SHUEI YOBIKO Co.,Ltd. Stock Forecast
Red day on Tuesday for SHUEI YOBIKO Co.,Ltd.
(Updated on Jul 02, 2024)
No changes to the price of SHUEI YOBIKO Co.,Ltd. stock on the last trading day (Tuesday, 2nd Jul 2024). During the last trading day the stock fluctuated 1.00% from a day low at JP¥300.00 to a day high of JP¥303.00. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock is at the lower part of a narrow and 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¥300.68 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect SHUEI YOBIKO Co.,Ltd. stock with a 90% probability to be traded between JP¥302.44 and JP¥312.91 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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4678.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 0.667%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The SHUEI YOBIKO Co.,Ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥303.14. On a fall, the stock will find some support from the short-term average at JP¥301.86. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for SHUEI YOBIKO Co.,Ltd. stock
SHUEI YOBIKO Co.,Ltd. finds support from accumulated volume at JP¥301.00 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¥3.00 between high and low, or 1.00%. For the last week the stock has had daily average volatility of 0.665%.
Our recommended stop-loss: JP¥284.56 (-5.77%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 37 days ago.)
Trading Expectations (4678.T) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect SHUEI YOBIKO Co.,Ltd. to open at JP¥301.67, and during the day (based on 14 day Average True Range), to move between JP¥299.94 and JP¥304.06, which gives a possible trading interval of +/-JP¥2.06 (+/-0.68%) up or down from last closing price. If SHUEI YOBIKO Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 1.36% 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¥301.00 (0.33%) than the resistance at JP¥304.00 (0.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SHUEI YOBIKO 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 SHUEI YOBIKO Co.,Ltd. stock to perform well in the short-term period.
Current score: 1.275 Buy Candidate Unchanged
Predicted Opening Price for SHUEI YOBIKO Co.,Ltd. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| JP¥301.67 ( 0.110%) | JP¥302.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4678.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 304.67 | 0.88% |
| R2 | 303.52 | 0.504% |
| R1 | 302.81 | 0.269% |
| Price | 302.00 | |
| S1 | 300.52 | -0.490% |
| S2 | 299.81 | -0.724% |
| S3 | 298.67 | -1.10% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 310.00 | 2.65% |
| R2 | 309.00 | 2.32% |
| R1 | 304.00 | 0.662% |
| Price | 302.00 | |
| S1 | 301.00 | -0.331% |
| S2 | 299.00 | -0.99% |
| S3 | 293.00 | -2.98% |
4678 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2025 | Mar 28, 2025 | Mar 28, 2025 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥10.00 | 3.33% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥10.00 | 2.39% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥6.00 | 1.39% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥8.00 | 1.88% |
FAQ
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