Sushiro Global Holdings Ltd. Stock Forecast
Sushiro Global Holdings Ltd. stock downgraded to Hold/Accumulate
(Updated on May 02, 2024)
The Sushiro Global Holdings Ltd. stock price fell by -1.60% on the last day (Thursday, 2nd May 2024) from JP¥3,005.00 to JP¥2,957.00. During the last trading day the stock fluctuated 2.21% from a day low at JP¥2,920.50 to a day high of JP¥2,985.00. The price has been going up and down for this period, and there has been a 0.53% gain for the last 2 weeks. Volume has increased on the last day by 261 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, 1 million shares were bought and sold for approximately JP¥3.67 billion.
The stock lies in the middle of a wide and weak 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 2.15% during the next 3 months and, with a 90% probability hold a price between JP¥2,953.96 and JP¥3,285.70 at the end of this 3-month period.
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3563.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 0.99%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sushiro Global Holdings 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¥2,986.71 and JP¥3,020.33. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
A sell signal from a double top formation was found on Tuesday, March 19, 2024 with a target of JP¥2,987.04. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for Sushiro Global Holdings Ltd. stock
Sushiro Global Holdings Ltd. finds support from accumulated volume at JP¥2,898.50 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¥64.50 between high and low, or 2.21%. For the last week, the stock has had daily average volatility of 2.57%.
Our recommended stop-loss: JP¥2,808.49 (-5.02%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (3563.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Sushiro Global Holdings Ltd. to open at JP¥2,954.17, and during the day (based on 14 day Average True Range), to move between JP¥2,871.31 and JP¥3,042.69, which gives a possible trading interval of +/-JP¥85.69 (+/-2.90%) up or down from last closing price. If Sushiro Global Holdings Ltd. takes out the full calculated possible swing range there will be an estimated 5.80% 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¥3,000.00 (1.45%) than the support at JP¥2,898.50 (1.98%), 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
Sushiro Global Holdings Ltd. will release earnings BMO on Friday, May 10, 2024.The consensus among the analysts for the expected earnings (EPS) is $26.03. We will update the financials statements for Sushiro Global Holdings Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 10.06% in the first trading day after earnings release.
Is Sushiro Global Holdings Ltd. stock A Buy?
Sushiro Global Holdings Ltd. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: -0.636 Hold/Accumulate Downgraded
Predicted Opening Price for Sushiro Global Holdings Ltd. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥2,954.17 ( 0.0958%) | JP¥2,957.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3563.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,018.67 | 2.09 % | |
| R2 | 2,994.03 | 1.25 % | ||
| R1 | 2,978.81 | 0.737 % | ||
| Current price: | 2,957.00 | |||
| Support | S1 | 2,929.53 | -0.93 % | |
| S2 | 2,914.31 | -1.44 % | ||
| S3 | 2,889.67 | -2.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,120.00 | 5.51 % | |
| R2 | 3,070.00 | 3.82 % | ||
| R1 | 3,000.00 | 1.45 % | ||
| Current price | 2,957.00 | |||
| Support | S1 | 2,898.50 | -1.98% | |
| S2 | 2,878.00 | -2.67% | ||
| S3 | 2,838.00 | -4.02% |
3563 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥22.50 | 0.98% |
| 3 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥22.50 | 0.429% |
| 4 | Sep 29, 2020 | Sep 29, 2020 | Sep 29, 2020 | JP¥15.00 | 0.559% |
| 5 | Sep 27, 2019 | Sep 27, 2019 | Sep 27, 2019 | JP¥22.50 | 1.25% |
FAQ
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