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AI Analysis of 6316.T
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MARUYAMA MFG.CO.,INC. stock price up 1.11% on Friday
(Updated on Jun 14, 2024)

Hold candidate since Jun 12, 2024 Gain 0.08% PDF

The MARUYAMA MFG.CO.,INC. stock price gained 1.11% on the last trading day (Friday, 14th Jun 2024), rising from JP¥2,337.00 to JP¥2,363.00. During the last trading day the stock fluctuated 1.68% from a day low at JP¥2,324.00 to a day high of JP¥2,363.00. The price has risen in 6 of the last 10 days and is up by 0.85% over the past 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 3 thousand shares were bought and sold for approximately JP¥6.38 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

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 -4.49% during the next 3 months and, with a 90% probability hold a price between JP¥2,189.60 and JP¥2,379.30 at the end of this 3-month period.

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6316.T Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 2.56%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The MARUYAMA MFG.CO.,INC. 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¥2,405.29. On a fall, the stock will find some support from the short-term average at JP¥2,341.71. 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.

Support, Risk & Stop-loss for MARUYAMA MFG.CO.,INC. stock

MARUYAMA MFG.CO.,INC. finds support from accumulated volume at JP¥2,357.00 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¥39.00 between high and low, or 1.68%. For the last week the stock has had daily average volatility of 1.33%.

Our recommended stop-loss: JP¥2,240.77 (-5.17%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 26 days ago.)

Trading Expectations (6316.T) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect MARUYAMA MFG.CO.,INC. to open at JP¥2,350.00, and during the day (based on 14 day Average True Range), to move between JP¥2,324.45 and JP¥2,401.55, which gives a possible trading interval of +/-JP¥38.55 (+/-1.63%) 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 3.26% 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¥2,357.00 (0.25%) than the resistance at JP¥2,427.00 (2.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

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: 0.227 Hold/Accumulate Unchanged

Predicted Opening Price for MARUYAMA MFG.CO.,INC. of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
JP¥2,350.00 ( 0.550%) JP¥2,363.00

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 2,389.00 1.10%
R2 2,374.10 0.470%
R1 2,364.90 0.0803%
Price 2,363.00
S1 2,335.10 -1.18%
S2 2,325.90 -1.57%
S3 2,311.00 -2.20%

Accumulated Volume Support & Resistance Levels

Level Price
R3 2,471.00 4.57%
R2 2,434.00 3.00%
R1 2,427.00 2.71%
Price 2,363.00
S1 2,357.00 -0.254%
S2 2,356.00 -0.296%
S3 2,321.00 -1.78%

6316 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 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%

FAQ

What is the symbol for MARUYAMA MFG.CO.,INC. Stock and on which exchange is it traded?
The symbol for MARUYAMA MFG.CO.,INC. is 6316.T and it is traded on the TYO (Tokyo Stock Exchange).

Should I buy or sell MARUYAMA MFG.CO.,INC. Stock?
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.

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

What's the current price of MARUYAMA MFG.CO.,INC. Stock?
As of the end of day on the Jun 14, 2024, the price of an MARUYAMA MFG.CO.,INC. (6316.T) share was JP¥2,363.00.

What is the 52-week high and low for MARUYAMA MFG.CO.,INC. Stock?
The 52-week high for MARUYAMA MFG.CO.,INC. Stock is JP¥2,871.00 and the 52-week low is JP¥1,820.00.

What is the market capitalization of MARUYAMA MFG.CO.,INC. Stock?
As of the Jun 14, 2024, the market capitalization of MARUYAMA MFG.CO.,INC. is 9.927B.

When is the next earnings date for MARUYAMA MFG.CO.,INC.?
The upcoming earnings date for MARUYAMA MFG.CO.,INC. is Aug 06, 2024.
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