OSAKA ORGANIC CHEMICAL INDUSTRY LTD. Stock Forecast
Green day on Tuesday for OSAKA ORGANIC CHEMICAL INDUSTRY LTD. stock after gaining 1.02%
(Updated on May 21, 2024)
The OSAKA ORGANIC CHEMICAL INDUSTRY LTD. stock price gained 1.02% on the last trading day (Tuesday, 21st May 2024), rising from JP¥3,420.00 to JP¥3,455.00. It has now gained 4 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 3.67% from a day low at JP¥3,410.00 to a day high of JP¥3,535.00. The price has risen in 7 of the last 10 days and is up by 6.97% 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, 26 thousand more shares were traded than the day before. In total, 75 thousand shares were bought and sold for approximately JP¥257.74 million.
The stock has broken the weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at JP¥3,419.78, a level that may pose a second chance to hit a runner. According to fan-theory JP¥3,697.81 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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4187.T Signals & Forecast
Mostly positive signals in the chart today. The OSAKA ORGANIC CHEMICAL INDUSTRY 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¥3,400.00 and JP¥3,247.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 10.03%. 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 OSAKA ORGANIC CHEMICAL INDUSTRY LTD. stock
OSAKA ORGANIC CHEMICAL INDUSTRY LTD. finds support from accumulated volume at JP¥3,340.00 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¥125.00 between high and low, or 3.67%. For the last week, the stock has had daily average volatility of 3.29%.
Our recommended stop-loss: JP¥3,330.62 (-3.60%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 45 days ago.)
Trading Expectations (4187.T) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect OSAKA ORGANIC CHEMICAL INDUSTRY LTD. to open at JP¥3,466.67, and during the day (based on 14 day Average True Range), to move between JP¥3,342.51 and JP¥3,567.49, which gives a possible trading interval of +/-JP¥112.49 (+/-3.26%) up or down from last closing price. If OSAKA ORGANIC CHEMICAL INDUSTRY LTD. takes out the full calculated possible swing range there will be an estimated 6.51% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥3,340.00, some JP¥115.00 (3.33%) from the current price of JP¥3,455.00, our system finds the risk reward attractive.
Is OSAKA ORGANIC CHEMICAL INDUSTRY LTD. stock A Buy?
Several short-term signals, along with a general good trend, are positive and the stock has broken the rising trend up, which indicates an even stronger rate of rising. We can conclude that the current level may hold a buying opportunity as there is a fair chance for OSAKA ORGANIC CHEMICAL INDUSTRY LTD. stock to perform well in the short-term period. Due to a possible false trend-break listing stock as pure buy candidate is held back.
Current score: 2.602 Buy Candidate Unchanged
Predicted Opening Price for OSAKA ORGANIC CHEMICAL INDUSTRY LTD. of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| JP¥3,466.67 ( 0.338%) | JP¥3,455.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4187.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,591.67 | 3.96 % | |
| R2 | 3,543.92 | 2.57 % | ||
| R1 | 3,514.42 | 1.72 % | ||
| Current price: | 3,455.00 | |||
| Support | S1 | 3,418.92 | -1.04 % | |
| S2 | 3,389.42 | -1.90 % | ||
| S3 | 3,341.67 | -3.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 3,455.00 | |||
| Support | S1 | 3,340.00 | -3.33% | |
| S2 | 3,245.00 | -6.08% | ||
| S3 | 3,230.00 | -6.51% |
4187 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | May 30, 2024 | JP¥0 | 0% |
| 2 | May 30, 2023 | May 30, 2023 | May 30, 2023 | JP¥28.00 | 1.15% |
| 3 | Nov 29, 2022 | Nov 29, 2022 | Nov 29, 2022 | JP¥27.00 | 1.27% |
| 4 | May 30, 2022 | May 30, 2022 | May 30, 2022 | JP¥27.00 | 0.97% |
| 5 | Nov 29, 2021 | Nov 29, 2021 | Nov 29, 2021 | JP¥25.00 | 0.685% |
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