ORIGINAL ENGINEERING CONSULTANTS Stock Forecast
ORIGINAL ENGINEERING CONSULTANTS stock upgraded to Hold/Accumulate.
(Updated on Jun 14, 2024)
The ORIGINAL ENGINEERING CONSULTANTS stock price fell by -0.87% on the last day (Friday, 14th Jun 2024) from JP¥1,145.00 to JP¥1,135.00. During the last trading day the stock fluctuated 0.97% from a day low at JP¥1,135.00 to a day high of JP¥1,146.00. The price has been going up and down for this period, and there has been a 0.09% gain for the last 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 -200 shares and in total, 200 shares were bought and sold for approximately JP¥227.00 thousand.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at JP¥1,132.14 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect ORIGINAL ENGINEERING CONSULTANTS stock with a 90% probability to be traded between JP¥1,121.57 and JP¥1,193.26 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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4642.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 31, 2024, and so far it has risen 0.0882%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ORIGINAL ENGINEERING CONSULTANTS 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¥1,139.29 and JP¥1,154.94. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for ORIGINAL ENGINEERING CONSULTANTS stock
ORIGINAL ENGINEERING CONSULTANTS finds support from accumulated volume at JP¥1,134.00 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved JP¥11.00 between high and low, or 0.97%. For the last week the stock has had daily average volatility of 0.90%
Our recommended stop-loss: JP¥1,065.02 (-6.17%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 51 days ago.)
Trading Expectations (4642.T) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect ORIGINAL ENGINEERING CONSULTANTS CO.,LTD. to open at JP¥1,138.67, and during the day (based on 14 day Average True Range), to move between JP¥1,122.97 and JP¥1,147.03, which gives a possible trading interval of +/-JP¥12.03 (+/-1.06%) 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 2.12% 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¥1,134.00 (0.09%) than the resistance at JP¥1,150.00 (1.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ORIGINAL ENGINEERING CONSULTANTS CO.,LTD. stock A Buy?
ORIGINAL ENGINEERING CONSULTANTS holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.348 Hold/Accumulate Upgraded
Predicted Opening Price for ORIGINAL ENGINEERING CONSULTANTS CO.,LTD. of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| JP¥1,138.67 ( 0.323%) | JP¥1,135.00 |
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 | 1,149.67 | 1.29% |
| R2 | 1,145.46 | 0.92% |
| R1 | 1,142.87 | 0.693% |
| Price | 1,135.00 | |
| S1 | 1,134.46 | -0.0472% |
| S2 | 1,131.87 | -0.276% |
| S3 | 1,127.67 | -0.646% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,212.00 | 6.78% |
| R2 | 1,176.00 | 3.61% |
| R1 | 1,150.00 | 1.32% |
| Price | 1,135.00 | |
| S1 | 1,134.00 | -0.0881% |
| S2 | 1,126.00 | -0.793% |
| S3 | 1,123.00 | -1.06% |
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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