MITANI SEKISAN CO.,LTD. Stock Forecast
Evaluation of MITANI SEKISAN CO.,LTD. stock downgraded after the last trading session.
(Updated on May 02, 2024)
No changes to the price of MITANI SEKISAN CO.,LTD. stock on the last trading day (Thursday, 2nd May 2024). During the last trading day the stock fluctuated 2.46% from a day low at JP¥5,680.00 to a day high of JP¥5,820.00. The price has risen in 5 of the last 10 days and is up by 3.62% over the past 2 weeks.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 9.17% during the next 3 months and, with a 90% probability hold a price between JP¥5,867.76 and JP¥7,203.16 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 8.11%. Further rise is indicated until a new top pivot has been found. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. 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 a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥5,845.71. On a fall, the stock will find some support from the short-term average at JP¥5,622.86. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for MITANI SEKISAN CO.,LTD. stock
MITANI SEKISAN CO.,LTD. finds support from accumulated volume at JP¥5,640.00 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¥140.00 between high and low, or 2.46%. For the last week, the stock has had daily average volatility of 3.41%.
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 Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect MITANI SEKISAN CO.,LTD. to open at JP¥5,743.33, and during the day (based on 14 day Average True Range), to move between JP¥5,518.73 and JP¥5,941.27, which gives a possible trading interval of +/-JP¥211.27 (+/-3.69%) 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 7.37% 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¥5,640.00 (1.57%) than the resistance at JP¥5,900.00 (2.97%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is MITANI SEKISAN CO.,LTD. stock A Buy?
MITANI SEKISAN CO.,LTD. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.299 Sell Candidate Downgraded
Predicted Opening Price for MITANI SEKISAN CO.,LTD. of Tuesday, May 7, 2024
Fair opening price May 7, 2024 | Current price |
---|---|
JP¥5,743.33 ( 0.233%) | JP¥5,730.00 |
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 | 5,883.33 | 2.68 % | |
R2 | 5,829.85 | 1.74 % | ||
R1 | 5,796.81 | 1.17 % | ||
Current price: | 5,730.00 | |||
Support | S1 | 5,689.85 | -0.701 % | |
S2 | 5,656.81 | -1.28 % | ||
S3 | 5,603.33 | -2.21 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 6,160.00 | 7.50 % | |
R2 | 6,060.00 | 5.76 % | ||
R1 | 5,900.00 | 2.97 % | ||
Current price | 5,730.00 | |||
Support | S1 | 5,640.00 | -1.57% | |
S2 | 5,630.00 | -1.75% | ||
S3 | 5,530.00 | -3.49% |
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% |
FAQ
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