Daicel Corporation Stock Forecast
Weaker technical forecast for Daicel Corporation as stock downgraded to Hold/Accumulate.
(Updated on Jun 25, 2024)
The Daicel Corporation stock price fell by -0.189% on the last day (Tuesday, 25th Jun 2024) from JP¥1,591.50 to JP¥1,588.50. During the last trading day the stock fluctuated 1.27% from a day low at JP¥1,577.50 to a day high of JP¥1,597.50. The price has been going up and down for this period, and there has been a 1.37% gain 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 -130 thousand shares and in total, 965 thousand shares were bought and sold for approximately JP¥1.53 billion.
The stock lies in the middle of a wide and strong 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 10.47% during the next 3 months and, with a 90% probability hold a price between JP¥1,662.29 and JP¥1,884.87 at the end of this 3-month period.
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4202.T Signals & Forecast
The Daicel Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥1,567.50 and JP¥1,570.97. 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). 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 Monday, June 24, 2024, and so far it has fallen -0.189%. Further fall is indicated until a new bottom pivot has been found. 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 Daicel Corporation stock
Daicel Corporation finds support from accumulated volume at JP¥1,558.50 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¥20.00 between high and low, or 1.27%. For the last week the stock has had daily average volatility of 1.76%.
Our recommended stop-loss: JP¥1,526.90 (-3.88%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 30 days ago.)
Trading Expectations (4202.T) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Daicel Corporation to open at JP¥1,587.83, and during the day (based on 14 day Average True Range), to move between JP¥1,552.69 and JP¥1,624.31, which gives a possible trading interval of +/-JP¥35.81 (+/-2.25%) up or down from last closing price. If Daicel Corporation takes out the full calculated possible swing range there will be an estimated 4.51% 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¥1,589.00 (0.03%) than the support at JP¥1,558.50 (1.89%), 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 Daicel Corporation stock A Buy?
Daicel 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: 0.417 Hold/Accumulate Downgraded
Predicted Opening Price for Daicel Corporation of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| JP¥1,587.83 ( 0.0420%) | JP¥1,588.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4202.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,607.83 | 1.22% |
| R2 | 1,600.19 | 0.736% |
| R1 | 1,595.47 | 0.439% |
| Price | 1,588.50 | |
| S1 | 1,580.19 | -0.523% |
| S2 | 1,575.47 | -0.82% |
| S3 | 1,567.83 | -1.30% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,628.00 | 2.49% |
| R2 | 1,604.00 | 0.98% |
| R1 | 1,589.00 | 0.0315% |
| Price | 1,588.50 | |
| S1 | 1,558.50 | -1.89% |
| S2 | 1,489.50 | -6.23% |
| S3 | 1,415.00 | -10.92% |
4202 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 24, 2024 | JP¥25.00 | 1.57% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Dec 04, 2023 | JP¥25.00 | 1.84% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥20.00 | 2.01% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥18.00 | 2.11% |
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