Fuso Pharmaceutical Industries,Ltd. Stock Forecast
Green day on Wednesday for Fuso Pharmaceutical Industries,Ltd. stock after gaining 1.56%
(Updated on Jun 19, 2024)
The Fuso Pharmaceutical Industries,Ltd. stock price gained 1.56% on the last trading day (Wednesday, 19th Jun 2024), rising from JP¥2,314.00 to JP¥2,350.00. During the last trading day the stock fluctuated 2.09% from a day low at JP¥2,302.00 to a day high of JP¥2,350.00. The price has fallen in 5 of the last 10 days but is still up by 2.71% 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, 3 thousand more shares were traded than the day before. In total, 15 thousand shares were bought and sold for approximately JP¥35.96 million.
The stock lies in the middle of a wide and weak 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 3.26% during the next 3 months and, with a 90% probability hold a price between JP¥2,280.79 and JP¥2,509.04 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
4538.T Signals & Forecast
The Fuso Pharmaceutical Industries,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¥2,295.00 and JP¥2,271.20. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 02, 2024, and so far it has risen 9.71%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Tuesday, July 18, 2023 in the long-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 12 Months
The stock had a Golden Star Signal on Tuesday, July 18, 2023 in the long-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.
Support, Risk & Stop-loss for Fuso Pharmaceutical Industries,Ltd. stock
Fuso Pharmaceutical Industries,Ltd. finds support from accumulated volume at JP¥2,284.00 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¥48.00 between high and low, or 2.09%. For the last week the stock has had daily average volatility of 1.75%.
Our recommended stop-loss: JP¥2,263.52 (-3.68%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 57 days ago.)
Trading Expectations (4538.T) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Fuso Pharmaceutical Industries,Ltd. to open at JP¥2,334.00, and during the day (based on 14 day Average True Range), to move between JP¥2,312.19 and JP¥2,387.81, which gives a possible trading interval of +/-JP¥37.81 (+/-1.61%) up or down from last closing price. If Fuso Pharmaceutical Industries,Ltd. takes out the full calculated possible swing range there will be an estimated 3.22% 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¥2,358.00 (0.34%) than the support at JP¥2,284.00 (2.81%), 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 Fuso Pharmaceutical Industries,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 Fuso Pharmaceutical Industries,Ltd. stock to perform well in the short-term.
Current score: 2.550 Buy Candidate Unchanged
Predicted Opening Price for Fuso Pharmaceutical Industries,Ltd. of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| JP¥2,334.00 ( 0.681%) | JP¥2,350.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4538.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,382.00 | 1.36% |
| R2 | 2,363.66 | 0.581% |
| R1 | 2,352.34 | 0.0994% |
| Price | 2,350.00 | |
| S1 | 2,315.66 | -1.46% |
| S2 | 2,304.34 | -1.94% |
| S3 | 2,286.00 | -2.72% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 2,358.00 | 0.340% |
| Price | 2,350.00 | |
| S1 | 2,284.00 | -2.81% |
| S2 | 2,245.00 | -4.47% |
| S3 | 2,182.00 | -7.15% |
4538 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 26, 2024 | JP¥35.00 | 1.49% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Dec 04, 2023 | JP¥35.00 | 1.83% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥40.00 | 2.00% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥30.00 | 1.52% |
FAQ
Click here for our free guide on how to buy Fuso Pharmaceutical Industries,Ltd. Stock.
