ESTIC CORPORATION Stock Forecast
Red day on Friday for ESTIC CORPORATION
(Updated on Apr 26, 2024)
The ESTIC CORPORATION stock price fell by -0.426% on the last day (Friday, 26th Apr 2024) from JP¥940.00 to JP¥936.00. During the last trading day the stock fluctuated 1.41% from a day low at JP¥925.00 to a day high of JP¥938.00. The price has been going up and down for this period, and there has been a 0% change for the last 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, 3 thousand shares were bought and sold for approximately JP¥3.09 million.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect ESTIC CORPORATION stock with a 90% probability to be traded between JP¥917.89 and JP¥958.99 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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6161.T Signals & Forecast
The ESTIC CORPORATION stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥929.43 and JP¥932.20. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 1.85%. 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. 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. The stock had a Golden Star Signal on Tuesday, April 23, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, April 24, 2024.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Tuesday, April 23, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, April 24, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, April 23, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, April 24, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A buy signal from a double bottom formation was found on Monday, March 18, 2024 and based on theory for this formation the price should go up by 6.04% to JP¥992.52 within 29 trading days since signal was issued (Tuesday, April 30, 2024).
Support, Risk & Stop-loss for ESTIC CORPORATION stock
ESTIC CORPORATION finds support from accumulated volume at JP¥928.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved JP¥13.00 between high and low, or 1.41%. For the last week the stock has had daily average volatility of 0.86%.
Our recommended stop-loss: JP¥882.42 (-5.72%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (6161.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect ESTIC CORPORATION to open at JP¥933.00, and during the day (based on 14 day Average True Range), to move between JP¥926.30 and JP¥945.70, which gives a possible trading interval of +/-JP¥9.70 (+/-1.04%) up or down from last closing price. If ESTIC CORPORATION takes out the full calculated possible swing range there will be an estimated 2.07% 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¥939.00 (0.32%) than the support at JP¥928.00 (0.85%), 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 ESTIC CORPORATION stock A Buy?
ESTIC CORPORATION 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.
Current score: -0.867 Hold/Accumulate Unchanged
Predicted Opening Price for ESTIC CORPORATION of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥933.00 ( 0.321%) | JP¥936.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6161.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 946.00 | 1.07 % | |
| R2 | 941.03 | 0.538 % | ||
| R1 | 937.97 | 0.210 % | ||
| Current price: | 936.00 | |||
| Support | S1 | 928.03 | -0.85 % | |
| S2 | 924.97 | -1.18 % | ||
| S3 | 920.00 | -1.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 977.00 | 4.38 % | |
| R2 | 940.00 | 0.427 % | ||
| R1 | 939.00 | 0.321 % | ||
| Current price | 936.00 | |||
| Support | S1 | 928.00 | -0.85% | |
| S2 | 922.00 | -1.50% | ||
| S3 | 919.00 | -1.82% |
6161 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 17, 2023 | Mar 17, 2023 | Mar 17, 2023 | JP¥23.00 | 2.74% |
| 2 | Mar 17, 2022 | Mar 17, 2022 | Mar 17, 2022 | JP¥17.00 | 1.56% |
| 3 | Mar 18, 2021 | Mar 18, 2021 | Mar 18, 2021 | JP¥14.25 | 1.16% |
| 4 | Mar 18, 2020 | Mar 18, 2020 | Mar 18, 2020 | JP¥24.25 | 3.02% |
| 5 | Mar 18, 2019 | Mar 18, 2019 | Mar 18, 2019 | JP¥21.50 | 1.24% |
FAQ
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