MEIKO NETWORK JAPAN CO.,LTD. Stock Forecast
MEIKO NETWORK JAPAN CO.,LTD. stock price up 1.07% on Tuesday
(Updated on Jun 25, 2024)
The MEIKO NETWORK JAPAN CO.,LTD. stock price gained 1.07% on the last trading day (Tuesday, 25th Jun 2024), rising from JP¥751.00 to JP¥759.00. During the last trading day the stock fluctuated 1.20% from a day low at JP¥750.00 to a day high of JP¥759.00. The price has risen in 5 of the last 10 days and is up by 3.97% over the past 2 weeks. Volume fell on the last day by -1 thousand shares and in total, 71 thousand shares were bought and sold for approximately JP¥53.66 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 has broken the narrow and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at JP¥738.26, a level that may pose a second chance to hit a runner. According to fan-theory JP¥761.96 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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4668.T Signals & Forecast
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¥743.86 and JP¥725.97. 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 6.75%. 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. 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
On the downside, the stock finds support just below today's level from accumulated volume at JP¥720.00 and JP¥716.00. 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, MEIKO NETWORK JAPAN CO.,LTD. finds support just below today's level at JP¥720.00. If this is broken, then the next support from accumulated volume will be at JP¥716.00 and JP¥715.00.
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¥9.00 between high and low, or 1.20%. For the last week the stock has had daily average volatility of 0.92%.
The MEIKO NETWORK JAPAN CO.,LTD. stock is extremely overbought on RSI14 (81). 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¥733.23 (-3.39%) (This stock has low daily movements and this gives low risk. The RSI14 is 81 and this increases the risk substantially. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (4668.T) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect MEIKO NETWORK JAPAN CO.,LTD. to open at JP¥756.00, and during the day (based on 14 day Average True Range), to move between JP¥752.64 and JP¥765.36, which gives a possible trading interval of +/-JP¥6.36 (+/-0.84%) 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 1.68% 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¥39.00 (5.14%) from the current price of JP¥759.00, our system finds the risk reward attractive.
Is MEIKO NETWORK JAPAN CO.,LTD. stock A Buy?
MEIKO NETWORK JAPAN CO.,LTD. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for MEIKO NETWORK JAPAN CO.,LTD. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| JP¥756.00 ( 0.395%) | JP¥759.00 |
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 | 765.00 | 0.791% |
| R2 | 761.56 | 0.338% |
| R1 | 759.44 | 0.0577% |
| Price | 759.00 | |
| S1 | 752.56 | -0.85% |
| S2 | 750.44 | -1.13% |
| S3 | 747.00 | -1.58% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 759.00 | |
| S1 | 720.00 | -5.14% |
| S2 | 716.00 | -5.67% |
| S3 | 715.00 | -5.80% |
4668 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2024 | Aug 29, 2024 | Nov 01, 2024 | JP¥12.00 | 1.58% |
| 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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