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RSI low/high Values: [ 30 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of 5464.T
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Stronger technical forecast for MORY INDUSTRIES INC. stock price after Friday trading.
(Updated on Jun 14, 2024)

Hold candidate since Jun 14, 2024 PDF

The MORY INDUSTRIES INC. stock price gained 3.61% on the last trading day (Friday, 14th Jun 2024), rising from JP¥4,980.00 to JP¥5,160.00. During the last trading day the stock fluctuated 1.97% from a day low at JP¥5,070.00 to a day high of JP¥5,170.00. The price has fallen in 6 of the last 10 days and is down by -3.73% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 thousand more shares were traded than the day before. In total, 21 thousand shares were bought and sold for approximately JP¥107.84 million.

The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥4,958.44 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -17.94% during the next 3 months and, with a 90% probability hold a price between JP¥4,069.11 and JP¥4,937.17 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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5464.T Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 3.61%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. 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 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¥5,664.86. On a fall, the stock will find some support from the short-term average at JP¥5,108.57. 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.

Support, Risk & Stop-loss for MORY INDUSTRIES INC. stock

MORY INDUSTRIES INC. finds support from accumulated volume at JP¥5,140.00 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¥100.00 between high and low, or 1.97%. For the last week, the stock has had daily average volatility of 2.61%.

Our recommended stop-loss: JP¥4,920.48 (-4.64%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 41 days ago.)

Trading Expectations (5464.T) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect MORY INDUSTRIES INC. to open at JP¥5,133.33, and during the day (based on 14 day Average True Range), to move between JP¥4,982.73 and JP¥5,337.27, which gives a possible trading interval of +/-JP¥177.27 (+/-3.44%) up or down from last closing price. If MORY INDUSTRIES INC. takes out the full calculated possible swing range there will be an estimated 6.87% 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¥5,140.00 (0.39%) than the resistance at JP¥5,590.00 (8.33%), 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?

MORY INDUSTRIES INC. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.069 Hold/Accumulate Upgraded

Predicted Opening Price for MORY INDUSTRIES INC. of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
JP¥5,133.33 ( 0.517%) JP¥5,160.00

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
R3 5,233.33 1.42%
R2 5,195.13 0.681%
R1 5,171.53 0.224%
Price 5,160.00
S1 5,095.13 -1.26%
S2 5,071.53 -1.71%
S3 5,033.33 -2.45%

Accumulated Volume Support & Resistance Levels

Level Price
R3 6,370.00 23.45%
R2 6,290.00 21.90%
R1 5,590.00 8.33%
Price 5,160.00
S1 5,140.00 -0.388%
S2 5,090.00 -1.36%
S3 4,980.00 -3.49%

5464 Dividend Payout History


# Declaration Date 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 Jun 27, 2024 JP¥150.00 2.91%
3 Sep 28, 2023 Sep 28, 2023 Dec 01, 2023 JP¥80.00 1.88%
4 Mar 30, 2023 Mar 30, 2023 Mar 30, 2023 JP¥140.00 4.14%
5 Sep 29, 2022 Sep 29, 2022 Sep 29, 2022 JP¥40.00 1.52%

FAQ

What is the symbol for MORY INDUSTRIES INC. Stock and on which exchange is it traded?
The symbol for MORY INDUSTRIES INC. is 5464.T and it is traded on the TYO (Tokyo Stock Exchange).

Should I buy or sell MORY INDUSTRIES INC. Stock?
MORY INDUSTRIES INC. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy MORY INDUSTRIES INC. Stock?
MORY INDUSTRIES INC. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy MORY INDUSTRIES INC. Stock.

What's the current price of MORY INDUSTRIES INC. Stock?
As of the end of day on the Jun 14, 2024, the price of an MORY INDUSTRIES INC. (5464.T) share was JP¥5,160.00.

What is the 52-week high and low for MORY INDUSTRIES INC. Stock?
The 52-week high for MORY INDUSTRIES INC. Stock is JP¥6,980.00 and the 52-week low is JP¥3,270.00.

What is the market capitalization of MORY INDUSTRIES INC. Stock?
As of the Jun 14, 2024, the market capitalization of MORY INDUSTRIES INC. is 40.059B.

When is the next earnings date for MORY INDUSTRIES INC.?
The upcoming earnings date for MORY INDUSTRIES INC. is Jul 29, 2024.
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About MORY INDUSTRIES INC.

Mory Industries Inc. manufactures and sells stainless steel and welded carbon steel products in Japan. It offers round stainless steel pipes and tubes; square and modified stainless steel tubes; stainless-steel-clad tubes; stainless steel joint parts, etc.; stainless steel flat bars, angle bars, and round bars; flexible stainless steel tubes; stainless steel household products; and various products from stainless steel tubes. The company also pro... 5464.T Profile

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