Sosei Group Corporation Stock Forecast
Sosei Group Corporation stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on May 16, 2024)
The Sosei Group Corporation stock price gained 1.27% on the last trading day (Thursday, 16th May 2024), rising from JP¥1,501.00 to JP¥1,520.00. During the last trading day the stock fluctuated 1.52% from a day low at JP¥1,514.00 to a day high of JP¥1,537.00. The price has risen in 8 of the last 10 days and is up by 3.54% over the past 2 weeks. Volume fell on the last day by -420 thousand shares and in total, 540 thousand shares were bought and sold for approximately JP¥820.80 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 Sosei Group Corporation stock with a 90% probability to be traded between JP¥1,441.68 and JP¥1,774.42 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.
4565.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 4.83%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sosei Group Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥1,526.57 and JP¥1,533.03. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Sosei Group Corporation stock
Sosei Group Corporation finds support from accumulated volume at JP¥1,500.00 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¥23.00 (1.52%) between high and low. For the last week, the stock has had daily average volatility of 4.34%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (4565.T) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Sosei Group Corporation to open at JP¥1,523.67, and during the day (based on 14 day Average True Range), to move between JP¥1,461.69 and JP¥1,578.31, which gives a possible trading interval of +/-JP¥58.31 (+/-3.84%) up or down from last closing price. If Sosei Group Corporation takes out the full calculated possible swing range there will be an estimated 7.67% 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¥1,500.00 (1.32%) than the resistance at JP¥1,550.00 (1.97%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sosei Group Corporation stock A Buy?
Sosei Group Corporation holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.359 Sell Candidate Downgraded
Predicted Opening Price for Sosei Group Corporation of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| JP¥1,523.67 ( 0.241%) | JP¥1,520.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4565.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,546.67 | 1.75 % | |
| R2 | 1,537.88 | 1.18 % | ||
| R1 | 1,532.45 | 0.82 % | ||
| Current price: | 1,520.00 | |||
| Support | S1 | 1,514.88 | -0.337 % | |
| S2 | 1,509.45 | -0.694 % | ||
| S3 | 1,500.67 | -1.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,788.00 | 17.63 % | |
| R2 | 1,582.00 | 4.08 % | ||
| R1 | 1,550.00 | 1.97 % | ||
| Current price | 1,520.00 | |||
| Support | S1 | 1,500.00 | -1.32% | |
| S2 | 1,458.00 | -4.08% | ||
| S3 | 1,439.00 | -5.33% |
4565 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2015 | Mar 27, 2015 | Mar 27, 2015 | JP¥2.50 | 0.329% |
FAQ
Click here for our free guide on how to buy Sosei Group Corporation Stock.
