Fuji Oil Company,Ltd. Stock Forecast
Green day on Thursday for Fuji Oil Company,Ltd.
(Updated on Mar 28, 2024)
The Fuji Oil Company,Ltd. stock price gained 2.18% on the last trading day (Thursday, 28th Mar 2024), rising from JP¥459.00 to JP¥469.00. During the last trading day the stock fluctuated 5.52% from a day low at JP¥453.00 to a day high of JP¥478.00. The price has risen in 6 of the last 10 days and is up by 37.54% 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, 358 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately JP¥1.03 billion.
The stock lies in the upper part of a very wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at JP¥477.25 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.25% during the next 3 months and, with a 90% probability hold a price between JP¥357.86 and JP¥502.29 at the end of this 3-month period.
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5017.T Signals & Forecast
The Fuji Oil Company,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¥452.43 and JP¥368.20. 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). 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 Monday, March 25, 2024, and so far it has fallen -1.47%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Fuji Oil Company,Ltd. stock
Fuji Oil Company,Ltd. finds support from accumulated volume at JP¥464.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved JP¥25.00 between high and low, or 5.52%. For the last week, the stock has had daily average volatility of 6.82%.
The Fuji Oil Company,Ltd. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: JP¥450.52 (-3.94%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 78 and this increases the risk substantially. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (5017.T) For The Upcoming Trading Day Of Friday 29th
For the upcoming trading day on Friday, 29th we expect Fuji Oil Company,Ltd. to open at JP¥466.67, and during the day (based on 14 day Average True Range), to move between JP¥447.88 and JP¥490.12, which gives a possible trading interval of +/-JP¥21.12 (+/-4.50%) up or down from last closing price. If Fuji Oil Company,Ltd. takes out the full calculated possible swing range there will be an estimated 9.00% 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¥464.00 (1.07%) than the resistance at JP¥476.00 (1.49%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Fuji Oil Company,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 Fuji Oil Company,Ltd. stock to perform well in the short-term.
Current score: 2.545 Buy Candidate Unchanged
Predicted Opening Price for Fuji Oil Company,Ltd. of Friday, March 29, 2024
Fair opening price March 29, 2024 | Current price |
---|---|
JP¥466.67 ( 0.498%) | JP¥469.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 5017.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 491.67 | 4.83 % | |
R2 | 482.12 | 2.80 % | ||
R1 | 476.22 | 1.54 % | ||
Current price: | 469.00 | |||
Support | S1 | 457.12 | -2.53 % | |
S2 | 451.22 | -3.79 % | ||
S3 | 441.67 | -5.83 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 476.00 | 1.49 % | ||
Current price | 469.00 | |||
Support | S1 | 464.00 | -1.07% | |
S2 | 449.00 | -4.26% | ||
S3 | 375.00 | -20.04% |
5017 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥10.00 | 3.89% |
2 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥10.00 | 3.72% |
3 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥10.00 | 4.24% |
4 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥10.00 | 5.32% |
5 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥10.00 | 3.86% |
FAQ
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