Fukoku Co.,Ltd. Stock Forecast
Red day on Wednesday for Fukoku Co.,Ltd.
(Updated on May 29, 2024)
The Fukoku Co.,Ltd. stock price fell by -0.483% on the last day (Wednesday, 29th May 2024) from JP¥2,072.00 to JP¥2,062.00. During the last trading day the stock fluctuated 3.68% from a day low at JP¥2,040.00 to a day high of JP¥2,115.00. The price has risen in 5 of the last 10 days and is up by 17.16% over the past 2 weeks. 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 -17 thousand shares and in total, 104 thousand shares were bought and sold for approximately JP¥213.42 million.
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¥2,092.89 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 12.51% during the next 3 months and, with a 90% probability hold a price between JP¥2,024.50 and JP¥2,354.66 at the end of this 3-month period.
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5185.T Signals & Forecast
The Fukoku 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¥1,998.00 and JP¥1,908.51. 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). 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, May 27, 2024, and so far it has fallen -1.10%. Further fall is indicated until a new bottom pivot has been found. 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
On the downside, the stock finds support just below today's level from accumulated volume at JP¥1,915.00 and JP¥1,859.00. 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, Fukoku Co.,Ltd. finds support just below today's level at JP¥1,915.00. If this is broken, then the next support from accumulated volume will be at JP¥1,859.00 and JP¥1,796.00.
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¥75.00 between high and low, or 3.68%. For the last week, the stock has had daily average volatility of 3.76%.
Our recommended stop-loss: JP¥1,983.22 (-3.82%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (5185.T) For The Upcoming Trading Day Of Thursday 30th
For the upcoming trading day on Thursday, 30th we expect Fukoku Co.,Ltd. to open at JP¥2,072.33, and during the day (based on 14 day Average True Range), to move between JP¥1,985.65 and JP¥2,138.35, which gives a possible trading interval of +/-JP¥76.35 (+/-3.70%) up or down from last closing price. If Fukoku Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 7.41% 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¥2,072.00 (0.48%) than the support at JP¥1,915.00 (7.13%), 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.
Is Fukoku 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 Fukoku Co.,Ltd. stock to perform well in the short-term.
Current score: 1.860 Buy Candidate Unchanged
Predicted Opening Price for Fukoku Co.,Ltd. of Thursday, May 30, 2024
Fair opening price May 30, 2024 | Current price |
---|---|
JP¥2,072.33 ( 0.501%) | JP¥2,062.00 |
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 | 2,147.33 | 4.14 % | |
R2 | 2,118.68 | 2.75 % | ||
R1 | 2,100.98 | 1.89 % | ||
Current price: | 2,062.00 | |||
Support | S1 | 2,043.68 | -0.89 % | |
S2 | 2,025.98 | -1.75 % | ||
S3 | 1,997.33 | -3.14 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 2,085.00 | 1.12 % | ||
R1 | 2,072.00 | 0.485 % | ||
Current price | 2,062.00 | |||
Support | S1 | 1,915.00 | -7.13% | |
S2 | 1,859.00 | -9.84% | ||
S3 | 1,796.00 | -12.90% |
5185 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
2 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥23.00 | 2.28% |
4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥27.00 | 2.74% |
5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥20.00 | 2.10% |
FAQ
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