Sushiro Global Holdings Ltd. Stock Forecast
Red day on Friday for Sushiro Global Holdings Ltd.
(Updated on May 17, 2024)
The Sushiro Global Holdings Ltd. stock price fell by -1.17% on the last day (Friday, 17th May 2024) from JP¥3,068.00 to JP¥3,032.00. During the last trading day the stock fluctuated 1.23% from a day low at JP¥3,017.00 to a day high of JP¥3,054.00. The price has been going up and down for this period, and there has been a 0.9% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -96 thousand shares and in total, 1 million shares were bought and sold for approximately JP¥3.41 billion.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Sushiro Global Holdings Ltd. stock with a 90% probability to be traded between JP¥2,860.95 and JP¥3,202.72 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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3563.T Signals & Forecast
The Sushiro Global Holdings Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥3,034.29. On a fall, the stock will find some support from the long-term average at approximately JP¥3,014.27. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Tuesday, May 14, 2024, and so far it has fallen -3.41%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
A buy signal from a double bottom formation was found on Thursday, May 09, 2024 and based on theory for this formation the price should go up by 3.51% to JP¥3,138.50 within 25 trading days since signal was issued (Monday, May 20, 2024).
Support, Risk & Stop-loss for Sushiro Global Holdings Ltd. stock
Sushiro Global Holdings Ltd. finds support from accumulated volume at JP¥3,031.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥37.00 (1.23%) between high and low. For the last week, the stock has had daily average volatility of 3.67%.
Our recommended stop-loss: JP¥2,876.79 (-5.12%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (3563.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Sushiro Global Holdings Ltd. to open at JP¥3,034.33, and during the day (based on 14 day Average True Range), to move between JP¥2,921.13 and JP¥3,142.87, which gives a possible trading interval of +/-JP¥110.87 (+/-3.66%) 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 7.31% 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¥3,031.00 (0.03%) than the resistance at JP¥3,038.00 (0.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sushiro Global Holdings Ltd. stock A Buy?
Sushiro Global Holdings Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.037 Hold/Accumulate Unchanged
Predicted Opening Price for Sushiro Global Holdings Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥3,034.33 ( 0.0770%) | JP¥3,032.00 |
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 | 3,071.33 | 1.30 % | |
| R2 | 3,057.20 | 0.83 % | ||
| R1 | 3,048.47 | 0.543 % | ||
| Current price: | 3,032.00 | |||
| Support | S1 | 3,020.20 | -0.389 % | |
| S2 | 3,011.47 | -0.677 % | ||
| S3 | 2,997.33 | -1.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,079.00 | 1.55 % | |
| R2 | 3,068.00 | 1.19 % | ||
| R1 | 3,038.00 | 0.198 % | ||
| Current price | 3,032.00 | |||
| Support | S1 | 3,031.00 | -0.0330% | |
| S2 | 3,000.00 | -1.06% | ||
| S3 | 2,862.00 | -5.61% |
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% |
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