MINEBEA MITSUMI Inc. Stock Forecast
MINEBEA MITSUMI Inc. stock price ended at JP¥3,262.00 on Friday, after gaining 1.97%.
(Updated on May 17, 2024)
The MINEBEA MITSUMI Inc. stock price gained 1.97% on the last trading day (Friday, 17th May 2024), rising from JP¥3,199.00 to JP¥3,262.00. During the last trading day the stock fluctuated 3.18% from a day low at JP¥3,206.00 to a day high of JP¥3,308.00. The price has risen in 6 of the last 10 days and is up by 9.78% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 275 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately JP¥5.97 billion.
Given the current short-term trend, the stock is expected to fall -2.63% during the next 3 months and, with a 90% probability hold a price between JP¥2,649.00 and JP¥3,176.16 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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6479.T Signals & Forecast
Mostly positive signals in the chart today. The MINEBEA MITSUMI Inc. 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¥3,126.07 and JP¥2,938.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 18.79%. 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 MINEBEA MITSUMI Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥3,095.00 and JP¥2,951.50. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, MINEBEA MITSUMI Inc. finds support just below today's level at JP¥3,095.00. If this is broken, then the next support from accumulated volume will be at JP¥2,951.50 and JP¥2,803.50.
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¥102.00 between high and low, or 3.18%. For the last week, the stock has had daily average volatility of 3.87%.
Our recommended stop-loss: JP¥3,145.87 (-3.56%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 38 days ago.)
Trading Expectations (6479.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect MINEBEA MITSUMI Inc. to open at JP¥3,258.67, and during the day (based on 14 day Average True Range), to move between JP¥3,169.25 and JP¥3,354.75, which gives a possible trading interval of +/-JP¥92.75 (+/-2.84%) up or down from last closing price. If MINEBEA MITSUMI Inc. takes out the full calculated possible swing range there will be an estimated 5.69% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥3,095.00, some JP¥167.00 (5.12%) from the current price of JP¥3,262.00, our system finds the risk reward attractive.
Is MINEBEA MITSUMI Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 4.305 Buy Candidate Unchanged
Predicted Opening Price for MINEBEA MITSUMI Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥3,258.67 ( 0.102%) | JP¥3,262.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6479.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,360.67 | 3.02 % | |
| R2 | 3,321.70 | 1.83 % | ||
| R1 | 3,297.63 | 1.09 % | ||
| Current price: | 3,262.00 | |||
| Support | S1 | 3,219.70 | -1.30 % | |
| S2 | 3,195.63 | -2.03 % | ||
| S3 | 3,156.67 | -3.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 3,262.00 | |||
| Support | S1 | 3,095.00 | -5.12% | |
| S2 | 2,951.50 | -9.52% | ||
| S3 | 2,803.50 | -14.06% |
6479 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Jul 01, 2024 | JP¥20.00 | 0.613% |
| 2 | Sep 28, 2023 | Sep 28, 2023 | Nov 29, 2023 | JP¥20.00 | 0.724% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥20.00 | 0.798% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥20.00 | 0.88% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥18.00 | 0.670% |
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