MEIKO NETWORK JAPAN CO.,LTD. Stock Forecast
Green day on Thursday for MEIKO NETWORK JAPAN CO.,LTD. stock after gaining 0.135%
(Updated on Jun 20, 2024)
The MEIKO NETWORK JAPAN CO.,LTD. stock price gained 0.135% on the last trading day (Thursday, 20th Jun 2024), rising from JP¥742.00 to JP¥743.00. During the last trading day the stock fluctuated 0.95% from a day low at JP¥739.00 to a day high of JP¥746.00. The price has been going up and down for this period, and there has been a 2.77% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 900 more shares were traded than the day before. In total, 45 thousand shares were bought and sold for approximately JP¥33.21 million.
The stock has broken the narrow and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. JP¥738.22 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach JP¥767.49 sometime during the next 3 months.
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4668.T Signals & Forecast
Mostly positive signals in the chart today. The MEIKO NETWORK JAPAN CO.,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¥734.86 and JP¥723.37. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 4.50%. 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. The stock had a Golden Star Signal on Thursday, May 30, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, June 03, 2024.
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
The stock had a Golden Star Signal on Thursday, May 30, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, June 03, 2024.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 Thursday, May 30, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, June 03, 2024.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 MEIKO NETWORK JAPAN CO.,LTD. stock
MEIKO NETWORK JAPAN CO.,LTD. finds support from accumulated volume at JP¥720.00 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¥7.00 between high and low, or 0.95%. For the last week the stock has had daily average volatility of 1.12%.
The MEIKO NETWORK JAPAN CO.,LTD. stock is extremely overbought on RSI14 (76). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: JP¥707.63 (-4.76%) (This stock has low daily movements and this gives low risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (4668.T) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect MEIKO NETWORK JAPAN CO.,LTD. to open at JP¥742.67, and during the day (based on 14 day Average True Range), to move between JP¥736.84 and JP¥749.16, which gives a possible trading interval of +/-JP¥6.16 (+/-0.83%) up or down from last closing price. If MEIKO NETWORK JAPAN CO.,LTD. takes out the full calculated possible swing range there will be an estimated 1.66% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥720.00, some JP¥23.00 (3.10%) from the current price of JP¥743.00, our system finds the risk reward attractive.
Is MEIKO NETWORK JAPAN CO.,LTD. stock A Buy?
Several short-term signals are positive and the stock has broken the horizontal trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for MEIKO NETWORK JAPAN CO.,LTD. stock to perform well in the short-term period.
Current score: 3.096 Buy Candidate Unchanged
Predicted Opening Price for MEIKO NETWORK JAPAN CO.,LTD. of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| JP¥742.67 ( 0.0449%) | JP¥743.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4668.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 749.67 | 0.90% |
| R2 | 746.99 | 0.537% |
| R1 | 745.34 | 0.315% |
| Price | 743.00 | |
| S1 | 739.99 | -0.405% |
| S2 | 738.34 | -0.627% |
| S3 | 735.67 | -0.99% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 743.00 | |
| S1 | 720.00 | -3.10% |
| S2 | 716.00 | -3.63% |
| S3 | 715.00 | -3.77% |
4668 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2024 | Aug 29, 2024 | Nov 01, 2024 | JP¥12.00 | 1.62% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | JP¥10.00 | 1.45% |
| 3 | Aug 30, 2023 | Aug 30, 2023 | Aug 30, 2023 | JP¥12.00 | 1.84% |
| 4 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | JP¥12.00 | 1.95% |
| 5 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | JP¥11.00 | 1.82% |
FAQ
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