Denyo Co.,Ltd. Stock Forecast
Denyo Co.,Ltd. stock price ended at JP¥2,911.00 on Tuesday, after gaining 1.57%.
(Updated on Jun 25, 2024)
The Denyo Co.,Ltd. stock price gained 1.57% on the last trading day (Tuesday, 25th Jun 2024), rising from JP¥2,866.00 to JP¥2,911.00. During the last trading day the stock fluctuated 2.53% from a day low at JP¥2,850.00 to a day high of JP¥2,922.00. The price has risen in 7 of the last 10 days and is up by 6.9% 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, 5 thousand more shares were traded than the day before. In total, 21 thousand shares were bought and sold for approximately JP¥61.42 million.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at JP¥2,950.37 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 26.82% during the next 3 months and, with a 90% probability hold a price between JP¥3,360.53 and JP¥3,741.69 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.
6517.T Signals & Forecast
Mostly positive signals in the chart today. The Denyo 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¥2,830.43 and JP¥2,688.60. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 07, 2024, and so far it has risen 18.05%. 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 Denyo Co.,Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥2,578.00 and JP¥2,483.00. 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, Denyo Co.,Ltd. finds support just below today's level at JP¥2,578.00. If this is broken, then the next support from accumulated volume will be at JP¥2,483.00 and JP¥2,427.00.
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¥72.00 between high and low, or 2.53%. For the last week, the stock has had daily average volatility of 1.99%.
Our recommended stop-loss: JP¥2,804.46 (-3.66%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 37 days ago.)
Trading Expectations (6517.T) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Denyo Co.,Ltd. to open at JP¥2,894.33, and during the day (based on 14 day Average True Range), to move between JP¥2,840.43 and JP¥2,981.57, which gives a possible trading interval of +/-JP¥70.57 (+/-2.42%) up or down from last closing price. If Denyo Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 4.85% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥2,578.00, some JP¥333.00 (11.44%) from the current price of JP¥2,911.00, our system finds the risk reward attractive.
Is Denyo Co.,Ltd. stock A Buy?
Denyo 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.
Current score: 6.272 Strong Buy Candidate Unchanged
Predicted Opening Price for Denyo Co.,Ltd. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| JP¥2,894.33 ( 0.573%) | JP¥2,911.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6517.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,966.33 | 1.90% |
| R2 | 2,938.83 | 0.96% |
| R1 | 2,921.84 | 0.372% |
| Price | 2,911.00 | |
| S1 | 2,866.83 | -1.52% |
| S2 | 2,849.84 | -2.10% |
| S3 | 2,822.33 | -3.05% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 2,911.00 | |
| S1 | 2,578.00 | -11.44% |
| S2 | 2,483.00 | -14.70% |
| S3 | 2,427.00 | -16.63% |
6517 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 | Jun 06, 2024 | JP¥29.00 | 1.07% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Dec 07, 2023 | JP¥24.00 | 1.12% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥27.00 | 1.61% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥23.00 | 1.64% |
FAQ
Click here for our free guide on how to buy Denyo Co.,Ltd. Stock.
