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JP¥2051.00 (-5.00%)

Volume: 172.6k

Closed: Sep 30, 2022

Hollow Logo Score: -7.938

ORGANO CORPORATION Stock Forecast

JP¥2051.00 (-5.00%)

Volume: 172.6k

Closed: Sep 30, 2022

Score Hollow Logo -7.938
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSI min/max Values: [ 20 - 75 ] RSI14 is 10 and the stock is extremely oversold on RSI14, but some stocks may continue to fall despite the high chance of a correction up. The low RSI lowers the general risk and the stock should be considered if other technical requirements like liquidity and risk-reward are meet.
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ORGANO CORPORATION stock downgraded from Sell Candidate to Strong Sell Candidate after Friday trading session.
(Updated on Sep 30, 2022)


Sell candidate since 2022-09-29 Loss -5.00% PDF

The ORGANO CORPORATION stock price fell by -5.00% on the last day (Friday, 30th Sep 2022) from JP¥2159.00 to JP¥2051.00. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 3.62% from a day low at JP¥2045.00 to a day high of JP¥2119.00. The price has fallen in 7 of the last 10 days and is down by -76.72% for this period. Volume has increased on the last day by 26 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, 173 thousand shares were bought and sold for approximately JP¥354.00 million.

Given the current short-term trend, the stock is expected to fall -9.95% during the next 3 months and, with a 90% probability hold a price between JP¥1846.93 and JP¥8245.64 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The ORGANO 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¥6904.29 and JP¥8744.86. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, August 02, 2022, and so far it has fallen -79.11%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved JP¥74.00 between high and low, or 3.62%. For the last week, the stock has had daily average volatility of 3.15%.

ORGANO CORPORATION is oversold on RSI14 (10). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect ORGANO CORPORATION to open at JP¥2071.67, and during the day (based on 14 day Average True Range), to move between JP¥1401.81 and JP¥2700.19, which gives a possible trading interval of +/-JP¥649.19 (+/-31.65%) up or down from last closing price. If ORGANO CORPORATION takes out the full calculated possible swing range there will be an estimated 63.30% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ JP¥108.00 (5.27%) our system find the risk reward not very attractive.

Is ORGANO CORPORATION stock A Buy?

ORGANO CORPORATION holds several negative signals and is within a very 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 Sell to a Strong Sell candidate.

Current score: -7.938

Strong Sell Candidate Downgraded

Predicted Opening Price for ORGANO CORPORATION of Monday, October 3, 2022

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Fair opening price October 3, 2022 Current price
JP¥2071.67 JP¥2051.00 (Undervalued)

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Fibonacci Support & Resistance Levels

Level Price Change
Resistance 2145.67 4.62 %
2117.40 3.24 %
2099.93 2.39 %
Current price: 2051.00
Support 2043.40 -0.37 %
2025.93 -1.22 %
1997.67 -2.60 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0 .
0 .
2159.00 5.27 %
Current price 2051.00
Support 0 .
0 .
0 .

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About ORGANO CORPORATION

ORGANO CORPORATION Kyokuyo Co., Ltd. purchases, sells, imports, and exports marine products in Japan and internationally. The company operates through Marine Products Purchasing, Frozen Foods, Shelf-Stable Foods, Logistics, and Tuna segments. It provides fillets, and shelled crab and peeled shrimps. The company also offers sushi toppings to restaurant chains; Dandori Jozu products for industrial use as meals; fried marine products, imitation crab meat, livestock pr... 6368.T Profile

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