IBJ,Inc. Stock Forecast
Weaker technical forecast for IBJ,Inc. as stock downgraded to Hold/Accumulate.
(Updated on May 17, 2024)
The IBJ,Inc. stock price gained 1.19% on the last trading day (Friday, 17th May 2024), rising from JP¥589.00 to JP¥596.00. During the last trading day the stock fluctuated 3.08% from a day low at JP¥585.00 to a day high of JP¥603.00. The price has been going up and down for this period, and there has been a 6.43% gain for the last 2 weeks. Volume fell on the last day by -7 thousand shares and in total, 114 thousand shares were bought and sold for approximately JP¥68.00 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 the upper part of a 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¥605.58 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 -4.41% during the next 3 months and, with a 90% probability hold a price between JP¥487.44 and JP¥578.85 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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6071.T Signals & Forecast
The IBJ,Inc. 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¥583.86 and JP¥549.97. 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). 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. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -1.81%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for IBJ,Inc. stock
IBJ,Inc. finds support from accumulated volume at JP¥593.00 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¥18.00 between high and low, or 3.08%. For the last week, the stock has had daily average volatility of 4.43%.
Our recommended stop-loss: JP¥573.85 (-3.72%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (6071.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect IBJ,Inc. to open at JP¥594.67, and during the day (based on 14 day Average True Range), to move between JP¥576.81 and JP¥615.19, which gives a possible trading interval of +/-JP¥19.19 (+/-3.22%) up or down from last closing price. If IBJ,Inc. takes out the full calculated possible swing range there will be an estimated 6.44% 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¥593.00 (0.50%) than the resistance at JP¥603.00 (1.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is IBJ,Inc. stock A Buy?
IBJ,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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.539 Hold/Accumulate Downgraded
Predicted Opening Price for IBJ,Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥594.67 ( 0.224%) | JP¥596.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6071.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 612.67 | 2.80 % | |
| R2 | 605.79 | 1.64 % | ||
| R1 | 601.54 | 0.93 % | ||
| Current price: | 596.00 | |||
| Support | S1 | 587.79 | -1.38 % | |
| S2 | 583.54 | -2.09 % | ||
| S3 | 576.67 | -3.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 612.00 | 2.68 % | |
| R2 | 609.00 | 2.18 % | ||
| R1 | 603.00 | 1.17 % | ||
| Current price | 596.00 | |||
| Support | S1 | 593.00 | -0.503% | |
| S2 | 575.00 | -3.52% | ||
| S3 | 559.00 | -6.21% |
6071 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥6.00 | 0.647% |
| 2 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥6.00 | 0.659% |
| 3 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | JP¥6.00 | 0.779% |
| 4 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | JP¥9.00 | 0.732% |
| 5 | Dec 26, 2018 | Dec 26, 2018 | Dec 26, 2018 | JP¥9.00 | 1.37% |
FAQ
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