Okura Industrial Co.,Ltd. Stock Forecast
Okura Industrial Co.,Ltd. stock price down 0.318% on Friday
(Updated on May 10, 2024)
The Okura Industrial Co.,Ltd. stock price fell by -0.318% on the last day (Friday, 10th May 2024) from JP¥3,145.00 to JP¥3,135.00. During the last trading day the stock fluctuated 0.96% from a day low at JP¥3,125.00 to a day high of JP¥3,155.00. The price has risen in 5 of the last 10 days and is up by 0.8% 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 -200 shares and in total, 11 thousand shares were bought and sold for approximately JP¥32.92 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Okura Industrial Co.,Ltd. stock with a 90% probability to be traded between JP¥2,986.38 and JP¥3,195.80 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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4221.T Signals & Forecast
The Okura Industrial 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¥3,125.71 and JP¥3,119.43. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 3.64%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
A buy signal from a double bottom formation was found on Wednesday, April 17, 2024 and based on theory for this formation the price should go up by 2.82% to JP¥3,223.46 within 26 trading days since signal was issued (Monday, May 13, 2024).
Support, Risk & Stop-loss for Okura Industrial Co.,Ltd. stock
Okura Industrial Co.,Ltd. finds support from accumulated volume at JP¥3,125.00 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¥30.00 between high and low, or 0.96%. For the last week the stock has had daily average volatility of 0.99%.
Our recommended stop-loss: JP¥2,969.99 (-5.26%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (4221.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Okura Industrial Co.,Ltd. to open at JP¥3,138.33, and during the day (based on 14 day Average True Range), to move between JP¥3,081.43 and JP¥3,188.57, which gives a possible trading interval of +/-JP¥53.57 (+/-1.71%) up or down from last closing price. If Okura Industrial Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 3.42% 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¥3,125.00 (0.32%) than the resistance at JP¥3,155.00 (0.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Okura Industrial Co.,Ltd. will release earnings BMO on Tuesday, May 14, 2024. We will update the financials statements for Okura Industrial Co.,Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.07% in the first trading day after earnings release.
Is Okura Industrial Co.,Ltd. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Okura Industrial Co.,Ltd. stock to perform well in the short-term period.
Current score: 2.282 Buy Candidate Unchanged
Predicted Opening Price for Okura Industrial Co.,Ltd. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥3,138.33 ( 0.106%) | JP¥3,135.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4221.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,168.33 | 1.06 % | |
| R2 | 3,156.87 | 0.698 % | ||
| R1 | 3,149.79 | 0.472 % | ||
| Current price: | 3,135.00 | |||
| Support | S1 | 3,126.87 | -0.259 % | |
| S2 | 3,119.79 | -0.485 % | ||
| S3 | 3,108.33 | -0.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,250.00 | 3.67 % | |
| R2 | 3,210.00 | 2.39 % | ||
| R1 | 3,155.00 | 0.638 % | ||
| Current price | 3,135.00 | |||
| Support | S1 | 3,125.00 | -0.319% | |
| S2 | 3,110.00 | -0.797% | ||
| S3 | 3,100.00 | -1.12% |
4221 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jun 27, 2024 | JP¥0 | 0% |
| 2 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥85.00 | 4.57% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥70.00 | 3.26% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | JP¥55.00 | 2.86% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | JP¥55.00 | 2.72% |
FAQ
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