Fukoku Co.,Ltd. Stock Forecast
Fukoku Co.,Ltd. stock upgraded to Hold/Accumulate.
(Updated on May 08, 2024)
The Fukoku Co.,Ltd. stock price fell by -1.11% on the last day (Wednesday, 8th May 2024) from JP¥1,803.00 to JP¥1,783.00. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.97% from a day low at JP¥1,778.00 to a day high of JP¥1,813.00. The price has fallen in 6 of the last 10 days and is down by -6.31% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -8 thousand shares and in total, 41 thousand shares were bought and sold for approximately JP¥72.39 million.
Given the current short-term trend, the stock is expected to rise 23.14% during the next 3 months and, with a 90% probability hold a price between JP¥2,195.64 and JP¥2,614.32 at the end of this 3-month period.
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5185.T Signals & Forecast
There are few to no technical positive signals at the moment. The Fukoku Co.,Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥1,839.29 and JP¥1,867.26. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -11.95%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Fukoku Co.,Ltd. stock
Fukoku Co.,Ltd. finds support from accumulated volume at JP¥1,704.00 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¥35.00 between high and low, or 1.97%. For the last week, the stock has had daily average volatility of 2.20%.
Fukoku Co.,Ltd. is oversold on RSI14 (25). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: JP¥1,677.20 (-5.93%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 25 which reduces the risk some. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (5185.T) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Fukoku Co.,Ltd. to open at JP¥1,791.33, and during the day (based on 14 day Average True Range), to move between JP¥1,726.31 and JP¥1,839.69, which gives a possible trading interval of +/-JP¥56.69 (+/-3.18%) up or down from last closing price. If Fukoku Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 6.36% 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¥1,796.00 (0.73%) than the support at JP¥1,704.00 (4.43%), 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
Fukoku Co.,Ltd. will release earnings BMO on Wednesday, May 15, 2024. We will update the financials statements for Fukoku Co.,Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.09% in the first trading day after earnings release.
Is Fukoku Co.,Ltd. stock A Buy?
Fukoku Co.,Ltd. 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: -0.692 Hold/Accumulate Upgraded
Predicted Opening Price for Fukoku Co.,Ltd. of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| JP¥1,791.33 ( 0.467%) | JP¥1,783.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 5185.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,826.33 | 2.43 % | |
| R2 | 1,812.96 | 1.68 % | ||
| R1 | 1,804.70 | 1.22 % | ||
| Current price: | 1,783.00 | |||
| Support | S1 | 1,777.96 | -0.282 % | |
| S2 | 1,769.70 | -0.746 % | ||
| S3 | 1,756.33 | -1.50 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,953.00 | 9.53 % | |
| R2 | 1,883.00 | 5.61 % | ||
| R1 | 1,796.00 | 0.729 % | ||
| Current price | 1,783.00 | |||
| Support | S1 | 1,704.00 | -4.43% | |
| S2 | 1,647.00 | -7.63% | ||
| S3 | 1,620.00 | -9.14% |
5185 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¥23.00 | 2.28% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥27.00 | 2.74% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥20.00 | 2.10% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥29.00 | 2.70% |
FAQ
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