COSMO ENERGY HOLDINGS COMPANY,LIMITED Stock Forecast
Evaluation of COSMO ENERGY HOLDINGS COMPANY,LIMITED stock downgraded after the last trading session.
(Updated on Mar 29, 2024)
The COSMO ENERGY HOLDINGS COMPANY,LIMITED stock price gained 1.36% on the last trading day (Friday, 29th Mar 2024), rising from JP¥7,572.00 to JP¥7,675.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.44% from a day low at JP¥7,510.00 to a day high of JP¥7,693.00. The price has risen in 7 of the last 10 days and is up by 10.16% over the past 2 weeks. Volume fell on the last day by -161 thousand shares and in total, 342 thousand shares were bought and sold for approximately JP¥2.63 billion. 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 lies in the upper part of a wide and strong 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¥7,678.57 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 25.17% during the next 3 months and, with a 90% probability hold a price between JP¥8,645.72 and JP¥9,611.50 at the end of this 3-month period.
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5021.T Signals & Forecast
The COSMO ENERGY HOLDINGS COMPANY,LIMITED 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¥7,561.71 and JP¥6,800.89. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, February 08, 2024, and so far it has risen 27.64%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for COSMO ENERGY HOLDINGS COMPANY,LIMITED stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥7,285.00 and JP¥6,406.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, COSMO ENERGY HOLDINGS COMPANY,LIMITED finds support just below today's level at JP¥7,285.00. If this is broken, then the next support from accumulated volume will be at JP¥6,406.00 and JP¥6,137.00.
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¥183.00 between high and low, or 2.44%. For the last week, the stock has had daily average volatility of 2.93%.
The COSMO ENERGY HOLDINGS COMPANY,LIMITED 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 and the RSI is still moving upwards. 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¥7,452.43 (-2.90%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 80 and this increases the risk substantially. There is a buy signal from a pivot bottom found 33 days ago.)
Trading Expectations (5021.T) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect COSMO ENERGY HOLDINGS COMPANY,LIMITED to open at JP¥7,626.00, and during the day (based on 14 day Average True Range), to move between JP¥7,489.25 and JP¥7,860.75, which gives a possible trading interval of +/-JP¥185.75 (+/-2.42%) up or down from last closing price. If COSMO ENERGY HOLDINGS COMPANY,LIMITED takes out the full calculated possible swing range there will be an estimated 4.84% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥7,285.00, some JP¥390.00 (5.08%) from the current price of JP¥7,675.00, our system finds the risk reward attractive.
Is COSMO ENERGY HOLDINGS COMPANY,LIMITED stock A Buy?
COSMO ENERGY HOLDINGS COMPANY,LIMITED holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for COSMO ENERGY HOLDINGS COMPANY,LIMITED of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
JP¥7,626.00 ( 0.638%) | JP¥7,675.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 5021.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7,809.00 | 1.75 % | |
R2 | 7,739.09 | 0.84 % | ||
R1 | 7,695.91 | 0.272 % | ||
Current price: | 7,675.00 | |||
Support | S1 | 7,556.09 | -1.55 % | |
S2 | 7,512.91 | -2.11 % | ||
S3 | 7,443.00 | -3.02 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 7,675.00 | |||
Support | S1 | 7,285.00 | -5.08% | |
S2 | 6,406.00 | -16.53% | ||
S3 | 6,137.00 | -20.04% |
5021 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¥75.00 | 1.78% |
3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥75.00 | 1.97% |
4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥100.00 | 3.81% |
5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥80.00 | 2.97% |
FAQ
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