SEIKO EPSON CORPORATION Stock Forecast
SEIKO EPSON CORPORATION stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Apr 25, 2024)
The SEIKO EPSON CORPORATION stock price fell by -3.98% on the last day (Thursday, 25th Apr 2024) from JP¥2,825.00 to JP¥2,712.50. During the last trading day the stock fluctuated 3.12% from a day low at JP¥2,712.00 to a day high of JP¥2,796.50. The price has risen in 6 of the last 10 days and is up by 0.63% 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 -209 thousand shares and in total, 1 million shares were bought and sold for approximately JP¥3.88 billion.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 23.02% during the next 3 months and, with a 90% probability hold a price between JP¥3,253.90 and JP¥3,486.04 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
6724.T Signals & Forecast
The SEIKO EPSON CORPORATION 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¥2,711.21 and JP¥2,618.71. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -3.98%. 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 SEIKO EPSON CORPORATION stock
SEIKO EPSON CORPORATION finds support from accumulated volume at JP¥2,645.50 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¥84.50 between high and low, or 3.12%. For the last week the stock has had daily average volatility of 2.63%.
Our recommended stop-loss: JP¥2,566.21 (-5.39%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (6724.T) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect SEIKO EPSON CORPORATION to open at JP¥2,740.33, and during the day (based on 14 day Average True Range), to move between JP¥2,650.96 and JP¥2,774.04, which gives a possible trading interval of +/-JP¥61.54 (+/-2.27%) up or down from last closing price. If SEIKO EPSON CORPORATION takes out the full calculated possible swing range there will be an estimated 4.54% 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¥2,754.00 (1.53%) than the support at JP¥2,645.50 (2.47%), 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
SEIKO EPSON CORPORATION will release earnings BMO on Friday, April 26, 2024.The consensus among the analysts for the expected earnings (EPS) is $48.50. We will update the financials statements for SEIKO EPSON CORPORATION, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.76% in the first trading day after earnings release.
Is SEIKO EPSON CORPORATION stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for SEIKO EPSON CORPORATION stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.603 Buy Candidate Upgraded
Predicted Opening Price for SEIKO EPSON CORPORATION of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| JP¥2,740.33 ( 1.03%) | JP¥2,712.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6724.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,824.83 | 4.14 % | |
| R2 | 2,792.55 | 2.95 % | ||
| R1 | 2,772.61 | 2.22 % | ||
| Current price: | 2,712.50 | |||
| Support | S1 | 2,708.05 | -0.164 % | |
| S2 | 2,688.11 | -0.90 % | ||
| S3 | 2,655.83 | -2.09 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,825.00 | 4.15 % | |
| R2 | 2,774.50 | 2.29 % | ||
| R1 | 2,754.00 | 1.53 % | ||
| Current price | 2,712.50 | |||
| Support | S1 | 2,645.50 | -2.47% | |
| S2 | 2,421.00 | -10.75% | ||
| S3 | 2,384.00 | -12.11% |
6724 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 | 0.539% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥31.00 | 1.55% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥31.00 | 1.67% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥31.00 | 1.34% |
FAQ
Click here for our free guide on how to buy SEIKO EPSON CORPORATION Stock.
