EBARA JITSUGYO CO.,LTD. Stock Forecast
Weaker technical forecast for EBARA JITSUGYO CO.,LTD. as stock downgraded to Hold/Accumulate.
(Updated on May 17, 2024)
The EBARA JITSUGYO CO.,LTD. stock price fell by -1.02% on the last day (Friday, 17th May 2024) from JP¥3,435.00 to JP¥3,400.00. During the last trading day the stock fluctuated 2.09% from a day low at JP¥3,350.00 to a day high of JP¥3,420.00. The price has fallen in 5 of the last 10 days and is down by -0.15% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -300 shares and in total, 11 thousand shares were bought and sold for approximately JP¥37.74 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.31% during the next 3 months and, with a 90% probability hold a price between JP¥3,431.02 and JP¥3,909.88 at the end of this 3-month period.
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6328.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 4.45%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The EBARA JITSUGYO CO.,LTD. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥3,437.14 and JP¥3,432.29. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for EBARA JITSUGYO CO.,LTD. stock
EBARA JITSUGYO CO.,LTD. finds support from accumulated volume at JP¥3,385.00 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¥70.00 between high and low, or 2.09%. For the last week the stock has had daily average volatility of 3.22%.
Our recommended stop-loss: JP¥3,220.60 (-5.28%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (6328.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect EBARA JITSUGYO CO.,LTD. to open at JP¥3,390.00, and during the day (based on 14 day Average True Range), to move between JP¥3,303.46 and JP¥3,496.54, which gives a possible trading interval of +/-JP¥96.54 (+/-2.84%) up or down from last closing price. If EBARA JITSUGYO CO.,LTD. takes out the full calculated possible swing range there will be an estimated 5.68% 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¥3,385.00 (0.44%) than the resistance at JP¥3,420.00 (0.59%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is EBARA JITSUGYO CO.,LTD. stock A Buy?
EBARA JITSUGYO CO.,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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.071 Hold/Accumulate Downgraded
Predicted Opening Price for EBARA JITSUGYO CO.,LTD. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥3,390.00 ( 0.294%) | JP¥3,400.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6328.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,460.00 | 1.76 % | |
| R2 | 3,433.26 | 0.98 % | ||
| R1 | 3,416.74 | 0.492 % | ||
| Current price: | 3,400.00 | |||
| Support | S1 | 3,363.26 | -1.08 % | |
| S2 | 3,346.74 | -1.57 % | ||
| S3 | 3,320.00 | -2.35 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,585.00 | 5.44 % | |
| R2 | 3,495.00 | 2.79 % | ||
| R1 | 3,420.00 | 0.588 % | ||
| Current price | 3,400.00 | |||
| Support | S1 | 3,385.00 | -0.441% | |
| S2 | 3,355.00 | -1.32% | ||
| S3 | 3,285.00 | -3.38% |
6328 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jun 27, 2024 | JP¥0 | 0% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥42.50 | 1.40% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥42.50 | 1.92% |
| 4 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥42.50 | 1.83% |
| 5 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥47.50 | 1.90% |
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