MIURA CO.,LTD. Stock Forecast
MIURA CO.,LTD. stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 17, 2024)
The MIURA CO.,LTD. stock price fell by -0.693% on the last day (Friday, 17th May 2024) from JP¥2,958.00 to JP¥2,937.50. During the last trading day the stock fluctuated 3.76% from a day low at JP¥2,842.00 to a day high of JP¥2,949.00. The price has risen in 7 of the last 10 days and is up by 17.88% over the past 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 -478 thousand shares and in total, 686 thousand shares were bought and sold for approximately JP¥2.02 billion.
The stock lies the upper part of a very wide and falling 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¥3,018.23 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -15.50% during the next 3 months and, with a 90% probability hold a price between JP¥1,915.18 and JP¥2,550.42 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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6005.T Signals & Forecast
The MIURA 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¥2,760.71 and JP¥2,698.84. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -3.28%. Further fall is indicated until a new bottom pivot has been found. 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 MIURA CO.,LTD. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥2,580.50 and JP¥2,526.50. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, MIURA CO.,LTD. finds support just below today's level at JP¥2,580.50. If this is broken, then the next support from accumulated volume will be at JP¥2,526.50 and JP¥2,434.50.
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¥107.00 between high and low, or 3.76%. For the last week, the stock has had daily average volatility of 4.14%.
The MIURA CO.,LTD. stock is overbought on RSI14 and the RSI has been falling for the last couple of days. This together with the fact that the stock is in the upper part of the trend poses a possible good selling opportunity for the short-term trader. However, one should note that some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: JP¥2,802.98 (-4.58%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 80 and this increases the risk substantially. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (6005.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect MIURA CO.,LTD. to open at JP¥2,909.50, and during the day (based on 14 day Average True Range), to move between JP¥2,833.63 and JP¥3,041.37, which gives a possible trading interval of +/-JP¥103.87 (+/-3.54%) up or down from last closing price. If MIURA CO.,LTD. takes out the full calculated possible swing range there will be an estimated 7.07% 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¥2,958.00 (0.70%) than the support at JP¥2,580.50 (12.15%), 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.
Is MIURA CO.,LTD. stock A Buy?
MIURA CO.,LTD. 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: -0.692 Hold/Accumulate Upgraded
Predicted Opening Price for MIURA CO.,LTD. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥2,909.50 ( 0.95%) | JP¥2,937.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6005.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,016.50 | 2.69 % | |
| R2 | 2,975.63 | 1.30 % | ||
| R1 | 2,950.37 | 0.438 % | ||
| Current price: | 2,937.50 | |||
| Support | S1 | 2,868.63 | -2.34 % | |
| S2 | 2,843.37 | -3.20 % | ||
| S3 | 2,802.50 | -4.60 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,170.00 | 7.91 % | |
| R2 | 3,037.00 | 3.39 % | ||
| R1 | 2,958.00 | 0.698 % | ||
| Current price | 2,937.50 | |||
| Support | S1 | 2,580.50 | -12.15% | |
| S2 | 2,526.50 | -13.99% | ||
| S3 | 2,434.50 | -17.12% |
6005 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¥26.00 | 0.780% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥19.00 | 0.648% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥22.00 | 0.717% |
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