eSOL Co.,Ltd. Stock Forecast
eSOL Co.,Ltd. stock downgraded to Sell Candidate
(Updated on Apr 26, 2024)
The eSOL Co.,Ltd. stock price fell by -0.600% on the last day (Friday, 26th Apr 2024) from JP¥834.00 to JP¥829.00. During the last trading day the stock fluctuated 3.33% from a day low at JP¥810.00 to a day high of JP¥837.00. The price has risen in 5 of the last 10 days and is up by 4.28% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -82 thousand shares and in total, 46 thousand shares were bought and sold for approximately JP¥37.72 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 14.78% during the next 3 months and, with a 90% probability hold a price between JP¥794.61 and JP¥1,309.47 at the end of this 3-month period.
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4420.T Signals & Forecast
The eSOL Co.,Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥792.57 and JP¥819.89. 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). 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 Tuesday, February 20, 2024, and so far it has fallen -19.51%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for eSOL Co.,Ltd. stock
eSOL Co.,Ltd. finds support from accumulated volume at JP¥813.00 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¥27.00 between high and low, or 3.33%. For the last week, the stock has had daily average volatility of 4.76%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (4420.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect eSOL Co.,Ltd. to open at JP¥825.33, and during the day (based on 14 day Average True Range), to move between JP¥793.50 and JP¥864.50, which gives a possible trading interval of +/-JP¥35.50 (+/-4.28%) up or down from last closing price. If eSOL Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 8.56% 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¥813.00 (1.93%) than the resistance at JP¥953.00 (14.96%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is eSOL Co.,Ltd. stock A Buy?
eSOL Co.,Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -1.087 Sell Candidate Downgraded
Predicted Opening Price for eSOL Co.,Ltd. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥825.33 ( 0.442%) | JP¥829.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4420.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 852.33 | 2.81 % | |
| R2 | 842.02 | 1.57 % | ||
| R1 | 835.65 | 0.80 % | ||
| Current price: | 829.00 | |||
| Support | S1 | 815.02 | -1.69 % | |
| S2 | 808.65 | -2.46 % | ||
| S3 | 798.33 | -3.70 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,030.00 | 24.25 % | |
| R2 | 1,007.00 | 21.47 % | ||
| R1 | 953.00 | 14.96 % | ||
| Current price | 829.00 | |||
| Support | S1 | 813.00 | -1.93% | |
| S2 | 810.00 | -2.29% | ||
| S3 | 759.00 | -8.44% |
4420 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jun 27, 2024 | JP¥0 | 0% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥1.50 | 0.162% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥4.00 | 0.477% |
| 4 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥1.50 | 0.243% |
| 5 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥4.00 | 0.627% |
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