ULVAC, Inc. Stock Forecast
ULVAC, Inc. stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 17, 2024)
The ULVAC, Inc. stock price fell by -0.456% on the last day (Friday, 17th May 2024) from JP¥10,970.00 to JP¥10,920.00. During the last trading day the stock fluctuated 1.90% from a day low at JP¥10,795.00 to a day high of JP¥11,000.00. The price has risen in 6 of the last 10 days and is up by 13.21% 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 -203 thousand shares and in total, 317 thousand shares were bought and sold for approximately JP¥3.46 billion.
The stock lies in the upper part of a wide and weak 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¥10,985.51 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 9.08% during the next 3 months and, with a 90% probability hold a price between JP¥10,200.00 and JP¥11,983.44 at the end of this 3-month period.
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6728.T Signals & Forecast
The ULVAC, Inc. 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¥10,282.14 and JP¥9,871.97. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Thursday, May 16, 2024, and so far it has fallen -0.456%. Further fall is indicated until a new bottom pivot has been found. 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 ULVAC, Inc. stock
ULVAC, Inc. finds support from accumulated volume at JP¥10,700.00 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¥205.00 between high and low, or 1.90%. For the last week, the stock has had daily average volatility of 3.54%.
Our recommended stop-loss: JP¥10,528.45 (-3.59%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (6728.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect ULVAC, Inc. to open at JP¥10,905.00, and during the day (based on 14 day Average True Range), to move between JP¥10,561.34 and JP¥11,278.66, which gives a possible trading interval of +/-JP¥358.66 (+/-3.28%) up or down from last closing price. If ULVAC, Inc. takes out the full calculated possible swing range there will be an estimated 6.57% 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¥10,970.00 (0.46%) than the support at JP¥10,700.00 (2.01%), 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 ULVAC, Inc. 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 ULVAC, Inc. 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: 1.449 Buy Candidate Upgraded
Predicted Opening Price for ULVAC, Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥10,905.00 ( 0.137%) | JP¥10,920.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6728.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11,110.00 | 1.74 % | |
| R2 | 11,031.69 | 1.02 % | ||
| R1 | 10,983.31 | 0.580 % | ||
| Current price: | 10,920.00 | |||
| Support | S1 | 10,826.69 | -0.85 % | |
| S2 | 10,778.31 | -1.30 % | ||
| S3 | 10,700.00 | -2.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 10,970.00 | 0.458 % | ||
| Current price | 10,920.00 | |||
| Support | S1 | 10,700.00 | -2.01% | |
| S2 | 9,763.00 | -10.60% | ||
| S3 | 9,156.00 | -16.15% |
6728 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥123.00 | 2.01% |
| 2 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥124.00 | 2.59% |
| 3 | Jun 29, 2021 | Jun 29, 2021 | Jun 29, 2021 | JP¥95.00 | 1.69% |
| 4 | Jun 29, 2020 | Jun 29, 2020 | Jun 29, 2020 | JP¥80.00 | 2.59% |
| 5 | Jun 26, 2019 | Jun 26, 2019 | Jun 26, 2019 | JP¥105.00 | 3.21% |
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