Sakai Chemical Industry Co.,Ltd. Stock Forecast
Sakai Chemical Industry Co.,Ltd. stock price down 0.342% on Thursday
(Updated on May 02, 2024)
The Sakai Chemical Industry Co.,Ltd. stock price fell by -0.342% on the last day (Thursday, 2nd May 2024) from JP¥2,044.00 to JP¥2,037.00. During the last trading day the stock fluctuated 1.13% from a day low at JP¥2,029.00 to a day high of JP¥2,052.00. The price has fallen in 6 of the last 10 days but is still up by 0.49% 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 -4 thousand shares and in total, 22 thousand shares were bought and sold for approximately JP¥44.20 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.57% during the next 3 months and, with a 90% probability hold a price between JP¥2,025.50 and JP¥2,192.05 at the end of this 3-month period.
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4078.T Signals & Forecast
The Sakai Chemical Industry Co.,Ltd. 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¥2,028.29 and JP¥1,990.89. A breakdown below any of these levels will issue sell signals. 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 Friday, April 12, 2024, and so far it has fallen -1.88%. 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 Sakai Chemical Industry Co.,Ltd. stock
Sakai Chemical Industry Co.,Ltd. finds support from accumulated volume at JP¥2,000.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved JP¥23.00 between high and low, or 1.13%. For the last week the stock has had daily average volatility of 1.58%.
Our recommended stop-loss: JP¥1,949.35 (-4.30%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (4078.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Sakai Chemical Industry Co.,Ltd. to open at JP¥2,039.33, and during the day (based on 14 day Average True Range), to move between JP¥2,002.92 and JP¥2,071.08, which gives a possible trading interval of +/-JP¥34.08 (+/-1.67%) up or down from last closing price. If Sakai Chemical Industry Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 3.35% 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¥2,046.00 (0.44%) than the support at JP¥2,000.00 (1.82%), 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.
Earnings coming up
Sakai Chemical Industry Co.,Ltd. will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for Sakai Chemical Industry Co.,Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.89% in the first trading day after earnings release.
Is Sakai Chemical Industry Co.,Ltd. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Sakai Chemical Industry Co.,Ltd. stock to perform well in the short-term.
Current score: 1.104 Buy Candidate Unchanged
Predicted Opening Price for Sakai Chemical Industry Co.,Ltd. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥2,039.33 ( 0.115%) | JP¥2,037.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4078.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,062.33 | 1.24 % | |
| R2 | 2,053.55 | 0.81 % | ||
| R1 | 2,048.12 | 0.546 % | ||
| Current price: | 2,037.00 | |||
| Support | S1 | 2,030.55 | -0.317 % | |
| S2 | 2,025.12 | -0.583 % | ||
| S3 | 2,016.33 | -1.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,076.00 | 1.91 % | |
| R2 | 2,056.00 | 0.93 % | ||
| R1 | 2,046.00 | 0.442 % | ||
| Current price | 2,037.00 | |||
| Support | S1 | 2,000.00 | -1.82% | |
| S2 | 1,994.00 | -2.11% | ||
| S3 | 1,981.00 | -2.75% |
4078 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 | 1.70% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥45.00 | 2.38% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥35.00 | 1.80% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥35.00 | 1.49% |
FAQ
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