JFE Systems, Inc. Stock Forecast
JFE Systems, Inc. stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on May 30, 2024)
The JFE Systems, Inc. stock price fell by -1.91% on the last day (Thursday, 30th May 2024) from JP¥3,400.00 to JP¥3,335.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.51% from a day low at JP¥3,315.00 to a day high of JP¥3,365.00. The price has fallen in 7 of the last 10 days and is down by -6.06% for this period. Volume has increased on the last day by 2 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, 6 thousand shares were bought and sold for approximately JP¥18.34 million.
The stock has broken the wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point (JP¥3,386.28) are considered to be a "second chance" to get out. According to the fan-theory JP¥3,025.04 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
4832.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 JFE Systems, Inc. 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¥3,415.71 and JP¥3,668.43. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -17.35%. 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 JFE Systems, Inc. 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¥50.00 between high and low, or 1.51%. 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 (4832.T) For The Upcoming Trading Day Of Friday 31st
For the upcoming trading day on Friday, 31st we expect JFE Systems, Inc. to open at JP¥3,338.33, and during the day (based on 14 day Average True Range), to move between JP¥3,251.65 and JP¥3,418.35, which gives a possible trading interval of +/-JP¥83.35 (+/-2.50%) up or down from last closing price. If JFE Systems, Inc. takes out the full calculated possible swing range there will be an estimated 5.00% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ JP¥3,555.00, some JP¥220.00 (6.60%) from the current price of JP¥3,335.00, our system finds the risk reward not very attractive.
Is JFE Systems, Inc. stock A Buy?
JFE Systems, Inc. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -4.609 Sell Candidate Downgraded
Predicted Opening Price for JFE Systems, Inc. of Friday, May 31, 2024
| Fair opening price May 31, 2024 | Current price |
|---|---|
| JP¥3,338.33 ( 0.1000%) | JP¥3,335.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4832.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,388.33 | 1.60 % | |
| R2 | 3,369.23 | 1.03 % | ||
| R1 | 3,357.43 | 0.673 % | ||
| Current price: | 3,335.00 | |||
| Support | S1 | 3,319.23 | -0.473 % | |
| S2 | 3,307.43 | -0.83 % | ||
| S3 | 3,288.33 | -1.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,035.00 | 20.99 % | |
| R2 | 3,590.00 | 7.65 % | ||
| R1 | 3,555.00 | 6.60 % | ||
| Current price | 3,335.00 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
4832 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥57.00 | 2.18% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥40.00 | 1.79% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥75.00 | 2.98% |
FAQ
Click here for our free guide on how to buy JFE Systems, Inc. Stock.
