CHOFU SEISAKUSHO CO.,LTD. Stock Forecast
CHOFU SEISAKUSHO CO.,LTD. stock price up 0.394% on Thursday
(Updated on May 02, 2024)
The CHOFU SEISAKUSHO CO.,LTD. stock price gained 0.394% on the last trading day (Thursday, 2nd May 2024), rising from JP¥2,283.00 to JP¥2,292.00. During the last trading day the stock fluctuated 2.17% from a day low at JP¥2,257.00 to a day high of JP¥2,306.00. The price has risen in 7 of the last 10 days and is up by 5.38% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 thousand more shares were traded than the day before. In total, 19 thousand shares were bought and sold for approximately JP¥43.55 million.
The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at JP¥2,308.84 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 8.40% during the next 3 months and, with a 90% probability hold a price between JP¥2,376.83 and JP¥2,502.71 at the end of this 3-month period.
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5946.T Signals & Forecast
Mostly positive signals in the chart today. The CHOFU SEISAKUSHO CO.,LTD. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥2,243.29 and JP¥2,201.31. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, February 09, 2024, and so far it has risen 13.13%. 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. The stock had a Golden Star Signal on Thursday, February 15, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, February 15, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for CHOFU SEISAKUSHO CO.,LTD. stock
CHOFU SEISAKUSHO CO.,LTD. finds support from accumulated volume at JP¥2,204.00 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¥49.00 between high and low, or 2.17%. For the last week the stock has had daily average volatility of 2.02%.
Our recommended stop-loss: JP¥2,206.28 (-3.74%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 55 days ago.)
Trading Expectations (5946.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect CHOFU SEISAKUSHO CO.,LTD. to open at JP¥2,285.00, and during the day (based on 14 day Average True Range), to move between JP¥2,252.76 and JP¥2,331.24, which gives a possible trading interval of +/-JP¥39.24 (+/-1.71%) up or down from last closing price. If CHOFU SEISAKUSHO CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.42% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥2,204.00, some JP¥88.00 (3.84%) from the current price of JP¥2,292.00, our system finds the risk reward attractive.
Earnings coming up
CHOFU SEISAKUSHO CO.,LTD. will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for CHOFU SEISAKUSHO CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.73% in the first trading day after earnings release.
Is CHOFU SEISAKUSHO CO.,LTD. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for CHOFU SEISAKUSHO CO.,LTD. stock to perform well in the short-term.
Current score: 4.802 Buy Candidate Unchanged
Predicted Opening Price for CHOFU SEISAKUSHO CO.,LTD. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥2,285.00 ( 0.305%) | JP¥2,292.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 5946.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,334.00 | 1.83 % | |
| R2 | 2,315.28 | 1.02 % | ||
| R1 | 2,303.72 | 0.511 % | ||
| Current price: | 2,292.00 | |||
| Support | S1 | 2,266.28 | -1.12 % | |
| S2 | 2,254.72 | -1.63 % | ||
| S3 | 2,236.00 | -2.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 2,292.00 | |||
| Support | S1 | 2,204.00 | -3.84% | |
| S2 | 2,095.00 | -8.60% | ||
| S3 | 2,026.00 | -11.61% |
5946 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jun 27, 2024 | JP¥0 | 0% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥20.00 | 0.80% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥20.00 | 1.04% |
| 4 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥18.00 | 1.01% |
| 5 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥18.00 | 0.87% |
FAQ
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