Okano Valve Mfg.Co.Ltd. Stock Forecast
Red day on Friday for Okano Valve Mfg.Co.Ltd. stock after losing 1.90%
(Updated on Jun 28, 2024)
The Okano Valve Mfg.Co.Ltd. stock price fell by -1.90% on the last day (Friday, 28th Jun 2024) from JP¥5,260.00 to JP¥5,160.00. During the last trading day the stock fluctuated 2.91% from a day low at JP¥5,160.00 to a day high of JP¥5,310.00. The price has fallen in 6 of the last 10 days but is still up by 0.19% over the past 2 weeks. Volume has increased on the last day by 900 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, 5 thousand shares were bought and sold for approximately JP¥23.22 million.
The stock lies in the middle of a wide and weak 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 6.25% during the next 3 months and, with a 90% probability hold a price between JP¥5,157.02 and JP¥6,053.51 at the end of this 3-month period.
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6492.T Signals & Forecast
A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -8.83%. 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. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Okano Valve Mfg.Co.Ltd. 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¥5,272.86. On a fall, the stock will find some support from the long-term average at approximately JP¥5,017.14. 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.
Support, Risk & Stop-loss for Okano Valve Mfg.Co.Ltd. stock
Okano Valve Mfg.Co.Ltd. finds support from accumulated volume at JP¥5,090.00 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¥150.00 between high and low, or 2.91%. For the last week, the stock has had daily average volatility of 3.80%.
Our recommended stop-loss: JP¥4,910.94 (-4.83%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 30 days ago.)
Trading Expectations (6492.T) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Okano Valve Mfg.Co.Ltd. to open at JP¥5,210.00, and during the day (based on 14 day Average True Range), to move between JP¥4,870.85 and JP¥5,449.15, which gives a possible trading interval of +/-JP¥289.15 (+/-5.60%) up or down from last closing price. If Okano Valve Mfg.Co.Ltd. takes out the full calculated possible swing range there will be an estimated 11.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥5,090.00 (1.36%) than the resistance at JP¥5,290.00 (2.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Okano Valve Mfg.Co.Ltd. will release earnings BMO on Friday, July 05, 2024. We will update the financials statements for Okano Valve Mfg.Co.Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.37% in the first trading day after earnings release.
Is Okano Valve Mfg.Co.Ltd. 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.
Current score: 1.162 Buy Candidate Unchanged
Predicted Opening Price for Okano Valve Mfg.Co.Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| JP¥5,210.00 ( 0.97%) | JP¥5,160.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6492.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5,360.00 | 3.88% |
| R2 | 5,302.70 | 2.77% |
| R1 | 5,267.30 | 2.08% |
| Price | 5,160.00 | |
| S1 | 5,152.70 | -0.141% |
| S2 | 5,117.30 | -0.83% |
| S3 | 5,060.00 | -1.94% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5,660.00 | 9.69% |
| R2 | 5,340.00 | 3.49% |
| R1 | 5,290.00 | 2.52% |
| Price | 5,160.00 | |
| S1 | 5,090.00 | -1.36% |
| S2 | 5,080.00 | -1.55% |
| S3 | 4,760.00 | -7.75% |
6492 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 28, 2024 | Nov 28, 2024 | Feb 01, 2025 | JP¥20.00 | 0.388% |
| 2 | May 30, 2024 | May 30, 2024 | Aug 05, 2024 | JP¥20.00 | 0.388% |
| 3 | Nov 29, 2023 | Nov 29, 2023 | Nov 29, 2023 | JP¥30.00 | 1.08% |
| 4 | Nov 29, 2022 | Nov 29, 2022 | Nov 29, 2022 | JP¥20.00 | 0.774% |
| 5 | Nov 29, 2021 | Nov 29, 2021 | Nov 29, 2021 | JP¥20.00 | 0.771% |
FAQ
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