DAI-ICHI SEIKO CO.,LTD. Stock Forecast
DAI-ICHI SEIKO CO.,LTD. stock upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Apr 25, 2024)
The DAI-ICHI SEIKO CO.,LTD. stock price fell by -0.582% on the last day (Thursday, 25th Apr 2024) from JP¥1,718.00 to JP¥1,708.00. During the last trading day the stock fluctuated 1.35% from a day low at JP¥1,704.00 to a day high of JP¥1,727.00. The price has been going up and down for this period, and there has been a -0.12% loss for the last 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 -7 thousand shares and in total, 28 thousand shares were bought and sold for approximately JP¥48.17 million.
The stock lies in the middle of a 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 -4.94% during the next 3 months and, with a 90% probability hold a price between JP¥1,502.90 and JP¥1,762.93 at the end of this 3-month period.
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6640.T Signals & Forecast
There are mixed signals in the stock today. The DAI-ICHI SEIKO CO.,LTD. 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¥1,709.00 and JP¥1,751.34. 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 Tuesday, April 23, 2024, and so far it has risen 1.91%. 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).
A sell signal from a double top formation was found on Wednesday, March 06, 2024 with a target of JP¥1,731.00. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for DAI-ICHI SEIKO CO.,LTD. stock
DAI-ICHI SEIKO CO.,LTD. finds support from accumulated volume at JP¥1,657.00 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¥23.00 between high and low, or 1.35%. For the last week, the stock has had daily average volatility of 3.33%.
Our recommended stop-loss: JP¥1,619.65 (-5.17%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (6640.T) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect DAI-ICHI SEIKO CO.,LTD. to open at JP¥1,713.00, and during the day (based on 14 day Average True Range), to move between JP¥1,647.80 and JP¥1,768.20, which gives a possible trading interval of +/-JP¥60.20 (+/-3.52%) up or down from last closing price. If DAI-ICHI SEIKO CO.,LTD. takes out the full calculated possible swing range there will be an estimated 7.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥1,657.00 (2.99%) than the resistance at JP¥1,794.00 (5.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is DAI-ICHI SEIKO CO.,LTD. stock A Buy?
DAI-ICHI SEIKO CO.,LTD. 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: 0.546 Hold/Accumulate Upgraded
Predicted Opening Price for DAI-ICHI SEIKO CO.,LTD. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| JP¥1,713.00 ( 0.293%) | JP¥1,708.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6640.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,736.00 | 1.64 % | |
| R2 | 1,727.21 | 1.12 % | ||
| R1 | 1,721.79 | 0.81 % | ||
| Current price: | 1,708.00 | |||
| Support | S1 | 1,704.21 | -0.222 % | |
| S2 | 1,698.79 | -0.539 % | ||
| S3 | 1,690.00 | -1.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,909.00 | 11.77 % | |
| R2 | 1,845.00 | 8.02 % | ||
| R1 | 1,794.00 | 5.04 % | ||
| Current price | 1,708.00 | |||
| Support | S1 | 1,657.00 | -2.99% | |
| S2 | 1,641.00 | -3.92% | ||
| S3 | 1,628.00 | -4.68% |
6640 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jun 27, 2024 | JP¥0 | 0% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥20.00 | 1.47% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥20.00 | 1.70% |
| 4 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥20.00 | 1.56% |
| 5 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥35.00 | 1.79% |
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