Mitsuboshi Belting Ltd. Stock Forecast
Mitsuboshi Belting Ltd. stock upgraded from Strong Sell Candidate to Sell Candidate after Friday trading session.
(Updated on May 31, 2024)
The Mitsuboshi Belting Ltd. stock price gained 0.81% on the last trading day (Friday, 31st May 2024), rising from JP¥4,335.00 to JP¥4,370.00. During the last trading day the stock fluctuated 1.39% from a day low at JP¥4,325.00 to a day high of JP¥4,385.00. The price has been going up and down for this period, and there has been a -0.91% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 46 thousand more shares were traded than the day before. In total, 183 thousand shares were bought and sold for approximately JP¥799.71 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.48% during the next 3 months and, with a 90% probability hold a price between JP¥3,928.56 and JP¥4,359.34 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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5192.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 0.81%. Further rise is indicated until a new top pivot has been found. 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. The Mitsuboshi Belting 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¥4,387.14 and JP¥4,600.86. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Mitsuboshi Belting Ltd. stock
Mitsuboshi Belting Ltd. finds support from accumulated volume at JP¥4,340.00 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¥60.00 between high and low, or 1.39%. For the last week, the stock has had daily average volatility of 1.47%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (5192.T) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Mitsuboshi Belting Ltd. to open at JP¥4,360.00, and during the day (based on 14 day Average True Range), to move between JP¥4,282.94 and JP¥4,457.06, which gives a possible trading interval of +/-JP¥87.06 (+/-1.99%) up or down from last closing price. If Mitsuboshi Belting Ltd. takes out the full calculated possible swing range there will be an estimated 3.98% 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¥4,340.00 (0.69%) than the resistance at JP¥4,825.00 (10.41%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Mitsuboshi Belting Ltd. stock A Buy?
Mitsuboshi Belting Ltd. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -1.752 Sell Candidate Upgraded
Predicted Opening Price for Mitsuboshi Belting Ltd. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| JP¥4,360.00 ( 0.229%) | JP¥4,370.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 5192.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,420.00 | 1.14 % | |
| R2 | 4,397.08 | 0.620 % | ||
| R1 | 4,382.92 | 0.296 % | ||
| Current price: | 4,370.00 | |||
| Support | S1 | 4,337.08 | -0.753 % | |
| S2 | 4,322.92 | -1.08 % | ||
| S3 | 4,300.00 | -1.60 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,895.00 | 12.01 % | |
| R2 | 4,890.00 | 11.90 % | ||
| R1 | 4,825.00 | 10.41 % | ||
| Current price | 4,370.00 | |||
| Support | S1 | 4,340.00 | -0.686% | |
| S2 | 4,335.00 | -0.80% | ||
| S3 | 0 | . |
5192 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¥130.00 | 3.32% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥120.00 | 3.95% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥110.00 | 5.47% |
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