RIKEN VITAMIN CO.,LTD. Stock Forecast
RIKEN VITAMIN CO.,LTD. stock price up 1.32% on Tuesday
(Updated on Jun 25, 2024)
The RIKEN VITAMIN CO.,LTD. stock price gained 1.32% on the last trading day (Tuesday, 25th Jun 2024), rising from JP¥2,733.00 to JP¥2,769.00. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 2.93% from a day low at JP¥2,728.00 to a day high of JP¥2,808.00. The price has risen in 7 of the last 10 days and is up by 5.09% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 107 thousand more shares were traded than the day before. In total, 155 thousand shares were bought and sold for approximately JP¥427.81 million.
The stock has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. JP¥2,742.79 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach JP¥2,973.12 sometime during the next 3 months.
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4526.T Signals & Forecast
Mostly positive signals in the chart today. The RIKEN VITAMIN CO.,LTD. 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¥2,659.43 and JP¥2,605.03. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 22, 2024, and so far it has risen 9.71%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for RIKEN VITAMIN CO.,LTD. stock
RIKEN VITAMIN CO.,LTD. finds support from accumulated volume at JP¥2,705.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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¥80.00 between high and low, or 2.93%. For the last week the stock has had daily average volatility of 2.39%.
Since the RIKEN VITAMIN CO.,LTD. has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: JP¥2,667.10 (-3.68%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 42 days ago.)
Trading Expectations (4526.T) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect RIKEN VITAMIN CO.,LTD. to open at JP¥2,768.33, and during the day (based on 14 day Average True Range), to move between JP¥2,711.87 and JP¥2,826.13, which gives a possible trading interval of +/-JP¥57.13 (+/-2.06%) up or down from last closing price. If RIKEN VITAMIN CO.,LTD. takes out the full calculated possible swing range there will be an estimated 4.13% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥2,705.00, some JP¥64.00 (2.31%) from the current price of JP¥2,769.00, our system finds the risk reward attractive.
Is RIKEN VITAMIN CO.,LTD. stock A Buy?
Several short-term signals are positive and the stock has broken the horizontal trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for RIKEN VITAMIN CO.,LTD. stock to perform well in the short-term period.
Current score: 4.763 Buy Candidate Unchanged
Predicted Opening Price for RIKEN VITAMIN CO.,LTD. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| JP¥2,768.33 ( 0.0241%) | JP¥2,769.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4526.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,848.33 | 2.87% |
| R2 | 2,817.77 | 1.76% |
| R1 | 2,798.89 | 1.08% |
| Price | 2,769.00 | |
| S1 | 2,737.77 | -1.13% |
| S2 | 2,718.89 | -1.81% |
| S3 | 2,688.33 | -2.91% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 2,769.00 | |
| S1 | 2,705.00 | -2.31% |
| S2 | 2,580.00 | -6.83% |
| S3 | 2,567.00 | -7.30% |
4526 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 | Jun 10, 2024 | JP¥44.50 | 1.68% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Dec 05, 2023 | JP¥30.50 | 1.34% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥36.00 | 1.87% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥23.00 | 1.34% |
FAQ
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