SUGAI CHEMICAL INDUSTRY CO.,LTD. Stock Forecast
SUGAI CHEMICAL INDUSTRY CO.,LTD. stock price up 0.186% on Friday
(Updated on May 17, 2024)
The SUGAI CHEMICAL INDUSTRY CO.,LTD. stock price gained 0.186% on the last trading day (Friday, 17th May 2024), rising from JP¥2,695.00 to JP¥2,700.00. During the last trading day the stock fluctuated 1.69% from a day low at JP¥2,655.00 to a day high of JP¥2,700.00. The price has fallen in 6 of the last 10 days and is down by -2.84% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 1 thousand shares were bought and sold for approximately JP¥3.24 million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at JP¥2,678.36 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect SUGAI CHEMICAL INDUSTRY CO.,LTD. stock with a 90% probability to be traded between JP¥2,632.34 and JP¥3,014.57 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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4120.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has risen 0.671%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The SUGAI CHEMICAL INDUSTRY 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¥2,856.37. On a fall, the stock will find some support from the short-term average at JP¥2,695.86. 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.
Support, Risk & Stop-loss for SUGAI CHEMICAL INDUSTRY CO.,LTD. stock
SUGAI CHEMICAL INDUSTRY CO.,LTD. finds support from accumulated volume at JP¥2,655.00 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¥45.00 between high and low, or 1.69%. For the last week, the stock has had daily average volatility of 0.89%.
Our recommended stop-loss: JP¥2,536.78 (-6.05%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (4120.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect SUGAI CHEMICAL INDUSTRY CO.,LTD. to open at JP¥2,685.00, and during the day (based on 14 day Average True Range), to move between JP¥2,662.61 and JP¥2,737.39, which gives a possible trading interval of +/-JP¥37.39 (+/-1.38%) up or down from last closing price. If SUGAI CHEMICAL INDUSTRY CO.,LTD. takes out the full calculated possible swing range there will be an estimated 2.77% 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¥2,655.00 (1.67%) than the resistance at JP¥2,950.00 (9.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SUGAI CHEMICAL INDUSTRY CO.,LTD. stock A Buy?
SUGAI CHEMICAL INDUSTRY 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: 0.000 Hold/Accumulate Unchanged
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 SUGAI CHEMICAL INDUSTRY CO.,LTD. of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
JP¥2,685.00 ( 0.556%) | JP¥2,700.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4120.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2,730.00 | 1.11 % | |
R2 | 2,712.81 | 0.474 % | ||
R1 | 2,702.19 | 0.0811 % | ||
Current price: | 2,700.00 | |||
Support | S1 | 2,667.81 | -1.19 % | |
S2 | 2,657.19 | -1.59 % | ||
S3 | 2,640.00 | -2.22 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3,100.00 | 14.81 % | |
R2 | 3,035.00 | 12.41 % | ||
R1 | 2,950.00 | 9.26 % | ||
Current price | 2,700.00 | |||
Support | S1 | 2,655.00 | -1.67% | |
S2 | 2,640.00 | -2.22% | ||
S3 | 2,605.00 | -3.52% |
4120 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 28, 2025 | Mar 28, 2025 | Mar 28, 2025 | JP¥0 | 0% |
2 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥45.00 | 1.97% |
4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥35.00 | 2.34% |
5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥30.00 | 1.89% |
FAQ
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