ROHTO PHARMACEUTICAL CO.,LTD. Stock Forecast
ROHTO PHARMACEUTICAL CO.,LTD. stock price ended at JP¥3,064.00 on Thursday, after losing 0.487%.
(Updated on May 02, 2024)
The ROHTO PHARMACEUTICAL CO.,LTD. stock price fell by -0.487% on the last day (Thursday, 2nd May 2024) from JP¥3,079.00 to JP¥3,064.00. During the last trading day the stock fluctuated 1.51% from a day low at JP¥3,052.00 to a day high of JP¥3,098.00. The price has risen in 7 of the last 10 days and is up by 7.57% 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 -12 thousand shares and in total, 493 thousand shares were bought and sold for approximately JP¥1.51 billion.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect ROHTO PHARMACEUTICAL CO.,LTD. stock with a 90% probability to be traded between JP¥2,797.69 and JP¥3,106.12 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.
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4527.T Signals & Forecast
The ROHTO PHARMACEUTICAL 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¥3,018.43 and JP¥2,998.81. 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, April 30, 2024, and so far it has fallen -0.616%. 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. The stock had a Golden Star Signal on Wednesday, February 21, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Wednesday, February 21, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A buy signal from a double bottom formation was found on Wednesday, April 17, 2024 and based on theory for this formation the price should go up by 2.12% to JP¥3,128.92 within 24 trading days since signal was issued (Tuesday, May 07, 2024).
Support, Risk & Stop-loss for ROHTO PHARMACEUTICAL CO.,LTD. stock
ROHTO PHARMACEUTICAL CO.,LTD. finds support from accumulated volume at JP¥2,975.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥46.00 (1.51%) between high and low. For the last week, the stock has had daily average volatility of 2.26%.
Our recommended stop-loss: JP¥2,942.00 (-3.98%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (4527.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect ROHTO PHARMACEUTICAL CO.,LTD. to open at JP¥3,071.33, and during the day (based on 14 day Average True Range), to move between JP¥2,987.85 and JP¥3,140.15, which gives a possible trading interval of +/-JP¥76.15 (+/-2.49%) up or down from last closing price. If ROHTO PHARMACEUTICAL CO.,LTD. takes out the full calculated possible swing range there will be an estimated 4.97% 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¥3,090.00 (0.85%) than the support at JP¥2,975.00 (2.90%), 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.
Earnings coming up
ROHTO PHARMACEUTICAL CO.,LTD. will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for ROHTO PHARMACEUTICAL CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.45% in the first trading day after earnings release.
Is ROHTO PHARMACEUTICAL CO.,LTD. stock A Buy?
ROHTO PHARMACEUTICAL CO.,LTD. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.210 Hold/Accumulate Unchanged
Predicted Opening Price for ROHTO PHARMACEUTICAL CO.,LTD. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥3,071.33 ( 0.239%) | JP¥3,064.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4527.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,117.33 | 1.74 % | |
| R2 | 3,099.76 | 1.17 % | ||
| R1 | 3,088.91 | 0.81 % | ||
| Current price: | 3,064.00 | |||
| Support | S1 | 3,053.76 | -0.334 % | |
| S2 | 3,042.91 | -0.688 % | ||
| S3 | 3,025.33 | -1.26 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,120.00 | 1.83 % | |
| R2 | 3,116.00 | 1.70 % | ||
| R1 | 3,090.00 | 0.85 % | ||
| Current price | 3,064.00 | |||
| Support | S1 | 2,975.00 | -2.90% | |
| S2 | 2,962.00 | -3.33% | ||
| S3 | 2,885.00 | -5.84% |
4527 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¥12.00 | 0.443% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥10.00 | 0.432% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥10.50 | 0.557% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥7.50 | 0.441% |
FAQ
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