USS Co.,Ltd. Stock Forecast
Stronger technical forecast for USS Co.,Ltd. stock price after Thursday trading.
(Updated on May 02, 2024)
The USS Co.,Ltd. stock price fell by -0.703% on the last day (Thursday, 2nd May 2024) from JP¥1,209.00 to JP¥1,200.50. During the last trading day the stock fluctuated 1.71% from a day low at JP¥1,196.50 to a day high of JP¥1,217.00. The price has fallen in 6 of the last 10 days but is still up by 0.08% 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 -143 thousand shares and in total, 2 million shares were bought and sold for approximately JP¥2.00 billion.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -54.89% during the next 3 months and, with a 90% probability hold a price between JP¥408.70 and JP¥762.47 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
4732.T Signals & Forecast
There are mixed signals in the stock today. The USS Co.,Ltd. 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¥1,216.14 and JP¥1,621.53. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.31%. 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).
Support, Risk & Stop-loss for USS Co.,Ltd. stock
USS Co.,Ltd. finds support from accumulated volume at JP¥1,199.50 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¥20.50 between high and low, or 1.71%. For the last week the stock has had daily average volatility of 1.84%.
Our recommended stop-loss: JP¥1,131.28 (-5.77%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (4732.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect USS Co.,Ltd. to open at JP¥1,204.67, and during the day (based on 14 day Average True Range), to move between JP¥1,152.22 and JP¥1,248.78, which gives a possible trading interval of +/-JP¥48.28 (+/-4.02%) up or down from last closing price. If USS Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 8.04% 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¥1,199.50 (0.08%) than the resistance at JP¥1,206.00 (0.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
USS Co.,Ltd. will release earnings BMO on Wednesday, May 08, 2024. We will update the financials statements for USS Co.,Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.03% in the first trading day after earnings release.
Is USS Co.,Ltd. stock A Buy?
USS 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.780 Hold/Accumulate Upgraded
Predicted Opening Price for USS Co.,Ltd. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥1,204.67 ( 0.347%) | JP¥1,200.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4732.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,225.17 | 2.05 % | |
| R2 | 1,217.34 | 1.40 % | ||
| R1 | 1,212.50 | 1.00 % | ||
| Current price: | 1,200.50 | |||
| Support | S1 | 1,196.84 | -0.305 % | |
| S2 | 1,192.00 | -0.708 % | ||
| S3 | 1,184.17 | -1.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,234.50 | 2.83 % | |
| R2 | 1,219.00 | 1.54 % | ||
| R1 | 1,206.00 | 0.458 % | ||
| Current price | 1,200.50 | |||
| Support | S1 | 1,199.50 | -0.0833% | |
| S2 | 1,185.00 | -1.29% | ||
| S3 | 0 | . |
4732 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥33.80 | 2.96% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥33.70 | 2.90% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥37.00 | 3.57% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥29.20 | 3.04% |
FAQ
Click here for our free guide on how to buy USS Co.,Ltd. Stock.
