MORY INDUSTRIES INC. Stock Forecast
Weaker technical forecast for MORY INDUSTRIES INC. as stock downgraded to Sell Candidate.
(Updated on May 22, 2024)
The MORY INDUSTRIES INC. stock price fell by -0.717% on the last day (Wednesday, 22nd May 2024) from JP¥5,580.00 to JP¥5,540.00. During the last trading day the stock fluctuated 2.73% from a day low at JP¥5,500.00 to a day high of JP¥5,650.00. The price has been going up and down for this period, and there has been a -13.57% loss for the last 2 weeks. Volume has increased on the last day by 2 thousand 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, 10 thousand shares were bought and sold for approximately JP¥53.74 million.
The stock lies in the lower part of a very 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¥5,494.48 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 11.58% during the next 3 months and, with a 90% probability hold a price between JP¥6,130.54 and JP¥8,044.11 at the end of this 3-month period.
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5464.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 15, 2024, and so far it has risen 2.03%. 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 MORY INDUSTRIES INC. 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¥5,600.00 and JP¥6,322.00. 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 MORY INDUSTRIES INC. stock
MORY INDUSTRIES INC. finds support from accumulated volume at JP¥5,530.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved JP¥150.00 between high and low, or 2.73%. For the last week, the stock has had daily average volatility of 2.96%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (5464.T) For The Upcoming Trading Day Of Thursday 23rd
For the upcoming trading day on Thursday, 23rd we expect MORY INDUSTRIES INC. to open at JP¥5,563.33, and during the day (based on 14 day Average True Range), to move between JP¥5,267.77 and JP¥5,812.23, which gives a possible trading interval of +/-JP¥272.23 (+/-4.91%) up or down from last closing price. If MORY INDUSTRIES INC. takes out the full calculated possible swing range there will be an estimated 9.83% 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¥5,530.00 (0.18%) than the resistance at JP¥5,590.00 (0.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is MORY INDUSTRIES INC. stock A Buy?
The MORY INDUSTRIES INC. stock holds several negative signals and despite the positive trend, we believe MORY INDUSTRIES INC. will perform weakly in the next couple of days or weeks. Therefore, we 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: -2.834 Sell Candidate Downgraded
Predicted Opening Price for MORY INDUSTRIES INC. of Thursday, May 23, 2024
| Fair opening price May 23, 2024 | Current price |
|---|---|
| JP¥5,563.33 ( 0.421%) | JP¥5,540.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 5464.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5,713.33 | 3.13 % | |
| R2 | 5,656.03 | 2.09 % | ||
| R1 | 5,620.63 | 1.46 % | ||
| Current price: | 5,540.00 | |||
| Support | S1 | 5,506.03 | -0.613 % | |
| S2 | 5,470.63 | -1.25 % | ||
| S3 | 5,413.33 | -2.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6,490.00 | 17.15 % | |
| R2 | 6,370.00 | 14.98 % | ||
| R1 | 5,590.00 | 0.90 % | ||
| Current price | 5,540.00 | |||
| Support | S1 | 5,530.00 | -0.181% | |
| S2 | 5,510.00 | -0.542% | ||
| S3 | 5,470.00 | -1.26% |
5464 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¥140.00 | 4.14% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥40.00 | 1.52% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥100.00 | 3.84% |
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