SANDEN HOLDINGS CORPORATION Stock Forecast
Evaluation of SANDEN HOLDINGS CORPORATION stock downgraded after the last trading session.
(Updated on Jun 26, 2024)
The SANDEN HOLDINGS CORPORATION stock price gained 1.20% on the last trading day (Wednesday, 26th Jun 2024), rising from JP¥167.00 to JP¥169.00. During the last trading day the stock fluctuated 1.81% from a day low at JP¥166.00 to a day high of JP¥169.00. The price has been going up and down for this period, and there has been a -1.74% loss for the last 2 weeks. Volume fell on the last day by -28 thousand shares and in total, 100 thousand shares were bought and sold for approximately JP¥16.90 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 stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at JP¥171.76 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect SANDEN HOLDINGS CORPORATION stock with a 90% probability to be traded between JP¥156.60 and JP¥170.31 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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6444.T Signals & Forecast
The SANDEN HOLDINGS CORPORATION stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥166.29 and JP¥165.86. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -1.74%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for SANDEN HOLDINGS CORPORATION stock
SANDEN HOLDINGS CORPORATION finds support from accumulated volume at JP¥166.00 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¥3.00 between high and low, or 1.81%. For the last week the stock has had daily average volatility of 1.58%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6444.T) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect SANDEN HOLDINGS CORPORATION to open at JP¥168.00, and during the day (based on 14 day Average True Range), to move between JP¥165.35 and JP¥172.65, which gives a possible trading interval of +/-JP¥3.65 (+/-2.16%) up or down from last closing price. If SANDEN HOLDINGS CORPORATION takes out the full calculated possible swing range there will be an estimated 4.32% 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¥170.00 (0.59%) than the support at JP¥166.00 (1.78%), 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 SANDEN HOLDINGS CORPORATION stock A Buy?
SANDEN HOLDINGS CORPORATION holds several negative signals and we believe that 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: -1.872 Sell Candidate Downgraded
Predicted Opening Price for SANDEN HOLDINGS CORPORATION of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| JP¥168.00 ( 0.592%) | JP¥169.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6444.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 171.00 | 1.18% |
| R2 | 169.85 | 0.505% |
| R1 | 169.15 | 0.0864% |
| Price | 169.00 | |
| S1 | 166.85 | -1.27% |
| S2 | 166.15 | -1.69% |
| S3 | 165.00 | -2.37% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 172.00 | 1.78% |
| R2 | 171.00 | 1.18% |
| R1 | 170.00 | 0.592% |
| Price | 169.00 | |
| S1 | 166.00 | -1.78% |
| S2 | 165.00 | -2.37% |
| S3 | 162.00 | -4.14% |
6444 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥20.00 | 2.51% |
| 2 | Mar 28, 2018 | Mar 28, 2018 | Mar 28, 2018 | JP¥8.00 | 0.531% |
| 3 | Mar 29, 2017 | Mar 29, 2017 | Mar 29, 2017 | JP¥37.50 | 2.09% |
| 4 | Mar 29, 2016 | Mar 29, 2016 | Mar 29, 2016 | JP¥75.00 | 4.45% |
| 5 | Mar 27, 2015 | Mar 27, 2015 | Mar 27, 2015 | JP¥50.00 | 1.76% |
FAQ
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