ORIGINAL ENGINEERING CONSULTANTS Stock Forecast
Green day on Tuesday for ORIGINAL ENGINEERING CONSULTANTS stock after gaining 0.748%
(Updated on Jul 02, 2024)
The ORIGINAL ENGINEERING CONSULTANTS stock price gained 0.748% on the last trading day (Tuesday, 2nd Jul 2024), rising from JP¥1,203.00 to JP¥1,212.00. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.75% from a day low at JP¥1,201.00 to a day high of JP¥1,222.00. The price has risen in 8 of the last 10 days and is up by 6.41% 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, 2 thousand more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately JP¥2.30 million.
Given the current horizontal trend, you can expect ORIGINAL ENGINEERING CONSULTANTS stock with a 90% probability to be traded between JP¥1,130.15 and JP¥1,209.03 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. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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4642.T Signals & Forecast
Mostly positive signals in the chart today. The ORIGINAL ENGINEERING CONSULTANTS 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¥1,192.43 and JP¥1,158.20. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 31, 2024, and so far it has risen 6.88%. 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 ORIGINAL ENGINEERING CONSULTANTS stock
ORIGINAL ENGINEERING CONSULTANTS finds support from accumulated volume at JP¥1,176.00 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¥21.00 (1.75%) between high and low. For the last week, the stock has had daily average volatility of 1.94%.
Our recommended stop-loss: JP¥1,168.13 (-3.62%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 63 days ago.)
Trading Expectations (4642.T) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect ORIGINAL ENGINEERING CONSULTANTS CO.,LTD. to open at JP¥1,211.67, and during the day (based on 14 day Average True Range), to move between JP¥1,192.17 and JP¥1,231.83, which gives a possible trading interval of +/-JP¥19.83 (+/-1.64%) up or down from last closing price. If ORIGINAL ENGINEERING CONSULTANTS CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.27% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥1,176.00, some JP¥36.00 (2.97%) from the current price of JP¥1,212.00, our system finds the risk reward attractive.
Is ORIGINAL ENGINEERING CONSULTANTS CO.,LTD. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for ORIGINAL ENGINEERING CONSULTANTS stock to perform well in the short-term period.
Current score: 3.633 Buy Candidate Unchanged
Predicted Opening Price for ORIGINAL ENGINEERING CONSULTANTS CO.,LTD. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| JP¥1,211.67 ( 0.0275%) | JP¥1,212.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4642.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,232.67 | 1.71% |
| R2 | 1,224.64 | 1.04% |
| R1 | 1,219.69 | 0.634% |
| Price | 1,212.00 | |
| S1 | 1,203.64 | -0.689% |
| S2 | 1,198.69 | -1.10% |
| S3 | 1,190.67 | -1.76% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 1,212.00 | |
| S1 | 1,176.00 | -2.97% |
| S2 | 1,152.00 | -4.95% |
| S3 | 1,150.00 | -5.12% |
4642 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2024 | Dec 27, 2024 | Dec 27, 2024 | JP¥0 | 0% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Mar 27, 2024 | JP¥32.00 | 2.81% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥32.00 | 4.00% |
| 4 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥32.00 | 3.14% |
| 5 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | JP¥32.00 | 3.35% |
FAQ
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