EBARA CORPORATION Stock Forecast
EBARA CORPORATION stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Jun 21, 2024)
The EBARA CORPORATION stock price fell by -0.415% on the last day (Friday, 21st Jun 2024) from JP¥12,045.00 to JP¥11,995.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.35% from a day low at JP¥11,940.00 to a day high of JP¥12,220.00. The price has been going up and down for this period, and there has been a 5.45% gain for the last 2 weeks. Volume has increased on the last day by 200 thousand 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, 549 thousand shares were bought and sold for approximately JP¥6.59 billion.
The stock lies in the middle of a wide and 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 -15.29% during the next 3 months and, with a 90% probability hold a price between JP¥9,107.94 and JP¥10,618.77 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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6361.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 05, 2024, and so far it has risen 7.19%. 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 CORPORATION stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥12,082.86 and JP¥12,315.14. A break-up above any of these levels will issue buy signals. 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 EBARA CORPORATION stock
EBARA CORPORATION finds support from accumulated volume at JP¥11,990.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved JP¥280.00 between high and low, or 2.35%. For the last week, the stock has had daily average volatility of 2.57%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6361.T) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect EBARA CORPORATION to open at JP¥12,051.67, and during the day (based on 14 day Average True Range), to move between JP¥11,625.38 and JP¥12,364.62, which gives a possible trading interval of +/-JP¥369.62 (+/-3.08%) up or down from last closing price. If EBARA CORPORATION takes out the full calculated possible swing range there will be an estimated 6.16% 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¥11,990.00 (0.04%) than the resistance at JP¥12,720.00 (6.04%), 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 CORPORATION stock A Buy?
EBARA CORPORATION holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.397 Sell Candidate Downgraded
Predicted Opening Price for EBARA CORPORATION of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| JP¥12,051.67 ( 0.472%) | JP¥11,995.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6361.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12,331.67 | 2.81% |
| R2 | 12,224.71 | 1.92% |
| R1 | 12,158.63 | 1.36% |
| Price | 11,995.00 | |
| S1 | 11,944.71 | -0.419% |
| S2 | 11,878.63 | -0.97% |
| S3 | 11,771.67 | -1.86% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13,405.00 | 11.75% |
| R2 | 13,300.00 | 10.88% |
| R1 | 12,720.00 | 6.04% |
| Price | 11,995.00 | |
| S1 | 11,990.00 | -0.0417% |
| S2 | 11,765.00 | -1.92% |
| S3 | 11,460.00 | -4.46% |
6361 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Sep 01, 2024 | JP¥115.00 | 0.96% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Mar 28, 2024 | JP¥131.50 | 0.96% |
| 3 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥97.50 | 1.41% |
| 4 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥108.00 | 2.30% |
| 5 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥85.00 | 1.65% |
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