UCHIYAMA HOLDINGS Co.,Ltd. Stock Forecast
UCHIYAMA HOLDINGS Co.,Ltd. stock upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on May 09, 2024)
The UCHIYAMA HOLDINGS Co.,Ltd. stock price gained 0.86% on the last trading day (Thursday, 9th May 2024), rising from JP¥348.00 to JP¥351.00. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.86% from a day low at JP¥348.00 to a day high of JP¥351.00. The price has risen in 6 of the last 10 days and is up by 0.86% over the past 2 weeks. Volume fell on the last day by -18 thousand shares and in total, 12 thousand shares were bought and sold for approximately JP¥4.25 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.34% during the next 3 months and, with a 90% probability hold a price between JP¥290.72 and JP¥342.94 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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6059.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 3.85%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The UCHIYAMA HOLDINGS Co.,Ltd. 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¥359.43. On a fall, the stock will find some support from the short-term average at JP¥344.00. 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 UCHIYAMA HOLDINGS Co.,Ltd. stock
UCHIYAMA HOLDINGS Co.,Ltd. finds support from accumulated volume at JP¥350.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥3.00 (0.86%) between high and low. For the last week, the stock has had daily average volatility of 1.46%.
Our recommended stop-loss: JP¥335.19 (-4.50%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (6059.T) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect UCHIYAMA HOLDINGS Co.,Ltd. to open at JP¥350.00, and during the day (based on 14 day Average True Range), to move between JP¥344.78 and JP¥357.22, which gives a possible trading interval of +/-JP¥6.22 (+/-1.77%) up or down from last closing price. If UCHIYAMA HOLDINGS Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 3.55% 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¥350.00 (0.28%) than the resistance at JP¥372.00 (5.98%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
UCHIYAMA HOLDINGS Co.,Ltd. will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for UCHIYAMA HOLDINGS Co.,Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.16% in the first trading day after earnings release.
Is UCHIYAMA HOLDINGS Co.,Ltd. stock A Buy?
UCHIYAMA HOLDINGS 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: -0.868 Hold/Accumulate Upgraded
Predicted Opening Price for UCHIYAMA HOLDINGS Co.,Ltd. of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| JP¥350.00 ( 0.285%) | JP¥351.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6059.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 353.00 | 0.570 % | |
| R2 | 351.85 | 0.243 % | ||
| R1 | 351.15 | 0.0416 % | ||
| Current price: | 351.00 | |||
| Support | S1 | 348.85 | -0.611 % | |
| S2 | 348.15 | -0.81 % | ||
| S3 | 347.00 | -1.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 401.00 | 14.25 % | |
| R2 | 381.00 | 8.55 % | ||
| R1 | 372.00 | 5.98 % | ||
| Current price | 351.00 | |||
| Support | S1 | 350.00 | -0.285% | |
| S2 | 345.00 | -1.71% | ||
| S3 | 338.00 | -3.70% |
6059 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥5.00 | 1.85% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥10.00 | 2.99% |
| 4 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥5.00 | 1.28% |
| 5 | Sep 29, 2020 | Sep 29, 2020 | Sep 29, 2020 | JP¥5.00 | 1.56% |
FAQ
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