EBARA JITSUGYO CO.,LTD. Stock Forecast
Green day on Friday for EBARA JITSUGYO CO.,LTD.
(Updated on May 31, 2024)
The EBARA JITSUGYO CO.,LTD. stock price gained 0.727% on the last trading day (Friday, 31st May 2024), rising from JP¥3,440.00 to JP¥3,465.00. During the last trading day the stock fluctuated 1.90% from a day low at JP¥3,430.00 to a day high of JP¥3,495.00. The price has been going up and down for this period, and there has been a 1.91% gain 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, 4 thousand more shares were traded than the day before. In total, 22 thousand shares were bought and sold for approximately JP¥76.92 million.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at JP¥3,507.62 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.67% during the next 3 months and, with a 90% probability hold a price between JP¥3,086.36 and JP¥3,379.02 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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6328.T Signals & Forecast
The EBARA JITSUGYO CO.,LTD. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥3,438.57 and JP¥3,414.43. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -0.86%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Thursday, May 16, 2024 in the short-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.
Golden Star
The stock had a Golden Star Signal on Thursday, May 16, 2024 in the short-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 EBARA JITSUGYO CO.,LTD. stock
EBARA JITSUGYO CO.,LTD. finds support from accumulated volume at JP¥3,420.00 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¥65.00 between high and low, or 1.90%. For the last week the stock has had daily average volatility of 1.80%.
Our recommended stop-loss: JP¥3,322.54 (-4.11%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (6328.T) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect EBARA JITSUGYO CO.,LTD. to open at JP¥3,463.33, and during the day (based on 14 day Average True Range), to move between JP¥3,380.59 and JP¥3,549.41, which gives a possible trading interval of +/-JP¥84.41 (+/-2.44%) 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 4.87% 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¥3,470.00 (0.14%) than the support at JP¥3,420.00 (1.30%), 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 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.
Current score: 0.465 Hold/Accumulate Unchanged
Predicted Opening Price for EBARA JITSUGYO CO.,LTD. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| JP¥3,463.33 ( 0.0481%) | JP¥3,465.00 |
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 | 3,528.33 | 1.83 % | |
| R2 | 3,503.50 | 1.11 % | ||
| R1 | 3,488.16 | 0.668 % | ||
| Current price: | 3,465.00 | |||
| Support | S1 | 3,438.50 | -0.765 % | |
| S2 | 3,423.16 | -1.21 % | ||
| S3 | 3,398.33 | -1.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,585.00 | 3.46 % | |
| R2 | 3,495.00 | 0.87 % | ||
| R1 | 3,470.00 | 0.144 % | ||
| Current price | 3,465.00 | |||
| Support | S1 | 3,420.00 | -1.30% | |
| S2 | 3,400.00 | -1.88% | ||
| S3 | 3,285.00 | -5.19% |
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% |
FAQ
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