eSOL Co.,Ltd. Stock Forecast
Red day on Tuesday for eSOL Co.,Ltd.
(Updated on May 07, 2024)
The eSOL Co.,Ltd. stock price fell by -1.65% on the last day (Tuesday, 7th May 2024) from JP¥846.00 to JP¥832.00. During the last trading day the stock fluctuated 3.25% from a day low at JP¥830.00 to a day high of JP¥857.00. The price has risen in 5 of the last 10 days and is up by 5.18% over the past 2 weeks. Volume has increased on the last day by 3 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, 30 thousand shares were bought and sold for approximately JP¥25.13 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect eSOL Co.,Ltd. stock with a 90% probability to be traded between JP¥549.27 and JP¥1,008.25 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
4420.T Signals & Forecast
The eSOL Co.,Ltd. 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¥833.86. On a fall, the stock will find some support from the long-term average at approximately JP¥816.97. 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. 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 -19.22%. Further fall is indicated until a new bottom pivot has been found. 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 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 3.25%. For the last week, the stock has had daily average volatility of 2.66%.
Our recommended stop-loss: JP¥792.23 (-4.78%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 50 days ago.)
Trading Expectations (4420.T) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect eSOL Co.,Ltd. to open at JP¥839.67, and during the day (based on 14 day Average True Range), to move between JP¥799.20 and JP¥864.80, which gives a possible trading interval of +/-JP¥32.80 (+/-3.94%) up or down from last closing price. If eSOL Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 7.89% 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 (2.28%) than the resistance at JP¥953.00 (14.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
eSOL Co.,Ltd. will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for eSOL Co.,Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.11% in the first trading day after earnings release.
Is eSOL Co.,Ltd. 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 eSOL Co.,Ltd. stock to perform well in the short-term period.
Current score: 2.048 Buy Candidate Unchanged
Predicted Opening Price for eSOL Co.,Ltd. of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| JP¥839.67 ( 0.92%) | JP¥832.00 |
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 | 866.67 | 4.17 % | |
| R2 | 856.35 | 2.93 % | ||
| R1 | 849.98 | 2.16 % | ||
| Current price: | 832.00 | |||
| Support | S1 | 829.35 | -0.318 % | |
| S2 | 822.98 | -1.08 % | ||
| S3 | 812.67 | -2.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,030.00 | 23.80 % | |
| R2 | 1,007.00 | 21.03 % | ||
| R1 | 953.00 | 14.54 % | ||
| Current price | 832.00 | |||
| Support | S1 | 813.00 | -2.28% | |
| S2 | 810.00 | -2.64% | ||
| S3 | 759.00 | -8.77% |
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% |
FAQ
Click here for our free guide on how to buy eSOL Co.,Ltd. Stock.
