SAGAMI RUBBER INDUSTRIES CO.,LTD. Stock Forecast
SAGAMI RUBBER INDUSTRIES CO.,LTD. stock downgraded from Buy Candidate to Hold/Accumulate after Monday trading session.
(Updated on May 20, 2024)
No changes to the price of SAGAMI RUBBER INDUSTRIES CO.,LTD. stock on the last trading day (Monday, 20th May 2024). During the last trading day the stock fluctuated 2.55% from a day low at JP¥940.00 to a day high of JP¥964.00. The price has fallen in 5 of the last 10 days and is down by -0.1% for this period.
The stockis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at JP¥969.23 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect SAGAMI RUBBER INDUSTRIES CO.,LTD. stock with a 90% probability to be traded between JP¥942.54 and JP¥974.76 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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5194.T Signals & Forecast
The SAGAMI RUBBER INDUSTRIES 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¥952.00 and JP¥950.00. 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 Friday, May 17, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. The stock had a Golden Star Signal on Thursday, April 25, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, April 25, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for SAGAMI RUBBER INDUSTRIES CO.,LTD. stock
SAGAMI RUBBER INDUSTRIES CO.,LTD. finds support from accumulated volume at JP¥952.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved JP¥24.00 between high and low, or 2.55%. For the last week the stock has had daily average volatility of 2.11%.
Our recommended stop-loss: JP¥926.60 (-3.88%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (5194.T) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect SAGAMI RUBBER INDUSTRIES CO.,LTD. to open at JP¥956.00, and during the day (based on 14 day Average True Range), to move between JP¥947.83 and JP¥980.17, which gives a possible trading interval of +/-JP¥16.17 (+/-1.68%) up or down from last closing price. If SAGAMI RUBBER INDUSTRIES CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.35% 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¥965.00 (0.10%) than the support at JP¥952.00 (1.24%), 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 SAGAMI RUBBER INDUSTRIES CO.,LTD. stock A Buy?
SAGAMI RUBBER INDUSTRIES CO.,LTD. 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: 0.830 Hold/Accumulate Downgraded
Predicted Opening Price for SAGAMI RUBBER INDUSTRIES CO.,LTD. of Tuesday, May 21, 2024
Fair opening price May 21, 2024 | Current price |
---|---|
JP¥956.00 ( 0.83%) | JP¥964.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 5194.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 980.00 | 1.66 % | |
R2 | 970.83 | 0.709 % | ||
R1 | 965.17 | 0.121 % | ||
Current price: | 964.00 | |||
Support | S1 | 946.83 | -1.78 % | |
S2 | 941.17 | -2.37 % | ||
S3 | 932.00 | -3.32 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 966.00 | 0.207 % | ||
R1 | 965.00 | 0.104 % | ||
Current price | 964.00 | |||
Support | S1 | 952.00 | -1.24% | |
S2 | 950.00 | -1.45% | ||
S3 | 949.00 | -1.56% |
5194 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 28, 2025 | Mar 28, 2025 | Mar 28, 2025 | JP¥0 | 0% |
2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥10.00 | 1.22% |
3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥10.00 | 1.33% |
4 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥10.00 | 0.89% |
5 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥10.00 | 0.710% |
FAQ
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