FURYU CORPORATION Stock Forecast
Green day on Friday for FURYU CORPORATION stock after gaining 3.29%
(Updated on May 31, 2024)
The FURYU CORPORATION stock price gained 3.29% on the last trading day (Friday, 31st May 2024), rising from JP¥1,002.00 to JP¥1,035.00. During the last trading day the stock fluctuated 3.29% from a day low at JP¥1,004.00 to a day high of JP¥1,037.00. The price has fallen in 7 of the last 10 days and is down by -2.63% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 39 thousand more shares were traded than the day before. In total, 200 thousand shares were bought and sold for approximately JP¥206.59 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥992.06 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -12.72% during the next 3 months and, with a 90% probability hold a price between JP¥865.83 and JP¥1,067.31 at the end of this 3-month period.
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6238.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 3.71%. Further rise is indicated until a new top pivot has been found. 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. The FURYU CORPORATION stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥1,156.40. On a fall, the stock will find some support from the short-term average at JP¥1,012.00. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for FURYU CORPORATION stock
FURYU CORPORATION finds support from accumulated volume at JP¥1,017.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved JP¥33.00 between high and low, or 3.29%. For the last week, the stock has had daily average volatility of 2.59%.
FURYU CORPORATION is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6238.T) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect FURYU CORPORATION to open at JP¥1,025.33, and during the day (based on 14 day Average True Range), to move between JP¥1,001.63 and JP¥1,068.37, which gives a possible trading interval of +/-JP¥33.37 (+/-3.22%) up or down from last closing price. If FURYU CORPORATION takes out the full calculated possible swing range there will be an estimated 6.45% 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¥1,045.00 (0.97%) than the support at JP¥1,017.00 (1.74%), 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 FURYU CORPORATION stock A Buy?
FURYU CORPORATION 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.
Current score: -1.211 Sell Candidate Unchanged
Predicted Opening Price for FURYU CORPORATION of Monday, June 3, 2024
Fair opening price June 3, 2024 | Current price |
---|---|
JP¥1,025.33 ( 0.93%) | JP¥1,035.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6238.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1,058.33 | 2.25 % | |
R2 | 1,045.73 | 1.04 % | ||
R1 | 1,037.94 | 0.284 % | ||
Current price: | 1,035.00 | |||
Support | S1 | 1,012.73 | -2.15 % | |
S2 | 1,004.94 | -2.90 % | ||
S3 | 992.33 | -4.12 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1,261.00 | 21.84 % | |
R2 | 1,173.00 | 13.33 % | ||
R1 | 1,045.00 | 0.97 % | ||
Current price | 1,035.00 | |||
Support | S1 | 1,017.00 | -1.74% | |
S2 | 1,013.00 | -2.13% | ||
S3 | 998.00 | -3.57% |
6238 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 28, 2025 | Mar 28, 2025 | Mar 28, 2025 | JP¥0 | 0% |
2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥38.00 | 3.19% |
3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥15.00 | 1.35% |
4 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥35.00 | 3.19% |
5 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥5.00 | 0.617% |
FAQ
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