JAPAN ELEVATOR SERVICE HOLDINGS CO.,LTD. Stock Forecast
Evaluation of JAPAN ELEVATOR SERVICE HOLDINGS CO.,LTD. stock downgraded after the last trading session.
(Updated on May 09, 2024)
The JAPAN ELEVATOR SERVICE HOLDINGS CO.,LTD. stock price fell by -0.0797% on the last day (Thursday, 9th May 2024) from JP¥2,509.00 to JP¥2,507.00. During the last trading day the stock fluctuated 1.08% from a day low at JP¥2,489.00 to a day high of JP¥2,516.00. The price has risen in 6 of the last 10 days and is up by 2.7% over the past 2 weeks. Volume has increased on the last day by 3 thousand 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, 165 thousand shares were bought and sold for approximately JP¥414.41 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 9.78% during the next 3 months and, with a 90% probability hold a price between JP¥2,586.95 and JP¥2,931.37 at the end of this 3-month period.
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6544.T Signals & Forecast
The JAPAN ELEVATOR SERVICE HOLDINGS 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¥2,489.14 and JP¥2,442.49. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 9.29%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for JAPAN ELEVATOR SERVICE HOLDINGS CO.,LTD. stock
JAPAN ELEVATOR SERVICE HOLDINGS CO.,LTD. finds support from accumulated volume at JP¥2,450.00 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¥27.00 between high and low, or 1.08%. For the last week, the stock has had daily average volatility of 2.01%.
Our recommended stop-loss: JP¥2,415.96 (-3.63%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (6544.T) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect JAPAN ELEVATOR SERVICE HOLDINGS CO.,LTD. to open at JP¥2,504.00, and during the day (based on 14 day Average True Range), to move between JP¥2,443.85 and JP¥2,570.15, which gives a possible trading interval of +/-JP¥63.15 (+/-2.52%) up or down from last closing price. If JAPAN ELEVATOR SERVICE HOLDINGS CO.,LTD. takes out the full calculated possible swing range there will be an estimated 5.04% 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¥2,509.00 (0.08%) than the support at JP¥2,450.00 (2.27%), 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.
Earnings coming up
JAPAN ELEVATOR SERVICE HOLDINGS CO.,LTD. will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for JAPAN ELEVATOR SERVICE HOLDINGS CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.70% in the first trading day after earnings release.
Is JAPAN ELEVATOR SERVICE HOLDINGS 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 JAPAN ELEVATOR SERVICE HOLDINGS CO.,LTD. stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 4.010 Buy Candidate Downgraded
Predicted Opening Price for JAPAN ELEVATOR SERVICE HOLDINGS CO.,LTD. of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| JP¥2,504.00 ( 0.120%) | JP¥2,507.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6544.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,531.00 | 0.96 % | |
| R2 | 2,520.69 | 0.546 % | ||
| R1 | 2,514.31 | 0.292 % | ||
| Current price: | 2,507.00 | |||
| Support | S1 | 2,493.69 | -0.531 % | |
| S2 | 2,487.31 | -0.785 % | ||
| S3 | 2,477.00 | -1.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,541.00 | 1.36 % | |
| R2 | 2,521.00 | 0.558 % | ||
| R1 | 2,509.00 | 0.0798 % | ||
| Current price | 2,507.00 | |||
| Support | S1 | 2,450.00 | -2.27% | |
| S2 | 2,405.00 | -4.07% | ||
| S3 | 2,157.00 | -13.96% |
6544 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¥17.00 | 0.798% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥14.00 | 0.82% |
| 4 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥12.00 | 0.501% |
| 5 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥9.00 | 0.735% |
FAQ
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