OTSUKA CORPORATION Stock Forecast
OTSUKA CORPORATION stock downgraded from Sell Candidate to Strong Sell Candidate after Friday trading session.
(Updated on Apr 19, 2024)
The OTSUKA CORPORATION stock price fell by -0.736% on the last day (Friday, 19th Apr 2024) from JP¥3,126.00 to JP¥3,103.00. During the last trading day the stock fluctuated 2.48% from a day low at JP¥3,061.00 to a day high of JP¥3,137.00. The price has fallen in 6 of the last 10 days and is down by -1.52% for this period. Volume has increased on the last day by 513 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately JP¥4.96 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 -37.80% during the next 3 months and, with a 90% probability hold a price between JP¥1,430.50 and JP¥3,516.52 at the end of this 3-month period.
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4768.T Signals & Forecast
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 OTSUKA 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¥3,147.57 and JP¥4,934.63. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -54.23%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for OTSUKA 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 may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved JP¥76.00 between high and low, or 2.48%. For the last week, the stock has had daily average volatility of 1.96%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (4768.T) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect OTSUKA CORPORATION to open at JP¥3,100.33, and during the day (based on 14 day Average True Range), to move between JP¥2,944.97 and JP¥3,261.03, which gives a possible trading interval of +/-JP¥158.03 (+/-5.09%) up or down from last closing price. If OTSUKA CORPORATION takes out the full calculated possible swing range there will be an estimated 10.19% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ JP¥3,139.00, some JP¥36.00 (1.16%) from the current price of JP¥3,103.00, our system finds the risk reward not very attractive.
Is OTSUKA CORPORATION stock A Buy?
OTSUKA CORPORATION holds several negative signals and is within a very 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -6.574 Strong Sell Candidate Downgraded
Predicted Opening Price for OTSUKA CORPORATION of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
JP¥3,100.33 ( 0.0859%) | JP¥3,103.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4768.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3,176.33 | 2.36 % | |
R2 | 3,147.30 | 1.43 % | ||
R1 | 3,129.37 | 0.85 % | ||
Current price: | 3,103.00 | |||
Support | S1 | 3,071.30 | -1.02 % | |
S2 | 3,053.37 | -1.60 % | ||
S3 | 3,024.33 | -2.54 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3,151.00 | 1.55 % | |
R2 | 3,142.00 | 1.26 % | ||
R1 | 3,139.00 | 1.16 % | ||
Current price | 3,103.00 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
4768 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 27, 2024 | Dec 27, 2024 | Dec 27, 2024 | JP¥0 | 0% |
2 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥125.00 | 6.05% |
3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥5.00 | 0.182% |
4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | JP¥115.00 | 4.20% |
5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | JP¥110.00 | 5.00% |
FAQ
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