C.Uyemura & Co.,Ltd. Stock Forecast
C.Uyemura & Co.,Ltd. stock upgraded to Buy Candidate.
(Updated on Jun 26, 2024)
The C.Uyemura & Co.,Ltd. stock price gained 4.51% on the last trading day (Wednesday, 26th Jun 2024), rising from JP¥10,430.00 to JP¥10,900.00. During the last trading day the stock fluctuated 5.37% from a day low at JP¥10,430.00 to a day high of JP¥10,990.00. The price has fallen in 6 of the last 10 days but is still up by 6.76% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 900 more shares were traded than the day before. In total, 17 thousand shares were bought and sold for approximately JP¥182.03 million.
The stock has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. JP¥10,565.07 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach JP¥11,503.35 sometime during the next 3 months.
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4966.T Signals & Forecast
The C.Uyemura & Co.,Ltd. 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¥10,334.29 and JP¥10,193.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 12.02%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for C.Uyemura & Co.,Ltd. stock
C.Uyemura & Co.,Ltd. finds support from accumulated volume at JP¥10,650.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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¥560.00 between high and low, or 5.37%. For the last week, the stock has had daily average volatility of 5.70%.
Our recommended stop-loss: JP¥10,449.12 (-4.14%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (4966.T) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect C.Uyemura & Co.,Ltd. to open at JP¥10,773.33, and during the day (based on 14 day Average True Range), to move between JP¥10,469.66 and JP¥11,330.34, which gives a possible trading interval of +/-JP¥430.34 (+/-3.95%) up or down from last closing price. If C.Uyemura & Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 7.90% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥10,650.00, some JP¥250.00 (2.29%) from the current price of JP¥10,900.00, our system finds the risk reward attractive.
Is C.Uyemura & Co.,Ltd. stock A Buy?
Several short-term signals are positive and the stock has broken the horizontal trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for C.Uyemura & Co.,Ltd. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.002 Buy Candidate Upgraded
Predicted Opening Price for C.Uyemura & Co.,Ltd. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| JP¥10,773.33 ( 1.16%) | JP¥10,900.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4966.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11,333.33 | 3.98% |
| R2 | 11,119.41 | 2.01% |
| R1 | 10,987.25 | 0.80% |
| Price | 10,900.00 | |
| S1 | 10,559.41 | -3.12% |
| S2 | 10,427.25 | -4.34% |
| S3 | 10,213.33 | -6.30% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 10,900.00 | |
| S1 | 10,650.00 | -2.29% |
| S2 | 10,250.00 | -5.96% |
| S3 | 10,100.00 | -7.34% |
4966 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 28, 2024 | JP¥180.00 | 1.65% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥180.00 | 2.84% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥130.00 | 2.31% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥80.00 | 2.06% |
FAQ
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