JAPAN POST HOLDINGS Co.,Ltd. Stock Forecast
Evaluation of JAPAN POST HOLDINGS Co.,Ltd. stock downgraded after the last trading session.
(Updated on Jun 17, 2024)
The JAPAN POST HOLDINGS Co.,Ltd. stock price fell by -1.47% on the last day (Monday, 17th Jun 2024) from JP¥1,497.00 to JP¥1,475.00. During the last trading day the stock fluctuated 1.76% from a day low at JP¥1,475.00 to a day high of JP¥1,501.00. The price has fallen in 6 of the last 10 days and is down by -4.03% for this period. 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 -5 million shares and in total, 7 million shares were bought and sold for approximately JP¥10.09 billion.
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 -2.04% during the next 3 months and, with a 90% probability hold a price between JP¥1,360.76 and JP¥1,500.53 at the end of this 3-month period.
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6178.T Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The JAPAN POST HOLDINGS Co.,Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥1,490.21 and JP¥1,488.21. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -4.03%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for JAPAN POST HOLDINGS Co.,Ltd. stock
JAPAN POST HOLDINGS Co.,Ltd. finds support from accumulated volume at JP¥1,454.50 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¥26.00 between high and low, or 1.76%. For the last week the stock has had daily average volatility of 1.66%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6178.T) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect JAPAN POST HOLDINGS Co.,Ltd. to open at JP¥1,483.67, and during the day (based on 14 day Average True Range), to move between JP¥1,447.46 and JP¥1,502.54, which gives a possible trading interval of +/-JP¥27.54 (+/-1.87%) up or down from last closing price. If JAPAN POST HOLDINGS Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 3.73% 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¥1,477.00 (0.14%) than the support at JP¥1,454.50 (1.39%), 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 JAPAN POST HOLDINGS Co.,Ltd. stock A Buy?
JAPAN POST HOLDINGS Co.,Ltd. holds several negative signals and is within a wide and falling trend, so we believe 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 Buy to a Sell candidate.
Current score: -2.703 Sell Candidate Downgraded
Predicted Opening Price for JAPAN POST HOLDINGS Co.,Ltd. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| JP¥1,483.67 ( 0.588%) | JP¥1,475.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6178.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,509.67 | 2.35% |
| R2 | 1,499.73 | 1.68% |
| R1 | 1,493.60 | 1.26% |
| Price | 1,475.00 | |
| S1 | 1,473.73 | -0.0858% |
| S2 | 1,467.60 | -0.502% |
| S3 | 1,457.67 | -1.18% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,515.00 | 2.71% |
| R2 | 1,480.50 | 0.373% |
| R1 | 1,477.00 | 0.136% |
| Price | 1,475.00 | |
| S1 | 1,454.50 | -1.39% |
| S2 | 1,452.50 | -1.53% |
| S3 | 1,450.50 | -1.66% |
6178 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 20, 2024 | JP¥25.00 | 1.69% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Dec 05, 2023 | JP¥25.00 | 1.96% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥50.00 | 4.69% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥50.00 | 5.46% |
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