Future Innovation Group,Inc. Stock Forecast
Future Innovation Group,Inc. stock price ended at JP¥349.00 on Friday, after losing 0.286%.
(Updated on Jun 28, 2024)
The Future Innovation Group,Inc. stock price fell by -0.286% on the last day (Friday, 28th Jun 2024) from JP¥350.00 to JP¥349.00. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 2.02% from a day low at JP¥347.00 to a day high of JP¥354.00. The price has fallen in 7 of the last 10 days but is still up by 3.87% over the past 2 weeks. Volume has increased on the last day by 21 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, 120 thousand shares were bought and sold for approximately JP¥41.71 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.92% during the next 3 months and, with a 90% probability hold a price between JP¥286.53 and JP¥341.06 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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4392.T Signals & Forecast
The Future Innovation Group,Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥351.86. On a fall, the stock will find some support from the long-term average at approximately JP¥339.17. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Friday, May 24, 2024, and so far it has risen 7.72%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Future Innovation Group,Inc. stock
Future Innovation Group,Inc. finds support from accumulated volume at JP¥341.00 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¥7.00 between high and low, or 2.02%. For the last week, the stock has had daily average volatility of 2.50%.
Our recommended stop-loss: JP¥339.51 (-2.72%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 46 days ago.)
Trading Expectations (4392.T) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Future Innovation Group,Inc. to open at JP¥350.00, and during the day (based on 14 day Average True Range), to move between JP¥339.61 and JP¥358.39, which gives a possible trading interval of +/-JP¥9.39 (+/-2.69%) up or down from last closing price. If Future Innovation Group,Inc. takes out the full calculated possible swing range there will be an estimated 5.38% 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¥356.00 (2.01%) than the support at JP¥341.00 (2.29%), 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 Future Innovation Group,Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.122 Buy Candidate Unchanged
Predicted Opening Price for Future Innovation Group,Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| JP¥350.00 ( 0.287%) | JP¥349.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4392.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 357.00 | 2.29% |
| R2 | 354.33 | 1.53% |
| R1 | 352.67 | 1.05% |
| Price | 349.00 | |
| S1 | 347.33 | -0.480% |
| S2 | 345.67 | -0.95% |
| S3 | 343.00 | -1.72% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 394.00 | 12.89% |
| R2 | 387.00 | 10.89% |
| R1 | 356.00 | 2.01% |
| Price | 349.00 | |
| S1 | 341.00 | -2.29% |
| S2 | 340.00 | -2.58% |
| S3 | 336.00 | -3.72% |
4392 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2024 | Dec 27, 2024 | Dec 27, 2024 | JP¥0 | 0% |
| 2 | Dec 29, 2023 | Dec 29, 2023 | Dec 29, 2023 | JP¥5.00 | 1.58% |
| 3 | Dec 28, 2023 | Dec 28, 2023 | Mar 27, 2024 | JP¥5.00 | 1.43% |
| 4 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥5.00 | 1.28% |
| 5 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥5.00 | 1.50% |
FAQ
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