PIA CORPORATION Stock Forecast
PIA CORPORATION stock upgraded to Strong Buy Candidate.
(Updated on Jul 02, 2024)
The PIA CORPORATION stock price gained 1.12% on the last trading day (Tuesday, 2nd Jul 2024), rising from JP¥3,130.00 to JP¥3,165.00. During the last trading day the stock fluctuated 0.96% from a day low at JP¥3,135.00 to a day high of JP¥3,165.00. The price has risen in 6 of the last 10 days and is up by 4.46% 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, 6 thousand more shares were traded than the day before. In total, 11 thousand shares were bought and sold for approximately JP¥35.13 million.
The stock has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. JP¥3,152.22 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach JP¥3,334.10 sometime during the next 3 months.
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4337.T Signals & Forecast
Mostly positive signals in the chart today. The PIA CORPORATION 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¥3,129.29 and JP¥3,054.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 4.46%. 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 PIA CORPORATION stock
PIA CORPORATION finds support from accumulated volume at JP¥3,040.00 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 1.26%.
Our recommended stop-loss: JP¥2,992.08 (-5.46%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 24 days ago.)
Trading Expectations (4337.T) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect PIA CORPORATION to open at JP¥3,155.00, and during the day (based on 14 day Average True Range), to move between JP¥3,121.32 and JP¥3,208.68, which gives a possible trading interval of +/-JP¥43.68 (+/-1.38%) up or down from last closing price. If PIA CORPORATION takes out the full calculated possible swing range there will be an estimated 2.76% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥3,040.00, some JP¥125.00 (3.95%) from the current price of JP¥3,165.00, our system finds the risk reward attractive.
Is PIA CORPORATION stock A Buy?
PIA CORPORATION holds several positive signals and has broken the horizontal trend up. As the stock is in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.723 Strong Buy Candidate Upgraded
Predicted Opening Price for PIA CORPORATION of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| JP¥3,155.00 ( 0.316%) | JP¥3,165.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4337.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,185.00 | 0.632% |
| R2 | 3,173.54 | 0.270% |
| R1 | 3,166.46 | 0.0461% |
| Price | 3,165.00 | |
| S1 | 3,143.54 | -0.678% |
| S2 | 3,136.46 | -0.90% |
| S3 | 3,125.00 | -1.26% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 3,165.00 | |
| S1 | 3,040.00 | -3.95% |
| S2 | 3,020.00 | -4.58% |
| S3 | 3,000.00 | -5.21% |
4337 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥5.00 | 0.209% |
| 2 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥20.00 | 0.421% |
| 3 | Mar 28, 2018 | Mar 28, 2018 | Mar 28, 2018 | JP¥13.00 | 0.251% |
| 4 | Sep 27, 2017 | Sep 27, 2017 | Sep 27, 2017 | JP¥3.00 | 0.0565% |
| 5 | Mar 29, 2017 | Mar 29, 2017 | Mar 29, 2017 | JP¥16.00 | 0.535% |
FAQ
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