JAPAN PURE CHEMICAL CO.,LTD. Stock Forecast
JAPAN PURE CHEMICAL CO.,LTD. stock price ended at JP¥3,230.00 on Wednesday, after gaining 2.87%.
(Updated on Apr 24, 2024)
The JAPAN PURE CHEMICAL CO.,LTD. stock price gained 2.87% on the last trading day (Wednesday, 24th Apr 2024), rising from JP¥3,140.00 to JP¥3,230.00. During the last trading day the stock fluctuated 2.70% from a day low at JP¥3,150.00 to a day high of JP¥3,235.00. The price has fallen in 6 of the last 10 days and is down by -1.37% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 29 thousand more shares were traded than the day before. In total, 48 thousand shares were bought and sold for approximately JP¥154.39 million.
The stock lies in the middle of a strong 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 24.92% during the next 3 months and, with a 90% probability hold a price between JP¥3,912.82 and JP¥4,260.17 at the end of this 3-month period.
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4973.T Signals & Forecast
The JAPAN PURE CHEMICAL 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¥3,167.86 and JP¥3,071.71. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -2.42%. 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).
Support, Risk & Stop-loss for JAPAN PURE CHEMICAL CO.,LTD. stock
JAPAN PURE CHEMICAL CO.,LTD. finds support from accumulated volume at JP¥3,160.00 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¥85.00 between high and low, or 2.70%. For the last week, the stock has had daily average volatility of 3.04%.
Our recommended stop-loss: JP¥3,086.86 (-4.43%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (4973.T) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect JAPAN PURE CHEMICAL CO.,LTD. to open at JP¥3,205.00, and during the day (based on 14 day Average True Range), to move between JP¥3,143.03 and JP¥3,316.97, which gives a possible trading interval of +/-JP¥86.97 (+/-2.69%) up or down from last closing price. If JAPAN PURE CHEMICAL CO.,LTD. takes out the full calculated possible swing range there will be an estimated 5.39% 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¥3,245.00 (0.46%) than the support at JP¥3,160.00 (2.17%), 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.
Earnings coming up
JAPAN PURE CHEMICAL CO.,LTD. will release earnings BMO on Wednesday, April 24, 2024. We will update the financials statements for JAPAN PURE CHEMICAL CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.92% in the first trading day after earnings release.
Is JAPAN PURE CHEMICAL CO.,LTD. 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 JAPAN PURE CHEMICAL CO.,LTD. stock to perform well in the short-term.
Current score: 4.069 Buy Candidate Unchanged
Predicted Opening Price for JAPAN PURE CHEMICAL CO.,LTD. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| JP¥3,205.00 ( 0.774%) | JP¥3,230.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4973.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,290.00 | 1.86 % | |
| R2 | 3,257.53 | 0.85 % | ||
| R1 | 3,237.47 | 0.231 % | ||
| Current price: | 3,230.00 | |||
| Support | S1 | 3,172.53 | -1.78 % | |
| S2 | 3,152.47 | -2.40 % | ||
| S3 | 3,120.00 | -3.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,275.00 | 1.39 % | |
| R2 | 3,270.00 | 1.24 % | ||
| R1 | 3,245.00 | 0.464 % | ||
| Current price | 3,230.00 | |||
| Support | S1 | 3,160.00 | -2.17% | |
| S2 | 3,140.00 | -2.79% | ||
| S3 | 2,721.00 | -15.76% |
4973 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥40.00 | 1.53% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥40.00 | 1.73% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥10.00 | 0.407% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥40.00 | 1.36% |
FAQ
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