ZUIKO CORPORATION Stock Forecast
ZUIKO CORPORATION stock upgraded to Buy Candidate.
(Updated on May 31, 2024)
The ZUIKO CORPORATION stock price gained 0.570% on the last trading day (Friday, 31st May 2024), rising from JP¥1,053.00 to JP¥1,059.00. During the last trading day the stock fluctuated 1.43% from a day low at JP¥1,050.00 to a day high of JP¥1,065.00. The price has been going up and down for this period, and there has been a -3.11% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 39 thousand shares were bought and sold for approximately JP¥41.51 million.
Given the current short-term trend, the stock is expected to fall -36.74% during the next 3 months and, with a 90% probability hold a price between JP¥478.39 and JP¥669.92 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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6279.T Signals & Forecast
The ZUIKO CORPORATION stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥1,072.00. On a fall, the stock will find some support from the long-term average at approximately JP¥1,053.83. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 6.75%. 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 ZUIKO CORPORATION stock
ZUIKO CORPORATION finds support from accumulated volume at JP¥1,057.00 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¥15.00 between high and low, or 1.43%. For the last week, the stock has had daily average volatility of 2.17%.
Our recommended stop-loss: JP¥1,016.22 (-4.04%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 71 days ago.)
Trading Expectations (6279.T) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect ZUIKO CORPORATION to open at JP¥1,058.00, and during the day (based on 14 day Average True Range), to move between JP¥1,030.69 and JP¥1,087.31, which gives a possible trading interval of +/-JP¥28.31 (+/-2.67%) up or down from last closing price. If ZUIKO CORPORATION takes out the full calculated possible swing range there will be an estimated 5.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥1,057.00 (0.19%) than the resistance at JP¥1,087.00 (2.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ZUIKO CORPORATION stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for 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: 1.561 Buy Candidate Upgraded
Predicted Opening Price for ZUIKO CORPORATION of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| JP¥1,058.00 ( 0.0944%) | JP¥1,059.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6279.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,073.00 | 1.32 % | |
| R2 | 1,067.27 | 0.781 % | ||
| R1 | 1,063.73 | 0.447 % | ||
| Current price: | 1,059.00 | |||
| Support | S1 | 1,052.27 | -0.636 % | |
| S2 | 1,048.73 | -0.97 % | ||
| S3 | 1,043.00 | -1.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,206.00 | 13.88 % | |
| R2 | 1,131.00 | 6.80 % | ||
| R1 | 1,087.00 | 2.64 % | ||
| Current price | 1,059.00 | |||
| Support | S1 | 1,057.00 | -0.189% | |
| S2 | 1,029.00 | -2.83% | ||
| S3 | 996.00 | -5.95% |
6279 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 17, 2023 | Aug 17, 2023 | Aug 17, 2023 | JP¥10.00 | 0.714% |
| 2 | Feb 17, 2023 | Feb 17, 2023 | Feb 17, 2023 | JP¥9.00 | 1.06% |
| 3 | Aug 18, 2022 | Aug 18, 2022 | Aug 18, 2022 | JP¥8.10 | 1.05% |
| 4 | Feb 17, 2022 | Feb 17, 2022 | Feb 17, 2022 | JP¥10.00 | 1.24% |
| 5 | Aug 19, 2021 | Aug 19, 2021 | Aug 19, 2021 | JP¥6.20 | 0.651% |
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