Otsuka Holdings Co.,Ltd. Stock Forecast
Red day on Friday for Otsuka Holdings Co.,Ltd. stock after losing 0.129%
(Updated on Apr 19, 2024)
The Otsuka Holdings Co.,Ltd. stock price fell by -0.129% on the last day (Friday, 19th Apr 2024) from JP¥6,194.00 to JP¥6,186.00. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 2.37% from a day low at JP¥6,066.00 to a day high of JP¥6,210.00. The price has fallen in 7 of the last 10 days and is down by -0.51% for this period. Volume has increased on the last day by 231 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately JP¥6.24 billion.
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 13.90% during the next 3 months and, with a 90% probability hold a price between JP¥6,810.25 and JP¥7,674.21 at the end of this 3-month period.
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4578.T Signals & Forecast
There are few to no technical positive signals at the moment. The Otsuka Holdings Co.,Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥6,287.71 and JP¥6,224.00. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -4.36%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Otsuka Holdings Co.,Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥5,434.00 and JP¥5,428.00. 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, Otsuka Holdings Co.,Ltd. finds support just below today's level at JP¥5,434.00. If this is broken, then the next support from accumulated volume will be at JP¥5,428.00 and JP¥5,359.00.
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¥144.00 between high and low, or 2.37%. For the last week the stock has had daily average volatility of 1.77%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (4578.T) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Otsuka Holdings Co.,Ltd. to open at JP¥6,154.00, and during the day (based on 14 day Average True Range), to move between JP¥6,066.36 and JP¥6,305.64, which gives a possible trading interval of +/-JP¥119.64 (+/-1.93%) up or down from last closing price. If Otsuka Holdings Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 3.87% 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¥6,218.00 (0.52%) than the support at JP¥5,434.00 (12.16%), 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 Otsuka Holdings Co.,Ltd. stock A Buy?
The Otsuka Holdings Co.,Ltd. stock holds several negative signals and despite the positive trend, we believe Otsuka Holdings Co.,Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.330 Sell Candidate Unchanged
Predicted Opening Price for Otsuka Holdings Co.,Ltd. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| JP¥6,154.00 ( 0.517%) | JP¥6,186.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4578.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6,298.00 | 1.81 % | |
| R2 | 6,242.99 | 0.92 % | ||
| R1 | 6,209.01 | 0.372 % | ||
| Current price: | 6,186.00 | |||
| Support | S1 | 6,098.99 | -1.41 % | |
| S2 | 6,065.01 | -1.96 % | ||
| S3 | 6,010.00 | -2.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6,349.00 | 2.63 % | |
| R2 | 6,326.00 | 2.26 % | ||
| R1 | 6,218.00 | 0.517 % | ||
| Current price | 6,186.00 | |||
| Support | S1 | 5,434.00 | -12.16% | |
| S2 | 5,428.00 | -12.25% | ||
| S3 | 5,359.00 | -13.37% |
4578 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jun 27, 2024 | JP¥0 | 0% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥50.00 | 0.95% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥50.00 | 1.15% |
| 4 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥50.00 | 1.04% |
| 5 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥50.00 | 1.18% |
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