ENSHU Limited Stock Forecast
ENSHU Limited stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on May 10, 2024)
The ENSHU Limited stock price fell by -1.00% on the last day (Friday, 10th May 2024) from JP¥699.00 to JP¥692.00. During the last trading day the stock fluctuated 1.16% from a day low at JP¥692.00 to a day high of JP¥700.00. The price has been going up and down for this period, and there has been a -1.28% loss 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 -3 thousand shares and in total, 4 thousand shares were bought and sold for approximately JP¥2.91 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 ENSHU Limited stock with a 90% probability to be traded between JP¥680.45 and JP¥710.46 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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6218.T Signals & Forecast
The ENSHU Limited 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¥686.86 and JP¥686.20. 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). 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 Thursday, May 09, 2024, and so far it has fallen -1.00%. 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. The stock had a Golden Star Signal on Thursday, March 14, 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, March 14, 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 sell signal from a double top formation was found on Thursday, May 09, 2024 and based on theory for this formation the price should fall by -3.71% to JP¥666.33 within 9 trading days since signal was issued (Monday, May 13, 2024).
Support, Risk & Stop-loss for ENSHU Limited stock
ENSHU Limited finds support from accumulated volume at JP¥687.00 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¥8.00 between high and low, or 1.16%. For the last week the stock has had daily average volatility of 1.64%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6218.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect ENSHU Limited to open at JP¥694.67, and during the day (based on 14 day Average True Range), to move between JP¥679.64 and JP¥704.36, which gives a possible trading interval of +/-JP¥12.36 (+/-1.79%) up or down from last closing price. If ENSHU Limited takes out the full calculated possible swing range there will be an estimated 3.57% 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¥694.00 (0.29%) than the support at JP¥687.00 (0.72%), 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.
Earnings coming up
ENSHU Limited will release earnings BMO on Tuesday, May 14, 2024. We will update the financials statements for ENSHU Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.88% in the first trading day after earnings release.
Is ENSHU Limited stock A Buy?
ENSHU Limited 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: -1.954 Sell Candidate Downgraded
Predicted Opening Price for ENSHU Limited of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥694.67 ( 0.385%) | JP¥692.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6218.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 702.67 | 1.54 % | |
| R2 | 699.61 | 1.10 % | ||
| R1 | 697.72 | 0.83 % | ||
| Current price: | 692.00 | |||
| Support | S1 | 691.61 | -0.0563 % | |
| S2 | 689.72 | -0.329 % | ||
| S3 | 686.67 | -0.771 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 701.00 | 1.30 % | |
| R2 | 698.00 | 0.87 % | ||
| R1 | 694.00 | 0.289 % | ||
| Current price | 692.00 | |||
| Support | S1 | 687.00 | -0.723% | |
| S2 | 686.00 | -0.87% | ||
| S3 | 673.00 | -2.75% |
6218 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥13.00 | 1.94% |
| 2 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥13.00 | 1.82% |
| 3 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥10.00 | 1.03% |
| 4 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥10.00 | 1.07% |
| 5 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥10.00 | 0.82% |
FAQ
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