SEIWA ELECTRIC MFG. CO.,LTD. Stock Forecast
SEIWA ELECTRIC MFG. CO.,LTD. stock upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on Jun 26, 2024)
The SEIWA ELECTRIC MFG. CO.,LTD. stock price gained 1.94% on the last trading day (Wednesday, 26th Jun 2024), rising from JP¥568.00 to JP¥579.00. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.93% from a day low at JP¥570.00 to a day high of JP¥581.00. The price has risen in 7 of the last 10 days and is up by 3.21% 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, 14 thousand more shares were traded than the day before. In total, 26 thousand shares were bought and sold for approximately JP¥14.76 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 -2.08% during the next 3 months and, with a 90% probability hold a price between JP¥535.49 and JP¥595.14 at the end of this 3-month period.
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6748.T Signals & Forecast
Mostly positive signals in the chart today. The SEIWA ELECTRIC MFG. CO.,LTD. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥564.14 and JP¥568.69. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 05, 2024, and so far it has risen 5.27%. 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.
Support, Risk & Stop-loss for SEIWA ELECTRIC MFG. CO.,LTD. stock
SEIWA ELECTRIC MFG. CO.,LTD. finds support from accumulated volume at JP¥576.00 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 1.93%. For the last week the stock has had daily average volatility of 1.43%.
Our recommended stop-loss: JP¥557.92 (-3.64%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 49 days ago.)
Trading Expectations (6748.T) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect SEIWA ELECTRIC MFG. CO.,LTD. to open at JP¥576.67, and during the day (based on 14 day Average True Range), to move between JP¥567.16 and JP¥590.84, which gives a possible trading interval of +/-JP¥11.84 (+/-2.04%) up or down from last closing price. If SEIWA ELECTRIC MFG. CO.,LTD. takes out the full calculated possible swing range there will be an estimated 4.09% 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¥582.00 (0.52%) than the support at JP¥576.00 (0.52%), 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 SEIWA ELECTRIC MFG. CO.,LTD. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for 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: 1.525 Buy Candidate Upgraded
Predicted Opening Price for SEIWA ELECTRIC MFG. CO.,LTD. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| JP¥576.67 ( 0.403%) | JP¥579.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6748.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 587.67 | 1.50% |
| R2 | 583.46 | 0.771% |
| R1 | 580.87 | 0.323% |
| Price | 579.00 | |
| S1 | 572.46 | -1.13% |
| S2 | 569.87 | -1.58% |
| S3 | 565.67 | -2.30% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 607.00 | 4.84% |
| R2 | 587.00 | 1.38% |
| R1 | 582.00 | 0.518% |
| Price | 579.00 | |
| S1 | 576.00 | -0.518% |
| S2 | 564.00 | -2.59% |
| S3 | 560.00 | -3.28% |
6748 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2024 | Dec 27, 2024 | Dec 27, 2024 | JP¥0 | 0% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Mar 14, 2024 | JP¥18.00 | 3.44% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥15.00 | 3.49% |
| 4 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥15.00 | 2.94% |
| 5 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | JP¥10.00 | 1.51% |
FAQ
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