RS Technologies Co.,Ltd. Stock Forecast
Red day on Wednesday for RS Technologies Co.,Ltd. stock after losing 0.311%
(Updated on May 08, 2024)
The RS Technologies Co.,Ltd. stock price fell by -0.311% on the last day (Wednesday, 8th May 2024) from JP¥3,220.00 to JP¥3,210.00. During the last trading day the stock fluctuated 1.41% from a day low at JP¥3,200.00 to a day high of JP¥3,245.00. The price has risen in 5 of the last 10 days and is up by 5.59% over the past 2 weeks. Volume has increased on the last day by 11 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 85 thousand shares were bought and sold for approximately JP¥271.89 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 20.76% during the next 3 months and, with a 90% probability hold a price between JP¥3,621.08 and JP¥4,365.74 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
3445.T Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -6.41%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The RS Technologies 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¥3,171.43 and JP¥3,071.26. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for RS Technologies Co.,Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥2,938.00 and JP¥2,902.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, RS Technologies Co.,Ltd. finds support just below today's level at JP¥2,938.00. If this is broken, then the next support from accumulated volume will be at JP¥2,902.00 and JP¥2,618.00.
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¥45.00 between high and low, or 1.41%. For the last week, the stock has had daily average volatility of 1.93%.
Our recommended stop-loss: JP¥3,095.57 (-3.56%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (3445.T) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect RS Technologies Co.,Ltd. to open at JP¥3,218.33, and during the day (based on 14 day Average True Range), to move between JP¥3,100.19 and JP¥3,319.81, which gives a possible trading interval of +/-JP¥109.81 (+/-3.42%) up or down from last closing price. If RS Technologies Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 6.84% 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¥3,365.00 (4.83%) than the support at JP¥2,938.00 (8.47%), 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.
Earnings coming up
RS Technologies Co.,Ltd. will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for RS Technologies Co.,Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.14% in the first trading day after earnings release.
Is RS Technologies 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 RS Technologies Co.,Ltd. stock to perform well in the short-term.
Current score: 1.766 Buy Candidate Unchanged
Predicted Opening Price for RS Technologies Co.,Ltd. of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| JP¥3,218.33 ( 0.260%) | JP¥3,210.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3445.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,263.33 | 1.66 % | |
| R2 | 3,246.14 | 1.13 % | ||
| R1 | 3,235.52 | 0.795 % | ||
| Current price: | 3,210.00 | |||
| Support | S1 | 3,201.14 | -0.276 % | |
| S2 | 3,190.52 | -0.607 % | ||
| S3 | 3,173.33 | -1.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,430.00 | 6.85 % | |
| R2 | 3,390.00 | 5.61 % | ||
| R1 | 3,365.00 | 4.83 % | ||
| Current price | 3,210.00 | |||
| Support | S1 | 2,938.00 | -8.47% | |
| S2 | 2,902.00 | -9.60% | ||
| S3 | 2,618.00 | -18.44% |
3445 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | JP¥30.00 | 1.01% |
| 2 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥5.00 | 0.141% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥12.50 | 0.391% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | JP¥7.50 | 0.264% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | JP¥7.50 | 0.377% |
FAQ
Click here for our free guide on how to buy RS Technologies Co.,Ltd. Stock.
