Origin Company,Limited Stock Forecast
Red day on Friday for Origin Company,Limited stock after losing 0.331%
(Updated on May 10, 2024)
The Origin Company,Limited stock price fell by -0.331% on the last day (Friday, 10th May 2024) from JP¥1,209.00 to JP¥1,205.00. During the last trading day the stock fluctuated 0.498% from a day low at JP¥1,205.00 to a day high of JP¥1,211.00. The price has fallen in 5 of the last 10 days. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 thousand shares and in total, 2 thousand shares were bought and sold for approximately JP¥2.17 million.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Origin Company,Limited stock with a 90% probability to be traded between JP¥1,158.81 and JP¥1,196.93 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. 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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6513.T Signals & Forecast
There are mixed signals in the stock today. The Origin Company,Limited 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¥1,207.29 and JP¥1,208.63. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 1.77%. 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).
A sell signal from a double top formation was found on Friday, March 22, 2024 and based on theory for this formation the price should fall by -0.690% to JP¥1,196.67 within 12 trading days since signal was issued (Monday, May 13, 2024).
Support, Risk & Stop-loss for Origin Company,Limited stock
Origin Company,Limited finds support from accumulated volume at JP¥1,203.00 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¥6.00 between high and low, or 0.498%. For the last week the stock has had daily average volatility of 0.549%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6513.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Origin Company,Limited to open at JP¥1,207.00, and during the day (based on 14 day Average True Range), to move between JP¥1,193.39 and JP¥1,216.61, which gives a possible trading interval of +/-JP¥11.61 (+/-0.96%) up or down from last closing price. If Origin Company,Limited takes out the full calculated possible swing range there will be an estimated 1.93% 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¥1,203.00 (0.17%) than the resistance at JP¥1,208.00 (0.25%), 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
Origin Company,Limited will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for Origin Company,Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.12% in the first trading day after earnings release.
Is Origin Company,Limited stock A Buy?
Origin Company,Limited 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.
Current score: -2.075 Sell Candidate Unchanged
Predicted Opening Price for Origin Company,Limited of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥1,207.00 ( 0.166%) | JP¥1,205.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6513.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,213.00 | 0.664 % | |
| R2 | 1,210.71 | 0.474 % | ||
| R1 | 1,209.29 | 0.356 % | ||
| Current price: | 1,205.00 | |||
| Support | S1 | 1,204.71 | -0.0242 % | |
| S2 | 1,203.29 | -0.142 % | ||
| S3 | 1,201.00 | -0.332 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,228.00 | 1.91 % | |
| R2 | 1,220.00 | 1.24 % | ||
| R1 | 1,208.00 | 0.249 % | ||
| Current price | 1,205.00 | |||
| Support | S1 | 1,203.00 | -0.166% | |
| S2 | 1,202.00 | -0.249% | ||
| S3 | 1,184.00 | -1.74% |
6513 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¥20.00 | 1.52% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥20.00 | 1.55% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥45.00 | 3.62% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥20.00 | 1.50% |
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