Ubicom Holdings,Inc. Stock Forecast
Strong day for Ubicom Holdings,Inc. stock price on Thursday rising 5.94% to JP¥1,374.00
(Updated on Jun 27, 2024)
The Ubicom Holdings,Inc. stock price gained 5.94% on the last trading day (Thursday, 27th Jun 2024), rising from JP¥1,297.00 to JP¥1,374.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.46% from a day low at JP¥1,328.00 to a day high of JP¥1,374.00. The price has risen in 6 of the last 10 days and is up by 9.57% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 100 thousand more shares were traded than the day before. In total, 132 thousand shares were bought and sold for approximately JP¥181.23 million.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at JP¥1,374.53 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.92% during the next 3 months and, with a 90% probability hold a price between JP¥1,198.96 and JP¥1,455.84 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.
3937.T Signals & Forecast
The Ubicom Holdings,Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥1,284.71 and JP¥1,235.49. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 24.23%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Ubicom Holdings,Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥1,209.00 and JP¥1,195.00. 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, Ubicom Holdings,Inc. finds support just below today's level at JP¥1,209.00. If this is broken, then the next support from accumulated volume will be at JP¥1,195.00 and JP¥1,190.00.
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¥46.00 between high and low, or 3.46%. For the last week, the stock has had daily average volatility of 3.11%.
Our recommended stop-loss: JP¥1,323.71 (-3.66%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 32 days ago.)
Trading Expectations (3937.T) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Ubicom Holdings,Inc. to open at JP¥1,358.67, and during the day (based on 14 day Average True Range), to move between JP¥1,331.27 and JP¥1,416.73, which gives a possible trading interval of +/-JP¥42.73 (+/-3.11%) up or down from last closing price. If Ubicom Holdings,Inc. takes out the full calculated possible swing range there will be an estimated 6.22% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥1,209.00, some JP¥165.00 (12.01%) from the current price of JP¥1,374.00, our system finds the risk reward attractive.
Is Ubicom Holdings,Inc. stock A Buy?
Ubicom Holdings,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: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Ubicom Holdings,Inc. of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| JP¥1,358.67 ( 1.12%) | JP¥1,374.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3937.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,404.67 | 2.23% |
| R2 | 1,387.09 | 0.95% |
| R1 | 1,376.24 | 0.163% |
| Price | 1,374.00 | |
| S1 | 1,341.09 | -2.39% |
| S2 | 1,330.24 | -3.18% |
| S3 | 1,312.67 | -4.46% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 1,374.00 | |
| S1 | 1,209.00 | -12.01% |
| S2 | 1,195.00 | -13.03% |
| S3 | 1,190.00 | -13.39% |
3937 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Jun 01, 2024 | JP¥11.00 | 0.93% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥11.00 | 0.525% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥9.00 | 0.361% |
| 4 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥7.00 | 0.233% |
| 5 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥5.00 | 0.359% |
FAQ
Click here for our free guide on how to buy Ubicom Holdings,Inc. Stock.
