Future Corporation Stock Forecast
Stronger technical forecast for Future Corporation stock price after Friday trading.
(Updated on Apr 26, 2024)
The Future Corporation stock price fell by -1.66% on the last day (Friday, 26th Apr 2024) from JP¥1,568.00 to JP¥1,542.00. During the last trading day the stock fluctuated 1.90% from a day low at JP¥1,523.00 to a day high of JP¥1,552.00. The price has fallen in 6 of the last 10 days and is down by -14.76% for this period. 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 -731 thousand shares and in total, 381 thousand shares were bought and sold for approximately JP¥587.50 million.
The stock has broken the wide and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately JP¥1,631.05 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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4722.T Signals & Forecast
There are few to no technical positive signals at the moment. The Future Corporation 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¥1,694.43 and JP¥1,707.14. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -14.76%. 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 Future Corporation stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved JP¥29.00 between high and low, or 1.90%. For the last week, the stock has had daily average volatility of 3.73%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (4722.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Future Corporation to open at JP¥1,539.00, and during the day (based on 14 day Average True Range), to move between JP¥1,492.32 and JP¥1,591.68, which gives a possible trading interval of +/-JP¥49.68 (+/-3.22%) up or down from last closing price. If Future Corporation takes out the full calculated possible swing range there will be an estimated 6.44% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ JP¥1,568.00, some JP¥26.00 (1.69%) from the current price of JP¥1,542.00, our system finds the risk reward not very attractive.
Is Future Corporation stock A Buy?
Future Corporation holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.980 Sell Candidate Upgraded
Predicted Opening Price for Future Corporation of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥1,539.00 ( 0.195%) | JP¥1,542.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4722.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,568.00 | 1.69 % | |
| R2 | 1,556.92 | 0.97 % | ||
| R1 | 1,550.08 | 0.524 % | ||
| Current price: | 1,542.00 | |||
| Support | S1 | 1,527.92 | -0.91 % | |
| S2 | 1,521.08 | -1.36 % | ||
| S3 | 1,510.00 | -2.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,703.00 | 10.44 % | |
| R2 | 1,682.00 | 9.08 % | ||
| R1 | 1,568.00 | 1.69 % | ||
| Current price | 1,542.00 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
4722 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jun 27, 2024 | JP¥0 | 0% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥20.00 | 1.15% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥20.00 | 1.22% |
| 4 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥17.00 | 1.19% |
| 5 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥14.00 | 0.80% |
FAQ
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