W-SCOPE Corporation Stock Forecast
W-SCOPE Corporation stock upgraded to Hold/Accumulate.
(Updated on May 02, 2024)
The W-SCOPE Corporation stock price fell by -1.16% on the last day (Thursday, 2nd May 2024) from JP¥519.00 to JP¥513.00. During the last trading day the stock fluctuated 2.55% from a day low at JP¥510.00 to a day high of JP¥523.00. The price has risen in 5 of the last 10 days and is up by 5.34% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -175 thousand shares and in total, 550 thousand shares were bought and sold for approximately JP¥282.05 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -36.95% during the next 3 months and, with a 90% probability hold a price between JP¥269.49 and JP¥345.68 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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6619.T Signals & Forecast
There are mixed signals in the stock today. The W-SCOPE Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥513.14 and JP¥544.00. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 8.92%. 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).
Support, Risk & Stop-loss for W-SCOPE Corporation stock
W-SCOPE Corporation finds support from accumulated volume at JP¥503.00 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¥13.00 between high and low, or 2.55%. For the last week, the stock has had daily average volatility of 3.36%.
Our recommended stop-loss: JP¥491.45 (-4.20%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (6619.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect W-SCOPE Corporation to open at JP¥515.33, and during the day (based on 14 day Average True Range), to move between JP¥491.56 and JP¥534.44, which gives a possible trading interval of +/-JP¥21.44 (+/-4.18%) up or down from last closing price. If W-SCOPE Corporation takes out the full calculated possible swing range there will be an estimated 8.36% 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¥520.00 (1.36%) than the support at JP¥503.00 (1.95%), 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
W-SCOPE Corporation will release earnings BMO on Thursday, May 09, 2024. We will update the financials statements for W-SCOPE Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.87% in the first trading day after earnings release.
Is W-SCOPE Corporation stock A Buy?
W-SCOPE Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.406 Hold/Accumulate Upgraded
Predicted Opening Price for W-SCOPE Corporation of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥515.33 ( 0.455%) | JP¥513.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6619.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 528.33 | 2.99 % | |
| R2 | 523.37 | 2.02 % | ||
| R1 | 520.30 | 1.42 % | ||
| Current price: | 513.00 | |||
| Support | S1 | 510.37 | -0.513 % | |
| S2 | 507.30 | -1.11 % | ||
| S3 | 502.33 | -2.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 574.00 | 11.89 % | |
| R2 | 550.00 | 7.21 % | ||
| R1 | 520.00 | 1.36 % | ||
| Current price | 513.00 | |||
| Support | S1 | 503.00 | -1.95% | |
| S2 | 495.00 | -3.51% | ||
| S3 | 471.00 | -8.19% |
6619 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | JP¥2.50 | 0.239% |
| 2 | Dec 26, 2018 | Dec 26, 2018 | Dec 26, 2018 | JP¥2.50 | 0.248% |
| 3 | Dec 27, 2017 | Dec 27, 2017 | Dec 27, 2017 | JP¥2.50 | 0.106% |
| 4 | Dec 28, 2016 | Dec 28, 2016 | Dec 28, 2016 | JP¥2.50 | 0.140% |
| 5 | Dec 28, 2015 | Dec 28, 2015 | Dec 28, 2015 | JP¥2.50 | 0.117% |
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