SHOWA PAXXS CORPORATION Stock Forecast
SHOWA PAXXS CORPORATION stock downgraded to Hold/Accumulate
(Updated on Jul 03, 2024)
No changes to the price of SHOWA PAXXS CORPORATION stock on the last trading day (Wednesday, 3rd Jul 2024). During the last trading day the stock fluctuated 0% from a day low at JP¥2,134.00 to a day high of JP¥2,134.00. The price has risen in 6 of the last 10 days and is up by 4.1% over the past 2 weeks.
The stock lies in the upper part of a strong 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¥2,166.35 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 13.01% during the next 3 months and, with a 90% probability hold a price between JP¥2,235.38 and JP¥2,448.11 at the end of this 3-month period.
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3954.T Signals & Forecast
The SHOWA PAXXS CORPORATION 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¥2,128.14 and JP¥2,003.23. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen -0.744%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for SHOWA PAXXS CORPORATION stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥2,004.00 and JP¥1,880.00. 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, SHOWA PAXXS CORPORATION finds support just below today's level at JP¥2,004.00. If this is broken, then the next support from accumulated volume will be at JP¥1,880.00 and JP¥1,873.00.
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¥0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0.357%.
Our recommended stop-loss: JP¥2,055.48 (-3.68%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 24 days ago.)
Trading Expectations (3954.T) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect SHOWA PAXXS CORPORATION to open at JP¥2,134.00, and during the day (based on 14 day Average True Range), to move between JP¥2,103.59 and JP¥2,164.41, which gives a possible trading interval of +/-JP¥30.41 (+/-1.43%) up or down from last closing price. If SHOWA PAXXS CORPORATION takes out the full calculated possible swing range there will be an estimated 2.85% 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¥2,135.00 (0.05%) than the support at JP¥2,004.00 (6.09%), 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 SHOWA PAXXS CORPORATION stock A Buy?
SHOWA PAXXS CORPORATION 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 SHOWA PAXXS CORPORATION of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| JP¥2,134.00 ( 0%) | JP¥2,134.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3954.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,134.00 | - |
| R2 | 2,134.00 | - |
| R1 | 2,134.00 | - |
| Price | 2,134.00 | |
| S1 | 2,134.00 | - |
| S2 | 2,134.00 | - |
| S3 | 2,134.00 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 2,150.00 | 0.750% |
| R1 | 2,135.00 | 0.0469% |
| Price | 2,134.00 | |
| S1 | 2,004.00 | -6.09% |
| S2 | 1,880.00 | -11.90% |
| S3 | 1,873.00 | -12.23% |
3954 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 28, 2024 | JP¥20.00 | 0.95% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Dec 05, 2023 | JP¥20.00 | 1.20% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥20.00 | 1.27% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥20.00 | 1.31% |
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