MARUYAMA MFG.CO.,INC. Stock Forecast
MARUYAMA MFG.CO.,INC. stock price down 0.0819% on Tuesday
(Updated on Jun 25, 2024)
The MARUYAMA MFG.CO.,INC. stock price fell by -0.0819% on the last day (Tuesday, 25th Jun 2024) from JP¥2,441.00 to JP¥2,439.00. During the last trading day the stock fluctuated 1.44% from a day low at JP¥2,425.00 to a day high of JP¥2,460.00. The price has risen in 7 of the last 10 days and is up by 3.52% over the past 2 weeks. Volume has increased on the last day by 100 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, 6 thousand shares were bought and sold for approximately JP¥13.41 million.
The stockhas broken the falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is JP¥2,438.93, a level that may pose a second chance to hit a runner. According to fan-theory JP¥2,600.80 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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6316.T Signals & Forecast
The MARUYAMA MFG.CO.,INC. 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¥2,384.14 and JP¥2,388.03. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -0.0819%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for MARUYAMA MFG.CO.,INC. stock
MARUYAMA MFG.CO.,INC. finds support from accumulated volume at JP¥2,427.00 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¥35.00 between high and low, or 1.44%. For the last week the stock has had daily average volatility of 1.44%.
Our recommended stop-loss: JP¥2,376.77 (-2.55%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (6316.T) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect MARUYAMA MFG.CO.,INC. to open at JP¥2,441.33, and during the day (based on 14 day Average True Range), to move between JP¥2,400.48 and JP¥2,477.52, which gives a possible trading interval of +/-JP¥38.52 (+/-1.58%) up or down from last closing price. If MARUYAMA MFG.CO.,INC. takes out the full calculated possible swing range there will be an estimated 3.16% 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¥2,446.00 (0.29%) than the support at JP¥2,427.00 (0.49%), 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 MARUYAMA MFG.CO.,INC. stock A Buy?
MARUYAMA MFG.CO.,INC. 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: 0.784 Hold/Accumulate Unchanged
Predicted Opening Price for MARUYAMA MFG.CO.,INC. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| JP¥2,441.33 ( 0.0957%) | JP¥2,439.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6316.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,476.33 | 1.53% |
| R2 | 2,462.96 | 0.98% |
| R1 | 2,454.70 | 0.644% |
| Price | 2,439.00 | |
| S1 | 2,427.96 | -0.453% |
| S2 | 2,419.70 | -0.791% |
| S3 | 2,406.33 | -1.34% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,523.00 | 3.44% |
| R2 | 2,471.00 | 1.31% |
| R1 | 2,446.00 | 0.287% |
| Price | 2,439.00 | |
| S1 | 2,427.00 | -0.492% |
| S2 | 2,420.00 | -0.779% |
| S3 | 2,406.00 | -1.35% |
6316 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Sep 28, 2023 | Sep 28, 2023 | Dec 22, 2023 | JP¥75.00 | 2.92% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥55.00 | 3.70% |
| 4 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥35.00 | 2.17% |
| 5 | Sep 29, 2020 | Sep 29, 2020 | Sep 29, 2020 | JP¥35.00 | 2.46% |
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