FUMAKILLA LIMITED Stock Forecast
FUMAKILLA LIMITED stock upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on May 02, 2024)
The FUMAKILLA LIMITED stock price gained 0.0873% on the last trading day (Thursday, 2nd May 2024), rising from JP¥1,145.00 to JP¥1,146.00. During the last trading day the stock fluctuated 0.88% from a day low at JP¥1,138.00 to a day high of JP¥1,148.00. The price has risen in 6 of the last 10 days and is up by 0.79% over the past 2 weeks. Volume fell on the last day by -15 thousand shares and in total, 26 thousand shares were bought and sold for approximately JP¥29.68 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect FUMAKILLA LIMITED stock with a 90% probability to be traded between JP¥1,144.79 and JP¥1,239.06 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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4998.T Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The FUMAKILLA LIMITED stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥1,170.29 and JP¥1,163.06. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -3.78%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for FUMAKILLA LIMITED stock
FUMAKILLA LIMITED finds support from accumulated volume at JP¥1,138.00 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¥10.00 between high and low, or 0.88%. For the last week the stock has had daily average volatility of 1.42%.
Our recommended stop-loss: JP¥1,093.13 (-4.61%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (4998.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect FUMAKILLA LIMITED to open at JP¥1,144.00, and during the day (based on 14 day Average True Range), to move between JP¥1,125.66 and JP¥1,166.34, which gives a possible trading interval of +/-JP¥20.34 (+/-1.77%) up or down from last closing price. If FUMAKILLA LIMITED takes out the full calculated possible swing range there will be an estimated 3.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥1,138.00 (0.70%) than the resistance at JP¥1,183.00 (3.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is FUMAKILLA LIMITED stock A Buy?
FUMAKILLA LIMITED holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.370 Hold/Accumulate Upgraded
Predicted Opening Price for FUMAKILLA LIMITED of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥1,144.00 ( 0.175%) | JP¥1,146.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4998.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,154.00 | 0.698 % | |
| R2 | 1,150.18 | 0.365 % | ||
| R1 | 1,147.82 | 0.159 % | ||
| Current price: | 1,146.00 | |||
| Support | S1 | 1,140.18 | -0.508 % | |
| S2 | 1,137.82 | -0.714 % | ||
| S3 | 1,134.00 | -1.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,199.00 | 4.62 % | |
| R2 | 1,191.00 | 3.93 % | ||
| R1 | 1,183.00 | 3.23 % | ||
| Current price | 1,146.00 | |||
| Support | S1 | 1,138.00 | -0.698% | |
| S2 | 1,134.00 | -1.05% | ||
| S3 | 1,102.00 | -3.84% |
4998 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥22.00 | 2.08% |
| 2 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥22.00 | 1.97% |
| 3 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥4.00 | 0.250% |
| 4 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥20.00 | 1.54% |
| 5 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥26.00 | 1.85% |
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