RS Technologies Co.,Ltd. Stock Forecast
Green day on Friday for RS Technologies Co.,Ltd.
(Updated on May 31, 2024)
The RS Technologies Co.,Ltd. stock price gained 1.30% on the last trading day (Friday, 31st May 2024), rising from JP¥3,070.00 to JP¥3,110.00. During the last trading day the stock fluctuated 1.63% from a day low at JP¥3,070.00 to a day high of JP¥3,120.00. The price has fallen in 6 of the last 10 days and is down by -3.12% for this period. Volume fell on the last day by -18 thousand shares and in total, 99 thousand shares were bought and sold for approximately JP¥307.58 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥3,012.19 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 13.98% during the next 3 months and, with a 90% probability hold a price between JP¥3,433.17 and JP¥4,201.29 at the end of this 3-month period.
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3445.T Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The RS Technologies 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¥3,142.14 and JP¥3,197.57. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -9.33%. 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).
Support, Risk & Stop-loss for RS Technologies Co.,Ltd. stock
RS Technologies Co.,Ltd. finds support from accumulated volume at JP¥3,040.00 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¥50.00 between high and low, or 1.63%. For the last week the stock has had daily average volatility of 2.44%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3445.T) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect RS Technologies Co.,Ltd. to open at JP¥3,100.00, and during the day (based on 14 day Average True Range), to move between JP¥3,017.09 and JP¥3,202.91, which gives a possible trading interval of +/-JP¥92.91 (+/-2.99%) 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 5.97% 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¥3,175.00 (2.09%) than the support at JP¥3,040.00 (2.25%), 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 RS Technologies Co.,Ltd. stock A Buy?
The RS Technologies Co.,Ltd. stock holds several negative signals and despite the positive trend, we believe RS Technologies Co.,Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.950 Sell Candidate Unchanged
Predicted Opening Price for RS Technologies Co.,Ltd. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| JP¥3,100.00 ( 0.322%) | JP¥3,110.00 |
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 | 3,150.00 | 1.29 % | |
| R2 | 3,130.90 | 0.672 % | ||
| R1 | 3,119.10 | 0.293 % | ||
| Current price: | 3,110.00 | |||
| Support | S1 | 3,080.90 | -0.94 % | |
| S2 | 3,069.10 | -1.32 % | ||
| S3 | 3,050.00 | -1.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,430.00 | 10.29 % | |
| R2 | 3,365.00 | 8.20 % | ||
| R1 | 3,175.00 | 2.09 % | ||
| Current price | 3,110.00 | |||
| Support | S1 | 3,040.00 | -2.25% | |
| S2 | 3,015.00 | -3.05% | ||
| S3 | 2,938.00 | -5.53% |
3445 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2024 | Dec 27, 2024 | Dec 27, 2024 | JP¥0 | 0% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | JP¥30.00 | 1.01% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥5.00 | 0.141% |
| 4 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥12.50 | 0.391% |
| 5 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | JP¥7.50 | 0.264% |
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