OSAKA SODA CO.,LTD. Stock Forecast
Red day on Thursday for OSAKA SODA CO.,LTD.
(Updated on Mar 28, 2024)
The OSAKA SODA CO.,LTD. stock price fell by -2.15% on the last day (Thursday, 28th Mar 2024) from JP¥9,790.00 to JP¥9,580.00. During the last trading day the stock fluctuated 3.15% from a day low at JP¥9,510.00 to a day high of JP¥9,810.00. The price has been going up and down for this period, and there has been a -9.11% loss for the last 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 -44 thousand shares and in total, 101 thousand shares were bought and sold for approximately JP¥963.75 million.
Given the current short-term trend, the stock is expected to rise 13.00% during the next 3 months and, with a 90% probability hold a price between JP¥10,825.75 and JP¥14,338.43 at the end of this 3-month period.
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4046.T Signals & Forecast
There are few to no technical positive signals at the moment. The OSAKA SODA CO.,LTD. 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¥10,097.14 and JP¥10,932.86. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, February 13, 2024, and so far it has fallen -19.63%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 OSAKA SODA CO.,LTD. stock
OSAKA SODA CO.,LTD. finds support from accumulated volume at JP¥9,520.00 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¥300.00 between high and low, or 3.15%. For the last week, the stock has had daily average volatility of 3.97%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (4046.T) For The Upcoming Trading Day Of Friday 29th
For the upcoming trading day on Friday, 29th we expect OSAKA SODA CO.,LTD. to open at JP¥9,633.33, and during the day (based on 14 day Average True Range), to move between JP¥9,133.55 and JP¥10,026.45, which gives a possible trading interval of +/-JP¥446.45 (+/-4.66%) up or down from last closing price. If OSAKA SODA CO.,LTD. takes out the full calculated possible swing range there will be an estimated 9.32% 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¥9,520.00 (0.63%) than the resistance at JP¥10,680.00 (11.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is OSAKA SODA CO.,LTD. stock A Buy?
The OSAKA SODA CO.,LTD. stock holds several negative signals and despite the positive trend, we believe OSAKA SODA CO.,LTD. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.018 Sell Candidate Unchanged
Predicted Opening Price for OSAKA SODA CO.,LTD. of Friday, March 29, 2024
Fair opening price March 29, 2024 | Current price |
---|---|
JP¥9,633.33 ( 0.557%) | JP¥9,580.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4046.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9,933.33 | 3.69 % | |
R2 | 9,818.73 | 2.49 % | ||
R1 | 9,747.93 | 1.75 % | ||
Current price: | 9,580.00 | |||
Support | S1 | 9,518.73 | -0.640 % | |
S2 | 9,447.93 | -1.38 % | ||
S3 | 9,333.33 | -2.57 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11,920.00 | 24.43 % | |
R2 | 10,840.00 | 13.15 % | ||
R1 | 10,680.00 | 11.48 % | ||
Current price | 9,580.00 | |||
Support | S1 | 9,520.00 | -0.626% | |
S2 | 9,480.00 | -1.04% | ||
S3 | 8,880.00 | -7.31% |
4046 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¥45.00 | 1.09% |
3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥45.00 | 1.19% |
4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥45.00 | 1.43% |
5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥35.00 | 1.28% |
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