SMC CORPORATION Stock Forecast
SMC CORPORATION stock price down 0.693% on Friday
(Updated on Jun 14, 2024)
The SMC CORPORATION stock price fell by -0.693% on the last day (Friday, 14th Jun 2024) from JP¥79,340.00 to JP¥78,790.00. During the last trading day the stock fluctuated 2.01% from a day low at JP¥78,200.00 to a day high of JP¥79,770.00. The price has been going up and down for this period, and there has been a -0.03% loss for the last 2 weeks. Volume has increased on the last day by 90 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 288 thousand shares were bought and sold for approximately JP¥22.72 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 -9.76% during the next 3 months and, with a 90% probability hold a price between JP¥64,413.04 and JP¥73,243.05 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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6273.T Signals & Forecast
There are mixed signals in the stock today. The SMC 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¥80,863.43. On a fall, the stock will find some support from the short-term average at JP¥78,128.57. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 2.75%. Further rise is indicated until a new top pivot has been found.
A buy signal from a double bottom formation was found on Thursday, June 06, 2024 and based on theory for this formation the price should go up by 9.89% to JP¥86,582.58 within 31 trading days since signal was issued (Monday, June 17, 2024).
Support, Risk & Stop-loss for SMC CORPORATION stock
SMC CORPORATION finds support from accumulated volume at JP¥77,800.00 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¥1,570.00 between high and low, or 2.01%. For the last week, the stock has had daily average volatility of 1.63%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6273.T) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect SMC CORPORATION to open at JP¥78,920.00, and during the day (based on 14 day Average True Range), to move between JP¥77,048.13 and JP¥80,531.87, which gives a possible trading interval of +/-JP¥1,741.87 (+/-2.21%) up or down from last closing price. If SMC CORPORATION takes out the full calculated possible swing range there will be an estimated 4.42% 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¥78,810.00 (0.03%) than the support at JP¥77,800.00 (1.26%), 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 SMC CORPORATION stock A Buy?
SMC 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: -3.318 Sell Candidate Unchanged
Predicted Opening Price for SMC CORPORATION of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| JP¥78,920.00 ( 0.165%) | JP¥78,790.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6273.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 80,490.00 | 2.16% |
| R2 | 79,890.26 | 1.40% |
| R1 | 79,519.74 | 0.93% |
| Price | 78,790.00 | |
| S1 | 78,320.26 | -0.596% |
| S2 | 77,949.74 | -1.07% |
| S3 | 77,350.00 | -1.83% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 87,000.00 | 10.42% |
| R2 | 79,590.00 | 1.02% |
| R1 | 78,810.00 | 0.0254% |
| Price | 78,790.00 | |
| S1 | 77,800.00 | -1.26% |
| S2 | 77,100.00 | -2.14% |
| S3 | 76,700.00 | -2.65% |
6273 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 28, 2024 | JP¥450.00 | 0.571% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Dec 01, 2023 | JP¥450.00 | 0.608% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥450.00 | 0.645% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥450.00 | 0.752% |
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