Oricon Inc. Stock Forecast
Oricon Inc. stock price ended at JP¥868.00 on Wednesday, after losing 0.459%.
(Updated on Jul 03, 2024)
The Oricon Inc. stock price fell by -0.459% on the last day (Wednesday, 3rd Jul 2024) from JP¥872.00 to JP¥868.00. During the last trading day the stock fluctuated 0.92% from a day low at JP¥866.00 to a day high of JP¥874.00. The price has risen in 6 of the last 10 days and is up by 2.12% over the past 2 weeks. Volume has increased on the last day by 1 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, 3 thousand shares were bought and sold for approximately JP¥2.86 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.16% during the next 3 months and, with a 90% probability hold a price between JP¥866.55 and JP¥966.54 at the end of this 3-month period.
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4800.T Signals & Forecast
The Oricon Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥866.00 and JP¥855.94. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, July 02, 2024, and so far it has fallen -0.459%. 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 Oricon Inc. stock
Oricon Inc. finds support from accumulated volume at JP¥831.00 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¥8.00 between high and low, or 0.92%. For the last week the stock has had daily average volatility of 0.648%.
Our recommended stop-loss: JP¥844.93 (-2.66%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (4800.T) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Oricon Inc. to open at JP¥869.33, and during the day (based on 14 day Average True Range), to move between JP¥857.35 and JP¥878.65, which gives a possible trading interval of +/-JP¥10.65 (+/-1.23%) up or down from last closing price. If Oricon Inc. takes out the full calculated possible swing range there will be an estimated 2.45% 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¥878.00 (1.15%) than the support at JP¥831.00 (4.26%), 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 Oricon Inc. 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 Oricon Inc. stock to perform well in the short-term.
Current score: 1.770 Buy Candidate Unchanged
Predicted Opening Price for Oricon Inc. of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| JP¥869.33 ( 0.154%) | JP¥868.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4800.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 877.33 | 1.08% |
| R2 | 874.28 | 0.723% |
| R1 | 872.39 | 0.506% |
| Price | 868.00 | |
| S1 | 866.28 | -0.198% |
| S2 | 864.39 | -0.416% |
| S3 | 861.33 | -0.768% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 891.00 | 2.65% |
| R2 | 886.00 | 2.07% |
| R1 | 878.00 | 1.15% |
| Price | 868.00 | |
| S1 | 831.00 | -4.26% |
| S2 | 825.00 | -4.95% |
| S3 | 796.00 | -8.29% |
4800 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2025 | Mar 28, 2025 | Mar 28, 2025 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 27, 2024 | JP¥27.00 | 3.11% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥27.00 | 2.72% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥23.00 | 2.51% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥17.00 | 1.55% |
FAQ
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