DMG MORI CO.,LTD. Stock Forecast
Weaker technical forecast for DMG MORI CO.,LTD. as stock downgraded to Sell Candidate.
(Updated on Jun 26, 2024)
The DMG MORI CO.,LTD. stock price fell by -0.627% on the last day (Wednesday, 26th Jun 2024) from JP¥4,306.00 to JP¥4,279.00. During the last trading day the stock fluctuated 2.42% from a day low at JP¥4,217.00 to a day high of JP¥4,319.00. The price has fallen in 6 of the last 10 days and is down by -1.77% for this period. Volume has increased on the last day by 257 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately JP¥4.67 billion.
The stock lies in the lower part of a 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¥4,175.61 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 6.54% during the next 3 months and, with a 90% probability hold a price between JP¥4,448.85 and JP¥5,272.29 at the end of this 3-month period.
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6141.T Signals & Forecast
There are mixed signals in the stock today. The DMG MORI 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¥4,412.57. On a fall, the stock will find some support from the short-term average at JP¥4,224.57. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 2.96%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for DMG MORI CO.,LTD. stock
DMG MORI CO.,LTD. finds support from accumulated volume at JP¥4,238.00 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¥102.00 between high and low, or 2.42%. For the last week, the stock has had daily average volatility of 2.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6141.T) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect DMG MORI CO.,LTD. to open at JP¥4,271.67, and during the day (based on 14 day Average True Range), to move between JP¥4,161.54 and JP¥4,396.46, which gives a possible trading interval of +/-JP¥117.46 (+/-2.75%) up or down from last closing price. If DMG MORI CO.,LTD. takes out the full calculated possible swing range there will be an estimated 5.49% 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¥4,238.00 (0.96%) than the resistance at JP¥4,425.00 (3.41%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is DMG MORI CO.,LTD. stock A Buy?
DMG MORI CO.,LTD. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.348 Sell Candidate Downgraded
Predicted Opening Price for DMG MORI CO.,LTD. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| JP¥4,271.67 ( 0.171%) | JP¥4,279.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6141.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,373.67 | 2.21% |
| R2 | 4,334.70 | 1.30% |
| R1 | 4,310.63 | 0.739% |
| Price | 4,279.00 | |
| S1 | 4,232.70 | -1.08% |
| S2 | 4,208.63 | -1.64% |
| S3 | 4,169.67 | -2.56% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,615.00 | 7.85% |
| R2 | 4,463.00 | 4.30% |
| R1 | 4,425.00 | 3.41% |
| Price | 4,279.00 | |
| S1 | 4,238.00 | -0.96% |
| S2 | 4,181.00 | -2.29% |
| S3 | 4,167.00 | -2.62% |
6141 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Sep 01, 2024 | JP¥50.00 | 1.17% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Mar 29, 2024 | JP¥50.00 | 1.23% |
| 3 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥40.00 | 1.61% |
| 4 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥40.00 | 2.28% |
| 5 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥30.00 | 1.70% |
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