ORACLE CORPORATION JAPAN Stock Forecast
Red day on Wednesday for ORACLE CORPORATION JAPAN stock after losing 0.572%
(Updated on May 22, 2024)
The ORACLE CORPORATION JAPAN stock price fell by -0.572% on the last day (Wednesday, 22nd May 2024) from JP¥12,245.00 to JP¥12,175.00. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.16% from a day low at JP¥12,105.00 to a day high of JP¥12,245.00. The price has fallen in 6 of the last 10 days but is still up by 2.79% over the past 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 -3 thousand shares and in total, 82 thousand shares were bought and sold for approximately JP¥998.35 million.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at JP¥12,372.41 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.32% during the next 3 months and, with a 90% probability hold a price between JP¥11,582.57 and JP¥12,782.98 at the end of this 3-month period.
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4716.T Signals & Forecast
The ORACLE CORPORATION JAPAN stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥12,190.00. On a fall, the stock will find some support from the long-term average at approximately JP¥11,649.57. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -1.38%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for ORACLE CORPORATION JAPAN stock
ORACLE CORPORATION JAPAN finds support from accumulated volume at JP¥11,845.00 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¥140.00 (1.16%) between high and low. For the last week, the stock has had daily average volatility of 1.59%.
Our recommended stop-loss: JP¥11,671.51 (-4.14%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 30 days ago.)
Trading Expectations (4716.T) For The Upcoming Trading Day Of Thursday 23rd
For the upcoming trading day on Thursday, 23rd we expect ORACLE CORPORATION JAPAN to open at JP¥12,175.00, and during the day (based on 14 day Average True Range), to move between JP¥11,916.84 and JP¥12,433.16, which gives a possible trading interval of +/-JP¥258.16 (+/-2.12%) up or down from last closing price. If ORACLE CORPORATION JAPAN takes out the full calculated possible swing range there will be an estimated 4.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at JP¥12,315.00 (1.15%) than the support at JP¥11,845.00 (2.71%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is ORACLE CORPORATION JAPAN stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for ORACLE CORPORATION JAPAN stock to perform well in the short-term.
Current score: 1.481 Buy Candidate Unchanged
Predicted Opening Price for ORACLE CORPORATION JAPAN of Thursday, May 23, 2024
| Fair opening price May 23, 2024 | Current price |
|---|---|
| JP¥12,175.00 ( 0%) | JP¥12,175.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4716.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12,315.00 | 1.15 % | |
| R2 | 12,261.52 | 0.711 % | ||
| R1 | 12,228.48 | 0.439 % | ||
| Current price: | 12,175.00 | |||
| Support | S1 | 12,121.52 | -0.439 % | |
| S2 | 12,088.48 | -0.711 % | ||
| S3 | 12,035.00 | -1.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12,405.00 | 1.89 % | |
| R2 | 12,320.00 | 1.19 % | ||
| R1 | 12,315.00 | 1.15 % | ||
| Current price | 12,175.00 | |||
| Support | S1 | 11,845.00 | -2.71% | |
| S2 | 11,470.00 | -5.79% | ||
| S3 | 11,305.00 | -7.15% |
4716 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | May 30, 2024 | JP¥171.00 | 1.40% |
| 2 | May 30, 2023 | May 30, 2023 | May 30, 2023 | JP¥162.00 | 1.52% |
| 3 | May 30, 2022 | May 30, 2022 | May 30, 2022 | JP¥160.00 | 2.02% |
| 4 | May 28, 2021 | May 28, 2021 | May 28, 2021 | JP¥992.00 | 9.95% |
| 5 | May 28, 2020 | May 28, 2020 | May 28, 2020 | JP¥149.00 | 1.22% |
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