CHIKARANOMOTO HOLDINGS Co.,Ltd. Stock Forecast
CHIKARANOMOTO HOLDINGS Co.,Ltd. stock downgraded from Hold/Accumulate to Sell Candidate after Monday trading session.
(Updated on May 13, 2024)
The CHIKARANOMOTO HOLDINGS Co.,Ltd. stock price gained 0.584% on the last trading day (Monday, 13th May 2024), rising from JP¥1,540.00 to JP¥1,549.00. During the last trading day the stock fluctuated 2.07% from a day low at JP¥1,545.00 to a day high of JP¥1,577.00. The price has fallen in 6 of the last 10 days and is down by -11.13% for this period. Volume fell on the last day by -31 thousand shares and in total, 238 thousand shares were bought and sold for approximately JP¥368.20 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 weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥1,541.28 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 4.36% during the next 3 months and, with a 90% probability hold a price between JP¥1,608.41 and JP¥1,861.51 at the end of this 3-month period.
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3561.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has risen 0.584%. Further rise is indicated until a new top pivot has been found. 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 CHIKARANOMOTO HOLDINGS 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¥1,590.00 and JP¥1,658.03. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for CHIKARANOMOTO HOLDINGS Co.,Ltd. stock
CHIKARANOMOTO HOLDINGS Co.,Ltd. finds support from accumulated volume at JP¥1,546.00 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¥32.00 between high and low, or 2.07%. For the last week, the stock has had daily average volatility of 3.58%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3561.T) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect CHIKARANOMOTO HOLDINGS Co.,Ltd. to open at JP¥1,557.00, and during the day (based on 14 day Average True Range), to move between JP¥1,490.80 and JP¥1,607.20, which gives a possible trading interval of +/-JP¥58.20 (+/-3.76%) up or down from last closing price. If CHIKARANOMOTO HOLDINGS Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 7.51% 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¥1,546.00 (0.19%) than the resistance at JP¥1,610.00 (3.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
CHIKARANOMOTO HOLDINGS Co.,Ltd. will release earnings BMO on Wednesday, May 15, 2024. We will update the financials statements for CHIKARANOMOTO HOLDINGS Co.,Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 13.62% in the first trading day after earnings release.
Is CHIKARANOMOTO HOLDINGS Co.,Ltd. stock A Buy?
The CHIKARANOMOTO HOLDINGS Co.,Ltd. stock holds several negative signals and despite the positive trend, we believe CHIKARANOMOTO HOLDINGS Co.,Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.372 Sell Candidate Downgraded
Predicted Opening Price for CHIKARANOMOTO HOLDINGS Co.,Ltd. of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| JP¥1,557.00 ( 0.516%) | JP¥1,549.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3561.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,589.00 | 2.58 % | |
| R2 | 1,576.78 | 1.79 % | ||
| R1 | 1,569.22 | 1.31 % | ||
| Current price: | 1,549.00 | |||
| Support | S1 | 1,544.78 | -0.273 % | |
| S2 | 1,537.22 | -0.760 % | ||
| S3 | 1,525.00 | -1.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,687.00 | 8.91 % | |
| R2 | 1,637.00 | 5.68 % | ||
| R1 | 1,610.00 | 3.94 % | ||
| Current price | 1,549.00 | |||
| Support | S1 | 1,546.00 | -0.194% | |
| S2 | 1,513.00 | -2.32% | ||
| S3 | 1,471.00 | -5.04% |
3561 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥5.00 | 0.346% |
| 3 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥4.00 | 0.669% |
| 4 | Sep 27, 2019 | Sep 27, 2019 | Sep 27, 2019 | JP¥4.00 | 0.499% |
| 5 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥4.00 | 0.513% |
FAQ
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