.67 | 1.36 % | |
R2 | 1,824.53 | 0.581 % | ||
R1 | 1,815.80 | 0.0993 % | ||
Current price: | 1,814.00 | |||
Support | S1 | 1,787.53 | -1.46 % | |
S2 | 1,778.80 | -1.94 % | ||
S3 | 1,764.67 | -2.72 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1,834.00 | 1.10 % | |
R2 | 1,832.00 | 0.99 % | ||
R1 | 1,819.00 | 0.276 % | ||
Current price | 1,814.00 | |||
Support | S1 | 1,789.00 | -1.38% | |
S2 | 1,684.00 | -7.17% | ||
S3 | 1,645.00 | -9.32% |
3421 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 30, 2024 | Jul 30, 2024 | Jul 30, 2024 | JP¥0 | 0% |
2 | Jul 28, 2023 | Jul 28, 2023 | Jul 28, 2023 | JP¥13.00 | 0.86% |
3 | Jan 30, 2023 | Jan 30, 2023 | Jan 30, 2023 | JP¥13.00 | 0.94% |
4 | Jul 28, 2022 | Jul 28, 2022 | Jul 28, 2022 | JP¥13.00 | 0.97% |
5 | Jan 28, 2022 | Jan 28, 2022 | Jan 28, 2022 | JP¥13.00 | 1.04% |
FAQ
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