IPS,Inc. Stock Forecast
IPS,Inc. stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 17, 2024)
The IPS,Inc. stock price gained 1.91% on the last trading day (Friday, 17th May 2024), rising from JP¥2,458.00 to JP¥2,505.00. During the last trading day the stock fluctuated 4.52% from a day low at JP¥2,411.00 to a day high of JP¥2,520.00. The price has been going up and down for this period, and there has been a 7.23% gain for the last 2 weeks. Volume fell on the last day by -18 thousand shares and in total, 44 thousand shares were bought and sold for approximately JP¥110.22 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 is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect IPS,Inc. stock with a 90% probability to be traded between JP¥2,239.76 and JP¥2,584.93 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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4390.T Signals & Forecast
The IPS,Inc. 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¥2,474.00 and JP¥2,375.31. 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). 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. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -3.17%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for IPS,Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥2,367.00 and JP¥2,318.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, IPS,Inc. finds support just below today's level at JP¥2,367.00. If this is broken, then the next support from accumulated volume will be at JP¥2,318.00 and JP¥2,280.00.
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¥109.00 between high and low, or 4.52%. For the last week, the stock has had daily average volatility of 6.00%.
Our recommended stop-loss: JP¥2,397.43 (-4.29%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (4390.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect IPS,Inc. to open at JP¥2,478.67, and during the day (based on 14 day Average True Range), to move between JP¥2,415.32 and JP¥2,594.68, which gives a possible trading interval of +/-JP¥89.68 (+/-3.58%) up or down from last closing price. If IPS,Inc. takes out the full calculated possible swing range there will be an estimated 7.16% 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¥2,554.00 (1.96%) than the support at JP¥2,367.00 (5.51%), 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 IPS,Inc. 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 IPS,Inc. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.015 Buy Candidate Upgraded
Predicted Opening Price for IPS,Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥2,478.67 ( 1.05%) | JP¥2,505.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4390.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,587.67 | 3.30 % | |
| R2 | 2,546.03 | 1.64 % | ||
| R1 | 2,520.30 | 0.611 % | ||
| Current price: | 2,505.00 | |||
| Support | S1 | 2,437.03 | -2.71 % | |
| S2 | 2,411.30 | -3.74 % | ||
| S3 | 2,369.67 | -5.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,587.00 | 3.27 % | |
| R2 | 2,557.00 | 2.08 % | ||
| R1 | 2,554.00 | 1.96 % | ||
| Current price | 2,505.00 | |||
| Support | S1 | 2,367.00 | -5.51% | |
| S2 | 2,318.00 | -7.47% | ||
| S3 | 2,280.00 | -8.98% |
4390 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¥17.50 | 0.713% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥17.50 | 0.584% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥25.00 | 1.21% |
FAQ
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