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AI Analysis of 6272.T
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RHEON AUTOMATIC MACHINERY CO.,LTD. stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Jun 14, 2024)

Buy or Hold candidate since Jun 10, 2024 Gain 0.64% PDF

The RHEON AUTOMATIC MACHINERY CO.,LTD. stock price gained 3.69% on the last trading day (Friday, 14th Jun 2024), rising from JP¥1,517.00 to JP¥1,573.00. During the last trading day the stock fluctuated 4.30% from a day low at JP¥1,511.00 to a day high of JP¥1,576.00. The price has fallen in 7 of the last 10 days and is down by -0.13% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 10 thousand more shares were traded than the day before. In total, 58 thousand shares were bought and sold for approximately JP¥90.76 million.

The stock lies in the middle of a wide and weak 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 2.35% during the next 3 months and, with a 90% probability hold a price between JP¥1,538.44 and JP¥1,707.35 at the end of this 3-month period.

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6272.T Signals & Forecast

The RHEON AUTOMATIC MACHINERY CO.,LTD. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥1,537.57 and JP¥1,542.66. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 07, 2024, and so far it has risen 4.87%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for RHEON AUTOMATIC MACHINERY CO.,LTD. stock

RHEON AUTOMATIC MACHINERY CO.,LTD. finds support from accumulated volume at JP¥1,531.00 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¥65.00 between high and low, or 4.30%. For the last week the stock has had daily average volatility of 2.39%.

Our recommended stop-loss: JP¥1,479.21 (-5.96%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 21 days ago.)

Trading Expectations (6272.T) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect RHEON AUTOMATIC MACHINERY CO.,LTD. to open at JP¥1,553.33, and during the day (based on 14 day Average True Range), to move between JP¥1,535.46 and JP¥1,610.54, which gives a possible trading interval of +/-JP¥37.54 (+/-2.39%) up or down from last closing price. If RHEON AUTOMATIC MACHINERY CO.,LTD. takes out the full calculated possible swing range there will be an estimated 4.77% 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¥1,578.00 (0.32%) than the support at JP¥1,531.00 (2.67%), 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 RHEON AUTOMATIC MACHINERY CO.,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 RHEON AUTOMATIC MACHINERY CO.,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: 2.542 Buy Candidate Upgraded

Predicted Opening Price for RHEON AUTOMATIC MACHINERY CO.,LTD. of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
JP¥1,553.33 ( 1.25%) JP¥1,573.00

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 6272.T

Fibonacci Support & Resistance Levels

Level Price
R3 1,618.33 2.88%
R2 1,593.50 1.30%
R1 1,578.16 0.328%
Price 1,573.00
S1 1,528.50 -2.83%
S2 1,513.16 -3.80%
S3 1,488.33 -5.38%

Accumulated Volume Support & Resistance Levels

Level Price
R3 1,655.00 5.21%
R2 1,617.00 2.80%
R1 1,578.00 0.318%
Price 1,573.00
S1 1,531.00 -2.67%
S2 1,524.00 -3.12%
S3 1,501.00 -4.58%

6272 Dividend Payout History


# Declaration Date 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 27, 2024 JP¥20.00 1.27%
3 Sep 28, 2023 Sep 28, 2023 Dec 11, 2023 JP¥20.00 1.33%
4 Mar 30, 2023 Mar 30, 2023 Mar 30, 2023 JP¥12.00 0.90%
5 Sep 29, 2022 Sep 29, 2022 Sep 29, 2022 JP¥12.00 1.01%

FAQ

What is the symbol for RHEON AUTOMATIC MACHINERY CO.,LTD. Stock and on which exchange is it traded?
The symbol for RHEON AUTOMATIC MACHINERY CO.,LTD. is 6272.T and it is traded on the TYO (Tokyo Stock Exchange).

Should I buy or sell RHEON AUTOMATIC MACHINERY CO.,LTD. Stock?
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 RHEON AUTOMATIC MACHINERY CO.,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.

How to buy RHEON AUTOMATIC MACHINERY CO.,LTD. Stock?
RHEON AUTOMATIC MACHINERY CO.,LTD. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy RHEON AUTOMATIC MACHINERY CO.,LTD. Stock.

What's the current price of RHEON AUTOMATIC MACHINERY CO.,LTD. Stock?
As of the end of day on the Jun 14, 2024, the price of an RHEON AUTOMATIC MACHINERY CO.,LTD. (6272.T) share was JP¥1,573.00.

What is the 52-week high and low for RHEON AUTOMATIC MACHINERY CO.,LTD. Stock?
The 52-week high for RHEON AUTOMATIC MACHINERY CO.,LTD. Stock is JP¥1,663.00 and the 52-week low is JP¥1,245.00.

What is the market capitalization of RHEON AUTOMATIC MACHINERY CO.,LTD. Stock?
As of the Jun 14, 2024, the market capitalization of RHEON AUTOMATIC MACHINERY CO.,LTD. is 42.233B.

When is the next earnings date for RHEON AUTOMATIC MACHINERY CO.,LTD.?
The upcoming earnings date for RHEON AUTOMATIC MACHINERY CO.,LTD. is Aug 06, 2024.
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About RHEON AUTOMATIC MACHINERY CO.,LTD.

RHEON AUTOMATIC MACHINERY Rheon Automatic Machinery Co., Ltd. engages in developing, manufacturing, and supplying a range of food processing machines and factory systems. It provides encrusting machines for producing confectioneries, breads, and prepared products; and bread production line equipment for producing croissants, Danish and puff pastries, breads, loaf breads, and pizzas. The company also exports its products to approximately 125 countries. Rheon Automatic Mach... 6272.T Profile

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