DAIKOKU DENKI CO.,LTD. Stock Forecast
Evaluation of DAIKOKU DENKI CO.,LTD. stock downgraded after the last trading session.
(Updated on Apr 19, 2024)
The DAIKOKU DENKI CO.,LTD. stock price fell by -4.04% on the last day (Friday, 19th Apr 2024) from JP¥3,590.00 to JP¥3,445.00. During the last trading day the stock fluctuated 5.30% from a day low at JP¥3,395.00 to a day high of JP¥3,575.00. The price has been going up and down for this period, and there has been a -3.09% loss for the last 2 weeks. Volume has increased on the last day by 70 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, 161 thousand shares were bought and sold for approximately JP¥553.61 million.
Given the current horizontal trend, you can expect DAIKOKU DENKI CO.,LTD. stock with a 90% probability to be traded between JP¥3,400.13 and JP¥4,293.81 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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6430.T Signals & Forecast
There are few to no technical positive signals at the moment. The DAIKOKU DENKI CO.,LTD. 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¥3,547.14 and JP¥3,853.14. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, February 19, 2024, and so far it has fallen -21.53%. 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 for DAIKOKU DENKI CO.,LTD. stock
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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved JP¥180.00 between high and low, or 5.30%. For the last week, the stock has had daily average volatility of 3.28%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6430.T) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect DAIKOKU DENKI CO.,LTD. to open at JP¥3,471.67, and during the day (based on 14 day Average True Range), to move between JP¥3,324.19 and JP¥3,565.81, which gives a possible trading interval of +/-JP¥120.81 (+/-3.51%) up or down from last closing price. If DAIKOKU DENKI CO.,LTD. takes out the full calculated possible swing range there will be an estimated 7.01% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ JP¥3,785.00, some JP¥340.00 (9.87%) from the current price of JP¥3,445.00, our system finds the risk reward not very attractive.
Is DAIKOKU DENKI CO.,LTD. stock A Buy?
DAIKOKU DENKI CO.,LTD. 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 Buy to a Sell candidate.
Current score: -3.702 Sell Candidate Downgraded
Predicted Opening Price for DAIKOKU DENKI CO.,LTD. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| JP¥3,471.67 ( 0.774%) | JP¥3,445.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6430.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,651.67 | 6.00 % | |
| R2 | 3,582.91 | 4.00 % | ||
| R1 | 3,540.43 | 2.77 % | ||
| Current price: | 3,445.00 | |||
| Support | S1 | 3,402.91 | -1.22 % | |
| S2 | 3,360.43 | -2.45 % | ||
| S3 | 3,291.67 | -4.45 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,125.00 | 19.74 % | |
| R2 | 3,800.00 | 10.30 % | ||
| R1 | 3,785.00 | 9.87 % | ||
| Current price | 3,445.00 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
6430 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥10.00 | 0.324% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥10.00 | 0.766% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥35.00 | 2.83% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥25.00 | 1.96% |
FAQ
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