OTSUKA CORPORATION Stock Forecast
Red day on Friday for OTSUKA CORPORATION
(Updated on Mar 29, 2024)
The OTSUKA CORPORATION stock price fell by -0.125% on the last day (Friday, 29th Mar 2024) from JP¥3,201.00 to JP¥3,197.00. During the last trading day the stock fluctuated 2.15% from a day low at JP¥3,159.00 to a day high of JP¥3,227.00. The price has risen in 6 of the last 10 days but is still down by -51.11% 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 -21 thousand shares and in total, 1 million shares were bought and sold for approximately JP¥3.37 billion.
Given the current horizontal trend, you can expect OTSUKA CORPORATION stock with a 90% probability to be traded between JP¥3,248.73 and JP¥6,899.35 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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4768.T Signals & Forecast
There are few to no technical positive signals at the moment. 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¥5,670.14 and JP¥6,282.43. 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 -52.85%. 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 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¥68.00 between high and low, or 2.15%. For the last week, the stock has had daily average volatility of 2.30%.
OTSUKA CORPORATION is oversold on RSI14 (9). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
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 1st
For the upcoming trading day on Monday, 1st we expect OTSUKA CORPORATION to open at JP¥3,194.33, and during the day (based on 14 day Average True Range), to move between JP¥2,851.02 and JP¥3,542.98, which gives a possible trading interval of +/-JP¥345.98 (+/-10.82%) up or down from last closing price. If OTSUKA CORPORATION takes out the full calculated possible swing range there will be an estimated 21.64% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ JP¥3,201.00, some JP¥4.00 (0.13%) from the current price of JP¥3,197.00, 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.
Current score: -4.838 Sell Candidate Unchanged
Predicted Opening Price for OTSUKA CORPORATION of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
JP¥3,194.33 ( 0.0834%) | JP¥3,197.00 |
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 | 3,262.33 | 2.04 % | |
R2 | 3,236.36 | 1.23 % | ||
R1 | 3,220.31 | 0.729 % | ||
Current price: | 3,197.00 | |||
Support | S1 | 3,168.36 | -0.90 % | |
S2 | 3,152.31 | -1.40 % | ||
S3 | 3,126.33 | -2.21 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 3,201.00 | 0.125 % | ||
Current price | 3,197.00 | |||
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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