Gun Ei Chemical Industry Co.,Ltd. Stock Forecast
Green day on Tuesday for Gun Ei Chemical Industry Co.,Ltd.
(Updated on May 21, 2024)
The Gun Ei Chemical Industry Co.,Ltd. stock price gained 1.14% on the last trading day (Tuesday, 21st May 2024), rising from JP¥3,080.00 to JP¥3,115.00. It has now gained 3 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 1.29% from a day low at JP¥3,110.00 to a day high of JP¥3,150.00. The price has fallen in 5 of the last 10 days and is down by -9.71% for this period. Volume fell on the last day by -7 thousand shares and in total, 10 thousand shares were bought and sold for approximately JP¥30.84 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥2,998.96 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -9.89% during the next 3 months and, with a 90% probability hold a price between JP¥2,702.31 and JP¥3,338.24 at the end of this 3-month period.
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4229.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 16, 2024, and so far it has risen 3.15%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Gun Ei Chemical Industry 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¥3,185.71 and JP¥3,539.86. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Gun Ei Chemical Industry Co.,Ltd. stock
Gun Ei Chemical Industry Co.,Ltd. finds support from accumulated volume at JP¥3,080.00 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¥40.00 between high and low, or 1.29%. For the last week, the stock has had daily average volatility of 3.46%.
Gun Ei Chemical Industry Co.,Ltd. is oversold on RSI14 (26). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (4229.T) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect Gun Ei Chemical Industry Co.,Ltd. to open at JP¥3,125.00, and during the day (based on 14 day Average True Range), to move between JP¥3,013.50 and JP¥3,216.50, which gives a possible trading interval of +/-JP¥101.50 (+/-3.26%) up or down from last closing price. If Gun Ei Chemical Industry Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 6.52% 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¥3,125.00 (0.32%) than the support at JP¥3,080.00 (1.12%), 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 Gun Ei Chemical Industry Co.,Ltd. stock A Buy?
Gun Ei Chemical Industry Co.,Ltd. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.288 Sell Candidate Unchanged
Predicted Opening Price for Gun Ei Chemical Industry Co.,Ltd. of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| JP¥3,125.00 ( 0.321%) | JP¥3,115.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4229.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,165.00 | 1.61 % | |
| R2 | 3,149.72 | 1.11 % | ||
| R1 | 3,140.28 | 0.81 % | ||
| Current price: | 3,115.00 | |||
| Support | S1 | 3,109.72 | -0.170 % | |
| S2 | 3,100.28 | -0.473 % | ||
| S3 | 3,085.00 | -0.96 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,835.00 | 23.11 % | |
| R2 | 3,655.00 | 17.34 % | ||
| R1 | 3,125.00 | 0.321 % | ||
| Current price | 3,115.00 | |||
| Support | S1 | 3,080.00 | -1.12% | |
| S2 | 3,065.00 | -1.61% | ||
| S3 | 3,020.00 | -3.05% |
4229 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 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥45.00 | 1.76% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥45.00 | 1.88% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥40.00 | 1.28% |
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