SANYO DENKI CO.,LTD. Stock Forecast
SANYO DENKI CO.,LTD. stock price ended at JP¥7,420.00 on Monday, after losing 0%.
(Updated on May 27, 2024)
No changes to the price of SANYO DENKI CO.,LTD. stock on the last trading day (Monday, 27th May 2024). During the last trading day the stock fluctuated 1.49% from a day low at JP¥7,380.00 to a day high of JP¥7,490.00. The price has fallen in 4 of the last 10 days but is still up by 0.68% over the past 2 weeks.
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 8.74% during the next 3 months and, with a 90% probability hold a price between JP¥7,730.85 and JP¥8,668.47 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
6516.T Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -5.12%. 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 fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. The SANYO DENKI 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¥7,377.14 and JP¥7,264.86. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for SANYO DENKI CO.,LTD. stock
SANYO DENKI CO.,LTD. finds support from accumulated volume at JP¥7,330.00 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¥110.00 (1.49%) between high and low. For the last week, the stock has had daily average volatility of 2.10%.
Our recommended stop-loss: JP¥7,091.87 (-4.42%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (6516.T) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect SANYO DENKI CO.,LTD. to open at JP¥7,430.00, and during the day (based on 14 day Average True Range), to move between JP¥7,221.66 and JP¥7,618.34, which gives a possible trading interval of +/-JP¥198.34 (+/-2.67%) up or down from last closing price. If SANYO DENKI CO.,LTD. takes out the full calculated possible swing range there will be an estimated 5.35% 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¥7,450.00 (0.40%) than the support at JP¥7,330.00 (1.21%), 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 SANYO DENKI CO.,LTD. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for SANYO DENKI CO.,LTD. stock to perform well in the short-term.
Current score: 1.539 Buy Candidate Unchanged
Predicted Opening Price for SANYO DENKI CO.,LTD. of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| JP¥7,430.00 ( 0.135%) | JP¥7,420.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6516.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7,540.00 | 1.62 % | |
| R2 | 7,497.98 | 1.05 % | ||
| R1 | 7,472.02 | 0.701 % | ||
| Current price: | 7,420.00 | |||
| Support | S1 | 7,387.98 | -0.432 % | |
| S2 | 7,362.02 | -0.781 % | ||
| S3 | 7,320.00 | -1.35 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7,820.00 | 5.39 % | |
| R2 | 7,590.00 | 2.29 % | ||
| R1 | 7,450.00 | 0.404 % | ||
| Current price | 7,420.00 | |||
| Support | S1 | 7,330.00 | -1.21% | |
| S2 | 7,220.00 | -2.70% | ||
| S3 | 7,000.00 | -5.66% |
6516 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥70.00 | 1.16% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥65.00 | 1.29% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥60.00 | 1.21% |
FAQ
Click here for our free guide on how to buy SANYO DENKI CO.,LTD. Stock.
