SHIMA SEIKI MFG.,LTD. Stock Forecast
SHIMA SEIKI MFG.,LTD. stock upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)
The SHIMA SEIKI MFG.,LTD. stock price gained 3.14% on the last trading day (Tuesday, 25th Jun 2024), rising from JP¥1,624.00 to JP¥1,675.00. During the last trading day the stock fluctuated 2.38% from a day low at JP¥1,636.00 to a day high of JP¥1,675.00. The price has risen in 7 of the last 10 days and is up by 6.82% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 37 thousand more shares were traded than the day before. In total, 183 thousand shares were bought and sold for approximately JP¥305.69 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 25.82% during the next 3 months and, with a 90% probability hold a price between JP¥1,876.94 and JP¥2,183.29 at the end of this 3-month period.
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6222.T Signals & Forecast
The SHIMA SEIKI MFG.,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¥1,667.00 and JP¥1,540.43. 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). Volume is rising along with the price. This is considered to be a good technical signal. 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 Friday, June 14, 2024, and so far it has fallen -1.18%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for SHIMA SEIKI MFG.,LTD. stock
SHIMA SEIKI MFG.,LTD. finds support from accumulated volume at JP¥1,646.00 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¥39.00 between high and low, or 2.38%. For the last week, the stock has had daily average volatility of 2.29%.
Our recommended stop-loss: JP¥1,605.55 (-4.15%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 44 days ago.)
Trading Expectations (6222.T) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect SHIMA SEIKI MFG.,LTD. to open at JP¥1,662.00, and during the day (based on 14 day Average True Range), to move between JP¥1,627.42 and JP¥1,722.58, which gives a possible trading interval of +/-JP¥47.58 (+/-2.84%) up or down from last closing price. If SHIMA SEIKI MFG.,LTD. takes out the full calculated possible swing range there will be an estimated 5.68% 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¥1,680.00 (0.30%) than the support at JP¥1,646.00 (1.73%), 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 SHIMA SEIKI MFG.,LTD. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for SHIMA SEIKI MFG.,LTD. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.064 Buy Candidate Upgraded
Predicted Opening Price for SHIMA SEIKI MFG.,LTD. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| JP¥1,662.00 ( 0.776%) | JP¥1,675.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6222.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,701.00 | 1.55% |
| R2 | 1,686.10 | 0.663% |
| R1 | 1,676.90 | 0.113% |
| Price | 1,675.00 | |
| S1 | 1,647.10 | -1.67% |
| S2 | 1,637.90 | -2.22% |
| S3 | 1,623.00 | -3.10% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,695.00 | 1.19% |
| R2 | 1,685.00 | 0.597% |
| R1 | 1,680.00 | 0.299% |
| Price | 1,675.00 | |
| S1 | 1,646.00 | -1.73% |
| S2 | 1,557.00 | -7.04% |
| S3 | 1,506.00 | -10.09% |
6222 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 | Jul 01, 2024 | JP¥5.00 | 0.299% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Dec 04, 2023 | JP¥5.00 | 0.334% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥5.00 | 0.262% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥5.00 | 0.240% |
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