MAX CO.,LTD. Stock Forecast
MAX CO.,LTD. stock upgraded to Strong Buy Candidate.
(Updated on Jun 14, 2024)
The MAX CO.,LTD. stock price gained 3.83% on the last trading day (Friday, 14th Jun 2024), rising from JP¥3,785.00 to JP¥3,930.00. During the last trading day the stock fluctuated 3.01% from a day low at JP¥3,815.00 to a day high of JP¥3,930.00. The price has been going up and down for this period, and there has been a 5.08% 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, 45 thousand more shares were traded than the day before. In total, 104 thousand shares were bought and sold for approximately JP¥410.29 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 18.94% during the next 3 months and, with a 90% probability hold a price between JP¥4,229.47 and JP¥4,786.72 at the end of this 3-month period.
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6454.T Signals & Forecast
Mostly positive signals in the chart today. The MAX CO.,LTD. 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¥3,789.29 and JP¥3,601.57. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 15, 2024, and so far it has risen 18.20%. 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 MAX CO.,LTD. stock
MAX CO.,LTD. finds support from accumulated volume at JP¥3,740.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥115.00 (3.01%) between high and low. For the last week, the stock has had daily average volatility of 2.14%.
Our recommended stop-loss: JP¥3,786.16 (-3.66%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 29 days ago.)
Trading Expectations (6454.T) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect MAX CO.,LTD. to open at JP¥3,891.67, and during the day (based on 14 day Average True Range), to move between JP¥3,831.03 and JP¥4,028.97, which gives a possible trading interval of +/-JP¥98.97 (+/-2.52%) up or down from last closing price. If MAX CO.,LTD. takes out the full calculated possible swing range there will be an estimated 5.04% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥3,740.00, some JP¥190.00 (4.83%) from the current price of JP¥3,930.00, our system finds the risk reward attractive.
Is MAX CO.,LTD. stock A Buy?
MAX CO.,LTD. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 8.399 Strong Buy Candidate Upgraded
Predicted Opening Price for MAX CO.,LTD. of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| JP¥3,891.67 ( 0.98%) | JP¥3,930.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6454.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,006.67 | 1.95% |
| R2 | 3,962.74 | 0.83% |
| R1 | 3,935.60 | 0.142% |
| Price | 3,930.00 | |
| S1 | 3,847.74 | -2.09% |
| S2 | 3,820.60 | -2.78% |
| S3 | 3,776.67 | -3.90% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 3,930.00 | |
| S1 | 3,740.00 | -4.83% |
| S2 | 3,600.00 | -8.40% |
| S3 | 3,530.00 | -10.18% |
6454 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2025 | Mar 28, 2025 | Mar 28, 2025 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 27, 2024 | JP¥98.00 | 2.49% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥78.00 | 3.73% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥64.00 | 3.79% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥48.00 | 2.93% |
FAQ
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