FUKUSHIMA INDUSTRIES CORP. Stock Forecast
FUKUSHIMA INDUSTRIES CORP. stock upgraded to Buy Candidate.
(Updated on Apr 26, 2024)
The FUKUSHIMA INDUSTRIES CORP. stock price gained 1.48% on the last trading day (Friday, 26th Apr 2024), rising from JP¥6,090.00 to JP¥6,180.00. During the last trading day the stock fluctuated 3.16% from a day low at JP¥6,020.00 to a day high of JP¥6,210.00. The price has fallen in 7 of the last 10 days and is down by -6.22% for this period. Volume fell on the last day by -8 thousand shares and in total, 35 thousand shares were bought and sold for approximately JP¥216.92 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥6,110.68 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 22.78% during the next 3 months and, with a 90% probability hold a price between JP¥7,502.95 and JP¥8,345.35 at the end of this 3-month period.
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6420.T Signals & Forecast
A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -6.22%. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. The FUKUSHIMA INDUSTRIES CORP. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥6,190.00. On a fall, the stock will find some support from the long-term average at approximately JP¥6,115.14. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for FUKUSHIMA INDUSTRIES CORP. stock
FUKUSHIMA INDUSTRIES CORP. finds support from accumulated volume at JP¥5,970.00 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¥190.00 between high and low, or 3.16%. For the last week, the stock has had daily average volatility of 2.57%.
Our recommended stop-loss: JP¥5,876.91 (-4.90%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (6420.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect FUKUSHIMA INDUSTRIES CORP. to open at JP¥6,136.67, and during the day (based on 14 day Average True Range), to move between JP¥6,014.11 and JP¥6,345.89, which gives a possible trading interval of +/-JP¥165.89 (+/-2.68%) up or down from last closing price. If FUKUSHIMA INDUSTRIES CORP. takes out the full calculated possible swing range there will be an estimated 5.37% 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¥6,210.00 (0.49%) than the support at JP¥5,970.00 (3.40%), 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 FUKUSHIMA INDUSTRIES CORP. stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 3.693 Buy Candidate Upgraded
Predicted Opening Price for FUKUSHIMA INDUSTRIES CORP. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥6,136.67 ( 0.701%) | JP¥6,180.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6420.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6,326.67 | 2.37 % | |
| R2 | 6,254.09 | 1.20 % | ||
| R1 | 6,209.25 | 0.473 % | ||
| Current price: | 6,180.00 | |||
| Support | S1 | 6,064.09 | -1.88 % | |
| S2 | 6,019.25 | -2.60 % | ||
| S3 | 5,946.67 | -3.78 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6,530.00 | 5.66 % | |
| R2 | 6,450.00 | 4.37 % | ||
| R1 | 6,210.00 | 0.485 % | ||
| Current price | 6,180.00 | |||
| Support | S1 | 5,970.00 | -3.40% | |
| S2 | 5,700.00 | -7.77% | ||
| S3 | 5,440.00 | -11.97% |
6420 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥73.00 | 1.54% |
| 2 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥7.00 | 0.176% |
| 3 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥53.00 | 1.18% |
| 4 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥48.00 | 1.42% |
| 5 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥48.00 | 1.32% |
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