MITANI SEKISAN CO.,LTD. Stock Forecast
MITANI SEKISAN CO.,LTD. stock price down 0.360% on Wednesday
(Updated on Apr 24, 2024)
The MITANI SEKISAN CO.,LTD. stock price fell by -0.360% on the last day (Wednesday, 24th Apr 2024) from JP¥5,550.00 to JP¥5,530.00. During the last trading day the stock fluctuated 2.36% from a day low at JP¥5,500.00 to a day high of JP¥5,630.00. The price has fallen in 6 of the last 10 days and is down by -11.38% for this period. Volume has increased on the last day by 500 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 6 thousand shares were bought and sold for approximately JP¥33.73 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥5,343.68 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 15.48% during the next 3 months and, with a 90% probability hold a price between JP¥6,171.03 and JP¥7,649.38 at the end of this 3-month period.
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5273.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 4.34%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The MITANI SEKISAN 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¥5,550.00 and JP¥5,822.57. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for MITANI SEKISAN CO.,LTD. stock
MITANI SEKISAN CO.,LTD. finds support from accumulated volume at JP¥5,410.00 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¥130.00 between high and low, or 2.36%. For the last week, the stock has had daily average volatility of 4.20%.
MITANI SEKISAN CO.,LTD. is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (5273.T) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect MITANI SEKISAN CO.,LTD. to open at JP¥5,553.33, and during the day (based on 14 day Average True Range), to move between JP¥5,312.54 and JP¥5,747.46, which gives a possible trading interval of +/-JP¥217.46 (+/-3.93%) up or down from last closing price. If MITANI SEKISAN CO.,LTD. takes out the full calculated possible swing range there will be an estimated 7.86% 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¥5,630.00 (1.81%) than the support at JP¥5,410.00 (2.17%), 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 MITANI SEKISAN CO.,LTD. stock A Buy?
The MITANI SEKISAN CO.,LTD. stock holds several negative signals and despite the positive trend, we believe MITANI SEKISAN CO.,LTD. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.335 Sell Candidate Unchanged
Predicted Opening Price for MITANI SEKISAN CO.,LTD. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| JP¥5,553.33 ( 0.422%) | JP¥5,530.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 5273.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5,683.33 | 2.77 % | |
| R2 | 5,633.67 | 1.87 % | ||
| R1 | 5,602.99 | 1.32 % | ||
| Current price: | 5,530.00 | |||
| Support | S1 | 5,503.67 | -0.476 % | |
| S2 | 5,472.99 | -1.03 % | ||
| S3 | 5,423.33 | -1.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6,060.00 | 9.58 % | |
| R2 | 5,640.00 | 1.99 % | ||
| R1 | 5,630.00 | 1.81 % | ||
| Current price | 5,530.00 | |||
| Support | S1 | 5,410.00 | -2.17% | |
| S2 | 5,330.00 | -3.62% | ||
| S3 | 5,300.00 | -4.16% |
5273 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¥45.50 | 0.99% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥26.50 | 0.759% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥22.50 | 0.334% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥21.50 | 0.298% |
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