FFRI,Inc. Stock Forecast
FFRI,Inc. stock downgraded from Buy Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Jun 27, 2024)
The FFRI,Inc. stock price gained 0.306% on the last trading day (Thursday, 27th Jun 2024), rising from JP¥1,963.00 to JP¥1,969.00. During the last trading day the stock fluctuated 2.92% from a day low at JP¥1,952.00 to a day high of JP¥2,009.00. The price has risen in 6 of the last 10 days and is up by 8.72% over the past 2 weeks. Volume fell on the last day by -58 thousand shares and in total, 57 thousand shares were bought and sold for approximately JP¥111.64 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 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 -11.20% during the next 3 months and, with a 90% probability hold a price between JP¥1,429.06 and JP¥1,948.25 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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3692.T Signals & Forecast
The FFRI,Inc. 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¥1,993.14. On a fall, the stock will find some support from the long-term average at approximately JP¥1,859.71. 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. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 15.62%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for FFRI,Inc. stock
FFRI,Inc. finds support from accumulated volume at JP¥1,964.00 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¥57.00 between high and low, or 2.92%. For the last week, the stock has had daily average volatility of 3.43%.
Our recommended stop-loss: JP¥1,907.17 (-3.14%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 52 days ago.)
Trading Expectations (3692.T) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect FFRI,Inc. to open at JP¥1,976.67, and during the day (based on 14 day Average True Range), to move between JP¥1,898.34 and JP¥2,039.66, which gives a possible trading interval of +/-JP¥70.66 (+/-3.59%) up or down from last closing price. If FFRI,Inc. takes out the full calculated possible swing range there will be an estimated 7.18% 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¥1,964.00 (0.25%) than the resistance at JP¥2,080.00 (5.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is FFRI,Inc. stock A Buy?
FFRI,Inc. 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. 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: -0.234 Hold/Accumulate Downgraded
Predicted Opening Price for FFRI,Inc. of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| JP¥1,976.67 ( 0.389%) | JP¥1,969.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3692.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,033.67 | 3.28% |
| R2 | 2,011.89 | 2.18% |
| R1 | 1,998.44 | 1.50% |
| Price | 1,969.00 | |
| S1 | 1,954.89 | -0.716% |
| S2 | 1,941.44 | -1.40% |
| S3 | 1,919.67 | -2.51% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,426.00 | 23.21% |
| R2 | 2,416.00 | 22.70% |
| R1 | 2,080.00 | 5.64% |
| Price | 1,969.00 | |
| S1 | 1,964.00 | -0.254% |
| S2 | 1,946.00 | -1.17% |
| S3 | 1,889.00 | -4.06% |
3692 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 01, 2024 | JP¥7.00 | 0.388% |
FAQ
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