FUJI ELECTRIC INDUSTRY CO.,LTD. Stock Forecast
FUJI ELECTRIC INDUSTRY CO.,LTD. stock price ended at JP¥1,150.00 on Wednesday, after gaining 0.701%.
(Updated on Jun 26, 2024)
The FUJI ELECTRIC INDUSTRY CO.,LTD. stock price gained 0.701% on the last trading day (Wednesday, 26th Jun 2024), rising from JP¥1,142.00 to JP¥1,150.00. It has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 0.97% from a day low at JP¥1,139.00 to a day high of JP¥1,150.00. The price has risen in 8 of the last 10 days and is up by 2.31% 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, 2 thousand more shares were traded than the day before. In total, 13 thousand shares were bought and sold for approximately JP¥14.95 million.
Given the current horizontal trend, you can expect FUJI ELECTRIC INDUSTRY CO.,LTD. stock with a 90% probability to be traded between JP¥1,120.15 and JP¥1,163.84 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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6654.T Signals & Forecast
Mostly positive signals in the chart today. The FUJI ELECTRIC INDUSTRY 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¥1,135.14 and JP¥1,122.89. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 4.74%. 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. The stock had a Golden Star Signal on Tuesday, May 21, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Tuesday, May 21, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for FUJI ELECTRIC INDUSTRY CO.,LTD. stock
FUJI ELECTRIC INDUSTRY CO.,LTD. finds support from accumulated volume at JP¥1,126.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved JP¥11.00 between high and low, or 0.97%. For the last week the stock has had daily average volatility of 0.706%.
The FUJI ELECTRIC INDUSTRY CO.,LTD. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs. Since the FUJI ELECTRIC INDUSTRY CO.,LTD. has been rising for 7 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: JP¥1,110.67 (-3.42%) (This stock has low daily movements and this gives low risk. The RSI14 is 79 and this increases the risk substantially. There is a buy signal from a pivot bottom found 51 days ago.)
Trading Expectations (6654.T) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect FUJI ELECTRIC INDUSTRY CO.,LTD. to open at JP¥1,146.33, and during the day (based on 14 day Average True Range), to move between JP¥1,141.85 and JP¥1,158.15, which gives a possible trading interval of +/-JP¥8.15 (+/-0.71%) up or down from last closing price. If FUJI ELECTRIC INDUSTRY CO.,LTD. takes out the full calculated possible swing range there will be an estimated 1.42% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥1,126.00, some JP¥24.00 (2.09%) from the current price of JP¥1,150.00, our system finds the risk reward attractive.
Is FUJI ELECTRIC INDUSTRY CO.,LTD. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for FUJI ELECTRIC INDUSTRY CO.,LTD. stock to perform well in the short-term period.
Current score: 4.085 Buy Candidate Unchanged
Predicted Opening Price for FUJI ELECTRIC INDUSTRY CO.,LTD. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| JP¥1,146.33 ( 0.319%) | JP¥1,150.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6654.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,157.33 | 0.638% |
| R2 | 1,153.13 | 0.272% |
| R1 | 1,150.54 | 0.0466% |
| Price | 1,150.00 | |
| S1 | 1,142.13 | -0.684% |
| S2 | 1,139.54 | -0.91% |
| S3 | 1,135.33 | -1.28% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 1,150.00 | |
| S1 | 1,126.00 | -2.09% |
| S2 | 1,124.00 | -2.26% |
| S3 | 1,113.00 | -3.22% |
6654 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 30, 2024 | Jul 30, 2024 | Oct 01, 2024 | JP¥16.00 | 1.39% |
| 2 | Jan 30, 2024 | Jan 30, 2024 | Apr 25, 2024 | JP¥3.00 | 0.269% |
| 3 | Jul 28, 2023 | Jul 28, 2023 | Jul 28, 2023 | JP¥16.00 | 1.42% |
| 4 | Jan 30, 2023 | Jan 30, 2023 | Jan 30, 2023 | JP¥16.00 | 1.48% |
| 5 | Jul 28, 2022 | Jul 28, 2022 | Jul 28, 2022 | JP¥16.00 | 1.37% |
FAQ
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