ZIGExN Co.,Ltd. Stock Forecast
Weaker technical forecast for ZIGExN Co.,Ltd. as stock downgraded to Sell Candidate.
(Updated on Jun 21, 2024)
The ZIGExN Co.,Ltd. stock price fell by -4.17% on the last day (Friday, 21st Jun 2024) from JP¥624.00 to JP¥598.00. During the last trading day the stock fluctuated 4.19% from a day low at JP¥597.00 to a day high of JP¥622.00. The price has fallen in 5 of the last 10 days and is down by -5.97% for this period. Volume has increased on the last day by 326 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, 658 thousand shares were bought and sold for approximately JP¥393.19 million.
The stock lies in the middle of a very 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 8.83% during the next 3 months and, with a 90% probability hold a price between JP¥597.13 and JP¥751.10 at the end of this 3-month period.
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3679.T Signals & Forecast
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. The ZIGExN 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¥616.29 and JP¥617.89. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -9.94%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for ZIGExN Co.,Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥553.00 and JP¥552.00. 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, ZIGExN Co.,Ltd. finds support just below today's level at JP¥553.00. If this is broken, then the next support from accumulated volume will be at JP¥552.00 and JP¥540.00.
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¥25.00 (4.19%) between high and low. For the last week, the stock has had daily average volatility of 2.74%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3679.T) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect ZIGExN Co.,Ltd. to open at JP¥605.67, and during the day (based on 14 day Average True Range), to move between JP¥578.77 and JP¥617.23, which gives a possible trading interval of +/-JP¥19.23 (+/-3.22%) up or down from last closing price. If ZIGExN Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 6.43% 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¥624.00 (4.35%) than the support at JP¥553.00 (7.53%), 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 ZIGExN Co.,Ltd. stock A Buy?
The ZIGExN Co.,Ltd. stock holds several negative signals and despite the positive trend, we believe ZIGExN 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 Buy to a Sell candidate.
Current score: -4.987 Sell Candidate Downgraded
Predicted Opening Price for ZIGExN Co.,Ltd. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| JP¥605.67 ( 1.28%) | JP¥598.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3679.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 630.67 | 5.46% |
| R2 | 621.12 | 3.87% |
| R1 | 615.22 | 2.88% |
| Price | 598.00 | |
| S1 | 596.12 | -0.315% |
| S2 | 590.22 | -1.30% |
| S3 | 580.67 | -2.90% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 664.00 | 11.04% |
| R2 | 652.00 | 9.03% |
| R1 | 624.00 | 4.35% |
| Price | 598.00 | |
| S1 | 553.00 | -7.53% |
| S2 | 552.00 | -7.69% |
| S3 | 540.00 | -9.70% |
3679 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2025 | Mar 28, 2025 | Mar 28, 2025 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 13, 2024 | JP¥1.50 | 0.241% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥4.00 | 0.85% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥3.50 | 1.14% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥3.00 | 0.701% |
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