MIMAKI ENGINEERING CO.,LTD. Stock Forecast
MIMAKI ENGINEERING CO.,LTD. stock price up 0.89% on Thursday
(Updated on May 02, 2024)
The MIMAKI ENGINEERING CO.,LTD. stock price gained 0.89% on the last trading day (Thursday, 2nd May 2024), rising from JP¥1,238.00 to JP¥1,249.00. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.00% from a day low at JP¥1,233.00 to a day high of JP¥1,270.00. The price has risen in 7 of the last 10 days and is up by 11.02% 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, 160 thousand more shares were traded than the day before. In total, 236 thousand shares were bought and sold for approximately JP¥294.14 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¥1,267.72 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 25.92% during the next 3 months and, with a 90% probability hold a price between JP¥1,427.13 and JP¥1,596.27 at the end of this 3-month period.
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6638.T Signals & Forecast
Mostly positive signals in the chart today. The MIMAKI ENGINEERING 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¥1,204.00 and JP¥1,136.97. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 08, 2024, and so far it has risen 16.62%. 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 MIMAKI ENGINEERING CO.,LTD. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥1,008.00 and JP¥1,000.00. 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, MIMAKI ENGINEERING CO.,LTD. finds support just below today's level at JP¥1,008.00. If this is broken, then the next support from accumulated volume will be at JP¥1,000.00 and JP¥950.00.
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¥37.00 between high and low, or 3.00%. For the last week, the stock has had daily average volatility of 3.51%.
Our recommended stop-loss: JP¥1,189.76 (-4.74%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (6638.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect MIMAKI ENGINEERING CO.,LTD. to open at JP¥1,250.67, and during the day (based on 14 day Average True Range), to move between JP¥1,206.78 and JP¥1,291.22, which gives a possible trading interval of +/-JP¥42.22 (+/-3.38%) up or down from last closing price. If MIMAKI ENGINEERING CO.,LTD. takes out the full calculated possible swing range there will be an estimated 6.76% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥1,008.00, some JP¥241.00 (19.30%) from the current price of JP¥1,249.00, our system finds the risk reward attractive.
Is MIMAKI ENGINEERING CO.,LTD. stock A Buy?
MIMAKI ENGINEERING 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: 6.274 Strong Buy Candidate Unchanged
Predicted Opening Price for MIMAKI ENGINEERING CO.,LTD. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥1,250.67 ( 0.133%) | JP¥1,249.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6638.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,287.67 | 3.10 % | |
| R2 | 1,273.53 | 1.96 % | ||
| R1 | 1,264.80 | 1.27 % | ||
| Current price: | 1,249.00 | |||
| Support | S1 | 1,236.53 | -1.00 % | |
| S2 | 1,227.80 | -1.70 % | ||
| S3 | 1,213.67 | -2.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 1,249.00 | |||
| Support | S1 | 1,008.00 | -19.30% | |
| S2 | 1,000.00 | -19.94% | ||
| S3 | 950.00 | -23.94% |
6638 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¥10.00 | 1.52% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥7.50 | 1.11% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥7.50 | 1.06% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥7.50 | 0.751% |
FAQ
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