SAXA Holdings,Inc. Stock Forecast
SAXA Holdings,Inc. stock price fell more than -6.53% Thursday closing at JP¥3,005.00
(Updated on Mar 28, 2024)
The SAXA Holdings,Inc. stock price fell by -6.53% on the last day (Thursday, 28th Mar 2024) from JP¥3,215.00 to JP¥3,005.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.90% from a day low at JP¥2,998.00 to a day high of JP¥3,085.00. The price has been going up and down for this period, and there has been a -2.75% 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 -14 thousand shares and in total, 31 thousand shares were bought and sold for approximately JP¥93.16 million.
Given the current short-term trend, the stock is expected to rise 29.29% during the next 3 months and, with a 90% probability hold a price between JP¥3,885.07 and JP¥4,754.24 at the end of this 3-month period.
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6675.T Signals & Forecast
There are few to no technical positive signals at the moment. The SAXA Holdings,Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥3,200.00 and JP¥3,153.26. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, February 28, 2024, and so far it has fallen -11.23%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for SAXA Holdings,Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥2,795.00 and JP¥2,671.00. 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, SAXA Holdings,Inc. finds support just below today's level at JP¥2,795.00. If this is broken, then the next support from accumulated volume will be at JP¥2,671.00 and JP¥2,627.00.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥87.00 (2.90%) between high and low. For the last week, the stock has had daily average volatility of 2.55%.
Our recommended stop-loss: JP¥2,876.39 (-4.28%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (6675.T) For The Upcoming Trading Day Of Friday 29th
For the upcoming trading day on Friday, 29th we expect SAXA Holdings,Inc. to open at JP¥3,029.33, and during the day (based on 14 day Average True Range), to move between JP¥2,904.58 and JP¥3,105.42, which gives a possible trading interval of +/-JP¥100.42 (+/-3.34%) up or down from last closing price. If SAXA Holdings,Inc. takes out the full calculated possible swing range there will be an estimated 6.68% 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¥3,130.00 (4.16%) than the support at JP¥2,795.00 (6.99%), 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 SAXA Holdings,Inc. stock A Buy?
SAXA Holdings,Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.906 Hold/Accumulate Downgraded
Predicted Opening Price for SAXA Holdings,Inc. of Friday, March 29, 2024
Fair opening price March 29, 2024 | Current price |
---|---|
JP¥3,029.33 ( 0.81%) | JP¥3,005.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6675.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3,116.33 | 3.70 % | |
R2 | 3,083.10 | 2.60 % | ||
R1 | 3,062.57 | 1.92 % | ||
Current price: | 3,005.00 | |||
Support | S1 | 2,996.10 | -0.296 % | |
S2 | 2,975.57 | -0.98 % | ||
S3 | 2,942.33 | -2.09 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3,200.00 | 6.49 % | |
R2 | 3,170.00 | 5.49 % | ||
R1 | 3,130.00 | 4.16 % | ||
Current price | 3,005.00 | |||
Support | S1 | 2,795.00 | -6.99% | |
S2 | 2,671.00 | -11.11% | ||
S3 | 2,627.00 | -12.58% |
6675 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥35.00 | 1.94% |
2 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥30.00 | 1.94% |
3 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥30.00 | 1.90% |
4 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥55.00 | 3.69% |
5 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥50.00 | 2.82% |
FAQ
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