Maruichi Steel Tube Ltd. Stock Forecast
Maruichi Steel Tube Ltd. stock price down 0.0749% on Thursday
(Updated on May 02, 2024)
The Maruichi Steel Tube Ltd. stock price fell by -0.0749% on the last day (Thursday, 2nd May 2024) from JP¥4,003.00 to JP¥4,000.00. During the last trading day the stock fluctuated 1.51% from a day low at JP¥3,985.00 to a day high of JP¥4,045.00. The price has been going up and down for this period, and there has been a -0.99% loss for the last 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 -900 shares and in total, 142 thousand shares were bought and sold for approximately JP¥568.40 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥3,959.53 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 5.53% during the next 3 months and, with a 90% probability hold a price between JP¥4,178.43 and JP¥4,602.10 at the end of this 3-month period.
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5463.T Signals & Forecast
There are few to no technical positive signals at the moment. The Maruichi Steel Tube 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¥4,050.71 and JP¥4,058.80. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -4.69%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Maruichi Steel Tube Ltd. stock
Maruichi Steel Tube Ltd. finds support from accumulated volume at JP¥3,986.00 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¥60.00 between high and low, or 1.51%. For the last week the stock has had daily average volatility of 1.74%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (5463.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Maruichi Steel Tube Ltd. to open at JP¥4,010.00, and during the day (based on 14 day Average True Range), to move between JP¥3,917.59 and JP¥4,082.41, which gives a possible trading interval of +/-JP¥82.41 (+/-2.06%) up or down from last closing price. If Maruichi Steel Tube Ltd. takes out the full calculated possible swing range there will be an estimated 4.12% 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¥4,014.00 (0.35%) than the support at JP¥3,986.00 (0.35%), 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.
Earnings coming up
Maruichi Steel Tube Ltd. will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for Maruichi Steel Tube Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.40% in the first trading day after earnings release.
Is Maruichi Steel Tube Ltd. stock A Buy?
The Maruichi Steel Tube Ltd. stock holds several negative signals and despite the positive trend, we believe Maruichi Steel Tube Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.766 Sell Candidate Unchanged
Predicted Opening Price for Maruichi Steel Tube Ltd. of Tuesday, May 7, 2024
Fair opening price May 7, 2024 | Current price |
---|---|
JP¥4,010.00 ( 0.250%) | JP¥4,000.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 5463.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4,070.00 | 1.75 % | |
R2 | 4,047.08 | 1.18 % | ||
R1 | 4,032.92 | 0.82 % | ||
Current price: | 4,000.00 | |||
Support | S1 | 3,987.08 | -0.323 % | |
S2 | 3,972.92 | -0.677 % | ||
S3 | 3,950.00 | -1.25 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4,115.00 | 2.88 % | |
R2 | 4,022.00 | 0.550 % | ||
R1 | 4,014.00 | 0.350 % | ||
Current price | 4,000.00 | |||
Support | S1 | 3,986.00 | -0.350% | |
S2 | 3,920.00 | -2.00% | ||
S3 | 3,853.00 | -3.68% |
5463 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¥69.50 | 2.44% |
3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥40.00 | 1.34% |
4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥51.00 | 1.82% |
5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥40.00 | 1.52% |
FAQ
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