Sekisui Plastics Co.,Ltd. Stock Forecast
Red day on Friday for Sekisui Plastics Co.,Ltd.
(Updated on May 10, 2024)
The Sekisui Plastics Co.,Ltd. stock price fell by -1.74% on the last day (Friday, 10th May 2024) from JP¥461.00 to JP¥453.00. During the last trading day the stock fluctuated 2.89% from a day low at JP¥450.00 to a day high of JP¥463.00. The price has risen in 5 of the last 10 days but is still down by -4.63% for this period. Volume has increased on the last day by 81 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 152 thousand shares were bought and sold for approximately JP¥69.04 million.
Given the current short-term trend, the stock is expected to rise 3.04% during the next 3 months and, with a 90% probability hold a price between JP¥466.79 and JP¥533.40 at the end of this 3-month period.
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4228.T Signals & Forecast
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. The Sekisui Plastics Co.,Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥465.71 and JP¥486.69. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -11.18%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Sekisui Plastics Co.,Ltd. stock
Sekisui Plastics Co.,Ltd. finds support from accumulated volume at JP¥452.00 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¥13.00 between high and low, or 2.89%. For the last week, the stock has had daily average volatility of 1.71%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (4228.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Sekisui Plastics Co.,Ltd. to open at JP¥455.33, and during the day (based on 14 day Average True Range), to move between JP¥441.26 and JP¥464.74, which gives a possible trading interval of +/-JP¥11.74 (+/-2.59%) up or down from last closing price. If Sekisui Plastics Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 5.18% 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¥452.00 (0.22%) than the resistance at JP¥462.00 (1.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sekisui Plastics Co.,Ltd. stock A Buy?
The Sekisui Plastics Co.,Ltd. stock holds several negative signals and despite the positive trend, we believe Sekisui Plastics Co.,Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.503 Sell Candidate Unchanged
Predicted Opening Price for Sekisui Plastics Co.,Ltd. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥455.33 ( 0.515%) | JP¥453.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4228.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 468.33 | 3.38 % | |
| R2 | 463.37 | 2.29 % | ||
| R1 | 460.30 | 1.61 % | ||
| Current price: | 453.00 | |||
| Support | S1 | 450.37 | -0.581 % | |
| S2 | 447.30 | -1.26 % | ||
| S3 | 442.33 | -2.35 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 510.00 | 12.58 % | |
| R2 | 464.00 | 2.43 % | ||
| R1 | 462.00 | 1.99 % | ||
| Current price | 453.00 | |||
| Support | S1 | 452.00 | -0.221% | |
| S2 | 449.00 | -0.88% | ||
| S3 | 442.00 | -2.43% |
4228 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¥9.00 | 2.18% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥3.00 | 0.741% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥7.00 | 1.58% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥5.00 | 0.83% |
FAQ
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