Ishii Iron Works Co.,Ltd. Stock Forecast
Ishii Iron Works Co.,Ltd. stock price up 0.757% on Monday
(Updated on May 20, 2024)
The Ishii Iron Works Co.,Ltd. stock price gained 0.757% on the last trading day (Monday, 20th May 2024), rising from JP¥2,775.00 to JP¥2,796.00. During the last trading day the stock fluctuated 1.12% from a day low at JP¥2,767.00 to a day high of JP¥2,798.00. The price has been going up and down for this period, and there has been a 0.87% 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, 2 thousand more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately JP¥5.03 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Ishii Iron Works Co.,Ltd. stock with a 90% probability to be traded between JP¥2,747.56 and JP¥2,978.82 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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6362.T Signals & Forecast
The Ishii Iron Works Co.,Ltd. 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¥2,785.86 and JP¥2,789.86. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 3.29%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Ishii Iron Works Co.,Ltd. stock
Ishii Iron Works Co.,Ltd. finds support from accumulated volume at JP¥2,774.00 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¥31.00 between high and low, or 1.12%. For the last week the stock has had daily average volatility of 0.664%.
Our recommended stop-loss: JP¥2,660.05 (-4.86%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 37 days ago.)
Trading Expectations (6362.T) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Ishii Iron Works Co.,Ltd. to open at JP¥2,787.00, and during the day (based on 14 day Average True Range), to move between JP¥2,767.16 and JP¥2,824.84, which gives a possible trading interval of +/-JP¥28.84 (+/-1.03%) up or down from last closing price. If Ishii Iron Works Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 2.06% 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¥2,774.00 (0.79%) than the resistance at JP¥2,821.00 (0.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ishii Iron Works Co.,Ltd. stock A Buy?
Ishii Iron Works 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: 0.692 Hold/Accumulate Unchanged
Predicted Opening Price for Ishii Iron Works Co.,Ltd. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| JP¥2,787.00 ( 0.322%) | JP¥2,796.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6362.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,818.00 | 0.787 % | |
| R2 | 2,806.16 | 0.363 % | ||
| R1 | 2,798.84 | 0.102 % | ||
| Current price: | 2,796.00 | |||
| Support | S1 | 2,775.16 | -0.745 % | |
| S2 | 2,767.84 | -1.01 % | ||
| S3 | 2,756.00 | -1.43 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,917.00 | 4.33 % | |
| R2 | 2,882.00 | 3.08 % | ||
| R1 | 2,821.00 | 0.89 % | ||
| Current price | 2,796.00 | |||
| Support | S1 | 2,774.00 | -0.787% | |
| S2 | 2,742.00 | -1.93% | ||
| S3 | 2,707.00 | -3.18% |
6362 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2025 | Mar 28, 2025 | Mar 28, 2025 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥70.00 | 3.06% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥60.00 | 2.04% |
| 4 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥50.00 | 1.67% |
| 5 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥50.00 | 2.26% |
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