Fixstars Corporation Stock Forecast
Evaluation of Fixstars Corporation stock downgraded after the last trading session.
(Updated on May 24, 2024)
The Fixstars Corporation stock price fell by -1.84% on the last day (Friday, 24th May 2024) from JP¥1,851.00 to JP¥1,817.00. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 2.83% from a day low at JP¥1,801.00 to a day high of JP¥1,852.00. The price has fallen in 7 of the last 10 days and is down by -6.39% for this period. 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 -99 thousand shares and in total, 156 thousand shares were bought and sold for approximately JP¥282.54 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -12.24% during the next 3 months and, with a 90% probability hold a price between JP¥1,419.80 and JP¥1,946.87 at the end of this 3-month period.
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3687.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 Fixstars Corporation 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¥1,907.57 and JP¥2,006.00. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 29, 2024, and so far it has fallen -24.57%. 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.
Support, Risk & Stop-loss for Fixstars Corporation stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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¥51.00 (2.83%) between high and low. For the last week, the stock has had daily average volatility of 4.86%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3687.T) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect Fixstars Corporation to open at JP¥1,823.33, and during the day (based on 14 day Average True Range), to move between JP¥1,723.97 and JP¥1,910.03, which gives a possible trading interval of +/-JP¥93.03 (+/-5.12%) up or down from last closing price. If Fixstars Corporation takes out the full calculated possible swing range there will be an estimated 10.24% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ JP¥1,967.00, some JP¥150.00 (8.26%) from the current price of JP¥1,817.00, our system finds the risk reward not very attractive.
Is Fixstars Corporation stock A Buy?
Fixstars Corporation holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore 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: -2.909 Sell Candidate Downgraded
Predicted Opening Price for Fixstars Corporation of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| JP¥1,823.33 ( 0.349%) | JP¥1,817.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3687.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,874.33 | 3.16 % | |
| R2 | 1,854.85 | 2.08 % | ||
| R1 | 1,842.82 | 1.42 % | ||
| Current price: | 1,817.00 | |||
| Support | S1 | 1,803.85 | -0.724 % | |
| S2 | 1,791.82 | -1.39 % | ||
| S3 | 1,772.33 | -2.46 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,217.00 | 22.01 % | |
| R2 | 2,056.00 | 13.15 % | ||
| R1 | 1,967.00 | 8.26 % | ||
| Current price | 1,817.00 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
3687 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¥10.00 | 0.93% |
| 3 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥5.00 | 0.629% |
| 4 | Sep 29, 2020 | Sep 29, 2020 | Sep 29, 2020 | JP¥5.00 | 0.442% |
| 5 | Sep 27, 2019 | Sep 27, 2019 | Sep 27, 2019 | JP¥7.50 | 0.515% |
FAQ
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