SHIBAURA MECHATRONICS CORPORATION Stock Forecast
Red day on Wednesday for SHIBAURA MECHATRONICS CORPORATION
(Updated on May 29, 2024)
The SHIBAURA MECHATRONICS CORPORATION stock price fell by -1.28% on the last day (Wednesday, 29th May 2024) from JP¥7,050.00 to JP¥6,960.00. During the last trading day the stock fluctuated 3.63% from a day low at JP¥6,890.00 to a day high of JP¥7,140.00. The price has been going up and down for this period, and there has been a -0.29% loss for the last 2 weeks. Volume has increased on the last day by 12 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, 205 thousand shares were bought and sold for approximately JP¥1.43 billion.
The stock lies in the middle of a very 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 4.48% during the next 3 months and, with a 90% probability hold a price between JP¥6,174.22 and JP¥7,746.99 at the end of this 3-month period.
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6590.T Signals & Forecast
The SHIBAURA MECHATRONICS CORPORATION 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¥6,940.00 and JP¥6,427.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, May 20, 2024, and so far it has risen 5.14%. 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 SHIBAURA MECHATRONICS CORPORATION stock
SHIBAURA MECHATRONICS CORPORATION finds support from accumulated volume at JP¥6,820.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved JP¥250.00 between high and low, or 3.63%. For the last week, the stock has had daily average volatility of 3.32%.
Our recommended stop-loss: JP¥6,697.03 (-3.78%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (6590.T) For The Upcoming Trading Day Of Thursday 30th
For the upcoming trading day on Thursday, 30th we expect SHIBAURA MECHATRONICS CORPORATION to open at JP¥6,996.67, and during the day (based on 14 day Average True Range), to move between JP¥6,673.90 and JP¥7,246.10, which gives a possible trading interval of +/-JP¥286.10 (+/-4.11%) up or down from last closing price. If SHIBAURA MECHATRONICS CORPORATION takes out the full calculated possible swing range there will be an estimated 8.22% 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¥6,980.00 (0.29%) than the support at JP¥6,820.00 (2.01%), 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 SHIBAURA MECHATRONICS CORPORATION 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 SHIBAURA MECHATRONICS CORPORATION stock to perform well in the short-term.
Current score: 3.706 Buy Candidate Unchanged
Predicted Opening Price for SHIBAURA MECHATRONICS CORPORATION of Thursday, May 30, 2024
Fair opening price May 30, 2024 | Current price |
---|---|
JP¥6,996.67 ( 0.527%) | JP¥6,960.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6590.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7,246.67 | 4.12 % | |
R2 | 7,151.17 | 2.75 % | ||
R1 | 7,092.17 | 1.90 % | ||
Current price: | 6,960.00 | |||
Support | S1 | 6,901.17 | -0.85 % | |
S2 | 6,842.17 | -1.69 % | ||
S3 | 6,746.67 | -3.07 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7,350.00 | 5.60 % | |
R2 | 7,150.00 | 2.73 % | ||
R1 | 6,980.00 | 0.287 % | ||
Current price | 6,960.00 | |||
Support | S1 | 6,820.00 | -2.01% | |
S2 | 6,500.00 | -6.61% | ||
S3 | 6,040.00 | -13.22% |
6590 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 28, 2025 | Mar 28, 2025 | Mar 28, 2025 | JP¥0 | 0% |
2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥560.00 | 10.76% |
3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥230.00 | 8.00% |
4 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥110.00 | 5.83% |
5 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥110.00 | 13.84% |
FAQ
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