Chuetsu Pulp & Paper Co.,Ltd. Stock Forecast
Red day on Thursday for Chuetsu Pulp & Paper Co.,Ltd.
(Updated on May 09, 2024)
The Chuetsu Pulp & Paper Co.,Ltd. stock price fell by -0.294% on the last day (Thursday, 9th May 2024) from JP¥1,703.00 to JP¥1,698.00. During the last trading day the stock fluctuated 1.66% from a day low at JP¥1,684.00 to a day high of JP¥1,712.00. The price has risen in 5 of the last 10 days and is up by 0.59% over the past 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 -16 thousand shares and in total, 21 thousand shares were bought and sold for approximately JP¥34.98 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥1,652.33 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -8.04% during the next 3 months and, with a 90% probability hold a price between JP¥1,519.45 and JP¥1,732.94 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
3877.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 2.23%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Chuetsu Pulp & Paper Co.,Ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥1,793.60. On a fall, the stock will find some support from the short-term average at JP¥1,691.14. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 Chuetsu Pulp & Paper Co.,Ltd. stock
Chuetsu Pulp & Paper Co.,Ltd. finds support from accumulated volume at JP¥1,695.00 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¥28.00 between high and low, or 1.66%. For the last week, the stock has had daily average volatility of 1.61%.
Our recommended stop-loss: JP¥1,607.62 (-5.32%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (3877.T) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Chuetsu Pulp & Paper Co.,Ltd. to open at JP¥1,698.00, and during the day (based on 14 day Average True Range), to move between JP¥1,663.59 and JP¥1,732.41, which gives a possible trading interval of +/-JP¥34.41 (+/-2.03%) up or down from last closing price. If Chuetsu Pulp & Paper Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 4.05% 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¥1,695.00 (0.18%) than the resistance at JP¥1,829.00 (7.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Chuetsu Pulp & Paper Co.,Ltd. will release earnings BMO on Tuesday, May 14, 2024. We will update the financials statements for Chuetsu Pulp & Paper Co.,Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 10.24% in the first trading day after earnings release.
Is Chuetsu Pulp & Paper Co.,Ltd. stock A Buy?
Chuetsu Pulp & Paper Co.,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: -0.208 Hold/Accumulate Unchanged
Predicted Opening Price for Chuetsu Pulp & Paper Co.,Ltd. of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| JP¥1,698.00 ( 0%) | JP¥1,698.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3877.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,726.00 | 1.65 % | |
| R2 | 1,715.30 | 1.02 % | ||
| R1 | 1,708.70 | 0.630 % | ||
| Current price: | 1,698.00 | |||
| Support | S1 | 1,687.30 | -0.630 % | |
| S2 | 1,680.70 | -1.02 % | ||
| S3 | 1,670.00 | -1.65 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,955.00 | 15.14 % | |
| R2 | 1,879.00 | 10.66 % | ||
| R1 | 1,829.00 | 7.71 % | ||
| Current price | 1,698.00 | |||
| Support | S1 | 1,695.00 | -0.177% | |
| S2 | 1,688.00 | -0.589% | ||
| S3 | 1,674.00 | -1.41% |
3877 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥30.00 | 2.99% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥20.00 | 2.14% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥20.00 | 2.08% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥20.00 | 1.64% |
FAQ
Click here for our free guide on how to buy Chuetsu Pulp & Paper Co.,Ltd. Stock.
