Fuji Die Co.,Ltd. Stock Forecast
Fuji Die Co.,Ltd. stock price up 3.20% on Friday
(Updated on May 17, 2024)
The Fuji Die Co.,Ltd. stock price gained 3.20% on the last trading day (Friday, 17th May 2024), rising from JP¥719.00 to JP¥742.00. During the last trading day the stock fluctuated 4.46% from a day low at JP¥717.00 to a day high of JP¥749.00. The price has been going up and down for this period, and there has been a 9.44% gain for the last 2 weeks. Volume fell on the last day by -410 thousand shares and in total, 292 thousand shares were bought and sold for approximately JP¥216.44 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 has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. JP¥700.09 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach JP¥744.35 sometime during the next 3 months.
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6167.T Signals & Forecast
The Fuji Die Co.,Ltd. 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¥693.43 and JP¥679.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 12.08%. 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. The stock had a Golden Star Signal on Thursday, May 09, 2024 in the short-term chart.
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 Thursday, May 09, 2024 in the short-term chart.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 Friday, April 19, 2024 with a target of JP¥694.67. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Fuji Die Co.,Ltd. stock
Fuji Die Co.,Ltd. finds support from accumulated volume at JP¥719.00 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¥32.00 between high and low, or 4.46%. For the last week the stock has had daily average volatility of 2.69%.
Our recommended stop-loss: JP¥710.28 (-4.27%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (6167.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Fuji Die Co.,Ltd. to open at JP¥736.00, and during the day (based on 14 day Average True Range), to move between JP¥725.29 and JP¥758.71, which gives a possible trading interval of +/-JP¥16.71 (+/-2.25%) up or down from last closing price. If Fuji Die Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 4.50% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥719.00, some JP¥23.00 (3.10%) from the current price of JP¥742.00, our system finds the risk reward attractive.
Is Fuji Die Co.,Ltd. stock A Buy?
Fuji Die 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Fuji Die Co.,Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥736.00 ( 0.81%) | JP¥742.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6167.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 768.00 | 3.50 % | |
| R2 | 755.78 | 1.86 % | ||
| R1 | 748.22 | 0.84 % | ||
| Current price: | 742.00 | |||
| Support | S1 | 723.78 | -2.46 % | |
| S2 | 716.22 | -3.47 % | ||
| S3 | 704.00 | -5.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 742.00 | |||
| Support | S1 | 719.00 | -3.10% | |
| S2 | 699.00 | -5.80% | ||
| S3 | 671.00 | -9.57% |
6167 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥32.00 | 3.61% |
| 2 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥22.00 | 3.27% |
| 3 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥22.00 | 3.13% |
| 4 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥24.00 | 3.94% |
| 5 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥24.00 | 3.62% |
FAQ
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