WAKAMOTO PHARMACEUTICAL CO.,LTD. Stock Forecast
Red day on Tuesday for WAKAMOTO PHARMACEUTICAL CO.,LTD.
(Updated on Apr 23, 2024)
The WAKAMOTO PHARMACEUTICAL CO.,LTD. stock price fell by -0.431% on the last day (Tuesday, 23rd Apr 2024) from JP¥232.00 to JP¥231.00. During the last trading day the stock fluctuated 1.30% from a day low at JP¥231.00 to a day high of JP¥234.00. The price has fallen in 5 of the last 10 days. 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 -10 thousand shares and in total, 29 thousand shares were bought and sold for approximately JP¥6.75 million.
The stock lies in the middle of a 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 14.62% during the next 3 months and, with a 90% probability hold a price between JP¥247.65 and JP¥275.10 at the end of this 3-month period.
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4512.T Signals & Forecast
The WAKAMOTO PHARMACEUTICAL 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¥232.29. On a fall, the stock will find some support from the long-term average at approximately JP¥222.74. 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. 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, April 15, 2024, and so far it has fallen -2.53%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 WAKAMOTO PHARMACEUTICAL CO.,LTD. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥215.00 and JP¥211.00. 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, WAKAMOTO PHARMACEUTICAL CO.,LTD. finds support just below today's level at JP¥215.00. If this is broken, then the next support from accumulated volume will be at JP¥211.00 and JP¥208.00.
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¥3.00 between high and low, or 1.30%. For the last week the stock has had daily average volatility of 2.37%.
Our recommended stop-loss: JP¥219.94 (-4.79%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (4512.T) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect WAKAMOTO PHARMACEUTICAL CO.,LTD. to open at JP¥232.00, and during the day (based on 14 day Average True Range), to move between JP¥225.05 and JP¥236.95, which gives a possible trading interval of +/-JP¥5.95 (+/-2.58%) up or down from last closing price. If WAKAMOTO PHARMACEUTICAL CO.,LTD. takes out the full calculated possible swing range there will be an estimated 5.15% 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¥233.00 (0.87%) than the support at JP¥215.00 (6.93%), 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 WAKAMOTO PHARMACEUTICAL CO.,LTD. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for WAKAMOTO PHARMACEUTICAL CO.,LTD. stock to perform well in the short-term.
Current score: 1.942 Buy Candidate Unchanged
Predicted Opening Price for WAKAMOTO PHARMACEUTICAL CO.,LTD. of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| JP¥232.00 ( 0.433%) | JP¥231.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4512.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 235.00 | 1.73 % | |
| R2 | 233.85 | 1.24 % | ||
| R1 | 233.15 | 0.93 % | ||
| Current price: | 231.00 | |||
| Support | S1 | 230.85 | -0.0632 % | |
| S2 | 230.15 | -0.370 % | ||
| S3 | 229.00 | -0.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 237.00 | 2.60 % | |
| R2 | 234.00 | 1.30 % | ||
| R1 | 233.00 | 0.87 % | ||
| Current price | 231.00 | |||
| Support | S1 | 215.00 | -6.93% | |
| S2 | 211.00 | -8.66% | ||
| S3 | 208.00 | -9.96% |
4512 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥3.00 | 1.23% |
| 3 | Mar 28, 2018 | Mar 28, 2018 | Mar 28, 2018 | JP¥3.00 | 1.06% |
| 4 | Mar 29, 2017 | Mar 29, 2017 | Mar 29, 2017 | JP¥3.00 | 1.12% |
| 5 | Mar 29, 2016 | Mar 29, 2016 | Mar 29, 2016 | JP¥3.00 | 1.14% |
FAQ
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