JAPAN ELEVATOR SERVICE HOLDINGS CO.,LTD. Stock Forecast
Stronger technical forecast for JAPAN ELEVATOR SERVICE HOLDINGS CO.,LTD. stock price after Friday trading.
(Updated on May 17, 2024)
The JAPAN ELEVATOR SERVICE HOLDINGS CO.,LTD. stock price gained 3.79% on the last trading day (Friday, 17th May 2024), rising from JP¥2,640.00 to JP¥2,740.00. During the last trading day the stock fluctuated 6.30% from a day low at JP¥2,621.00 to a day high of JP¥2,786.00. The price has risen in 5 of the last 10 days and is up by 11.47% 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, 146 thousand more shares were traded than the day before. In total, 324 thousand shares were bought and sold for approximately JP¥886.66 million.
The stock has broken the wide and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at JP¥2,693.12, a level that may pose a second chance to hit a runner. According to fan-theory JP¥3,005.90 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
6544.T Signals & Forecast
Mostly positive signals in the chart today. 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¥2,585.57 and JP¥2,460.43. 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 19.44%. 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 JAPAN ELEVATOR SERVICE HOLDINGS CO.,LTD. stock
JAPAN ELEVATOR SERVICE HOLDINGS CO.,LTD. finds support from accumulated volume at JP¥2,685.00 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¥165.00 between high and low, or 6.30%. For the last week, the stock has had daily average volatility of 4.57%.
Our recommended stop-loss: JP¥2,596.12 (-5.25%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (6544.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect JAPAN ELEVATOR SERVICE HOLDINGS CO.,LTD. to open at JP¥2,715.67, and during the day (based on 14 day Average True Range), to move between JP¥2,651.63 and JP¥2,828.37, which gives a possible trading interval of +/-JP¥88.37 (+/-3.23%) 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 6.45% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥2,685.00, some JP¥55.00 (2.01%) from the current price of JP¥2,740.00, our system finds the risk reward attractive.
Is JAPAN ELEVATOR SERVICE HOLDINGS CO.,LTD. stock A Buy?
JAPAN ELEVATOR SERVICE HOLDINGS CO.,LTD. holds several positive signals and has broken the weak rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.744 Strong Buy Candidate Upgraded
Predicted Opening Price for JAPAN ELEVATOR SERVICE HOLDINGS CO.,LTD. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥2,715.67 ( 0.89%) | JP¥2,740.00 |
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 | 2,880.67 | 5.13 % | |
| R2 | 2,817.64 | 2.83 % | ||
| R1 | 2,778.70 | 1.41 % | ||
| Current price: | 2,740.00 | |||
| Support | S1 | 2,652.64 | -3.19 % | |
| S2 | 2,613.70 | -4.61 % | ||
| S3 | 2,550.67 | -6.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 2,740.00 | |||
| Support | S1 | 2,685.00 | -2.01% | |
| S2 | 2,509.00 | -8.43% | ||
| S3 | 2,405.00 | -12.23% |
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
Click here for our free guide on how to buy JAPAN ELEVATOR SERVICE HOLDINGS CO.,LTD. Stock.
