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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of 6302.T
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SUMITOMO HEAVY INDUSTRIES,LTD. stock price ended at JP¥4,205.00 on Friday, after gaining 2.56%.
(Updated on Jun 14, 2024)

Hold candidate since Jun 11, 2024 Gain 1.99% PDF

The SUMITOMO HEAVY INDUSTRIES,LTD. stock price gained 2.56% on the last trading day (Friday, 14th Jun 2024), rising from JP¥4,100.00 to JP¥4,205.00. During the last trading day the stock fluctuated 2.56% from a day low at JP¥4,101.00 to a day high of JP¥4,206.00. The price has been going up and down for this period, and there has been a -1.29% 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, 245 thousand more shares were traded than the day before. In total, 546 thousand shares were bought and sold for approximately JP¥2.30 billion.

The stock lies in the middle of a 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 -14.16% during the next 3 months and, with a 90% probability hold a price between JP¥3,424.84 and JP¥3,665.13 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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6302.T Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 3.60%. Further rise is indicated until a new top pivot has been found. 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. The SUMITOMO HEAVY INDUSTRIES,LTD. 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¥4,283.40. On a fall, the stock will find some support from the short-term average at JP¥4,118.14. 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. The stock had a Golden Star Signal on Thursday, December 21, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Thursday, December 21, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for SUMITOMO HEAVY INDUSTRIES,LTD. stock

SUMITOMO HEAVY INDUSTRIES,LTD. finds support from accumulated volume at JP¥4,175.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥105.00 (2.56%) between high and low. For the last week, the stock has had daily average volatility of 1.90%.

Our recommended stop-loss: JP¥4,035.12 (-4.04%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 54 days ago.)

Trading Expectations (6302.T) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect SUMITOMO HEAVY INDUSTRIES,LTD. to open at JP¥4,170.67, and during the day (based on 14 day Average True Range), to move between JP¥4,115.44 and JP¥4,294.56, which gives a possible trading interval of +/-JP¥89.56 (+/-2.13%) up or down from last closing price. If SUMITOMO HEAVY INDUSTRIES,LTD. takes out the full calculated possible swing range there will be an estimated 4.26% 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¥4,175.00 (0.71%) than the resistance at JP¥4,411.00 (4.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is SUMITOMO HEAVY INDUSTRIES,LTD. stock A Buy?

SUMITOMO HEAVY INDUSTRIES,LTD. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.039 Hold/Accumulate Unchanged

Predicted Opening Price for SUMITOMO HEAVY INDUSTRIES,LTD. of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
JP¥4,170.67 ( 0.82%) JP¥4,205.00

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

Trading levels for 6302.T

Fibonacci Support & Resistance Levels

Level Price
R3 4,275.67 1.68%
R2 4,235.56 0.727%
R1 4,210.78 0.137%
Price 4,205.00
S1 4,130.56 -1.77%
S2 4,105.78 -2.36%
S3 4,065.67 -3.31%

Accumulated Volume Support & Resistance Levels

Level Price
R3 4,745.00 12.84%
R2 4,721.00 12.27%
R1 4,411.00 4.90%
Price 4,205.00
S1 4,175.00 -0.713%
S2 4,074.00 -3.12%
S3 4,059.00 -3.47%

6302 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 27, 2024 Jun 27, 2024 Sep 01, 2024 JP¥60.00 1.43%
2 Dec 28, 2023 Dec 28, 2023 Mar 29, 2024 JP¥60.00 1.27%
3 Jun 29, 2023 Jun 29, 2023 Jun 29, 2023 JP¥60.00 1.75%
4 Dec 29, 2022 Dec 29, 2022 Dec 29, 2022 JP¥45.00 1.70%
5 Sep 29, 2022 Sep 29, 2022 Sep 29, 2022 JP¥45.00 1.64%

FAQ

What is the symbol for SUMITOMO HEAVY INDUSTRIES,LTD. Stock and on which exchange is it traded?
The symbol for SUMITOMO HEAVY INDUSTRIES,LTD. is 6302.T and it is traded on the TYO (Tokyo Stock Exchange).

Should I buy or sell SUMITOMO HEAVY INDUSTRIES,LTD. Stock?
SUMITOMO HEAVY INDUSTRIES,LTD. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy SUMITOMO HEAVY INDUSTRIES,LTD. Stock?
SUMITOMO HEAVY INDUSTRIES,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 SUMITOMO HEAVY INDUSTRIES,LTD. Stock.

What's the current price of SUMITOMO HEAVY INDUSTRIES,LTD. Stock?
As of the end of day on the Jun 14, 2024, the price of an SUMITOMO HEAVY INDUSTRIES,LTD. (6302.T) share was JP¥4,205.00.

What is the 52-week high and low for SUMITOMO HEAVY INDUSTRIES,LTD. Stock?
The 52-week high for SUMITOMO HEAVY INDUSTRIES,LTD. Stock is JP¥4,840.00 and the 52-week low is JP¥3,211.00.

What is the market capitalization of SUMITOMO HEAVY INDUSTRIES,LTD. Stock?
As of the Jun 14, 2024, the market capitalization of SUMITOMO HEAVY INDUSTRIES,LTD. is 513.611B.

When is the next earnings date for SUMITOMO HEAVY INDUSTRIES,LTD.?
The upcoming earnings date for SUMITOMO HEAVY INDUSTRIES,LTD. is Aug 05, 2024.
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About SUMITOMO HEAVY INDUSTRIES,LTD.

SUMITOMO HEAVY INDUSTRIES Sumitomo Heavy Industries, Ltd. manufactures and sells general machinery, advanced precision machinery, construction machinery, ships, and environmental plant facilities in Japan and internationally. The company operates through four segments: Mechatronics, Industrial Machinery, Logistics & Construction, and Energy & Lifelines. Its Mechatronics segment offers gear reducers, motors, and boxes; motion control drives, inverters, precision positionin... 6302.T Profile

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