SANKI SERVICE CORPORATION Stock Forecast
Red day on Tuesday for SANKI SERVICE CORPORATION
(Updated on Apr 30, 2024)
The SANKI SERVICE CORPORATION stock price fell by -1.50% on the last day (Tuesday, 30th Apr 2024) from JP¥1,331.00 to JP¥1,311.00. During the last trading day the stock fluctuated 5.49% from a day low at JP¥1,293.00 to a day high of JP¥1,364.00. The price has risen in 6 of the last 10 days and is up by 4.8% 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 -2 thousand shares and in total, 41 thousand shares were bought and sold for approximately JP¥54.01 million.
The stock lies in the lower part of a very 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¥1,242.06 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 2.94% during the next 3 months and, with a 90% probability hold a price between JP¥1,278.62 and JP¥1,694.94 at the end of this 3-month period.
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6044.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 6.15%. 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 SANKI SERVICE CORPORATION 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¥1,334.14 and JP¥1,444.43. 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 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 SANKI SERVICE CORPORATION stock
SANKI SERVICE CORPORATION finds support from accumulated volume at JP¥1,276.00 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¥71.00 between high and low, or 5.49%. For the last week, the stock has had daily average volatility of 4.20%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6044.T) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect SANKI SERVICE CORPORATION to open at JP¥1,322.67, and during the day (based on 14 day Average True Range), to move between JP¥1,247.27 and JP¥1,374.73, which gives a possible trading interval of +/-JP¥63.73 (+/-4.86%) up or down from last closing price. If SANKI SERVICE CORPORATION takes out the full calculated possible swing range there will be an estimated 9.72% 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¥1,331.00 (1.53%) than the support at JP¥1,276.00 (2.67%), 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 SANKI SERVICE CORPORATION stock A Buy?
The SANKI SERVICE CORPORATION stock holds several negative signals and despite the positive trend, we believe SANKI SERVICE CORPORATION will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.310 Sell Candidate Unchanged
Predicted Opening Price for SANKI SERVICE CORPORATION of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| JP¥1,322.67 ( 0.89%) | JP¥1,311.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6044.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,393.67 | 6.31 % | |
| R2 | 1,366.54 | 4.24 % | ||
| R1 | 1,349.79 | 2.96 % | ||
| Current price: | 1,311.00 | |||
| Support | S1 | 1,295.54 | -1.18 % | |
| S2 | 1,278.79 | -2.46 % | ||
| S3 | 1,251.67 | -4.53 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,469.00 | 12.05 % | |
| R2 | 1,348.00 | 2.82 % | ||
| R1 | 1,331.00 | 1.53 % | ||
| Current price | 1,311.00 | |||
| Support | S1 | 1,276.00 | -2.67% | |
| S2 | 1,251.00 | -4.58% | ||
| S3 | 1,235.00 | -5.80% |
6044 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2023 | May 30, 2023 | May 30, 2023 | JP¥16.00 | 1.57% |
| 2 | May 30, 2022 | May 30, 2022 | May 30, 2022 | JP¥15.00 | 1.35% |
| 3 | May 28, 2021 | May 28, 2021 | May 28, 2021 | JP¥15.00 | 1.40% |
| 4 | May 28, 2020 | May 28, 2020 | May 28, 2020 | JP¥25.00 | 2.24% |
| 5 | May 29, 2019 | May 29, 2019 | May 29, 2019 | JP¥30.00 | 2.47% |
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