IKEGAMI TSUSHINKI CO.,LTD. Stock Forecast
Green day on Tuesday for IKEGAMI TSUSHINKI CO.,LTD. stock after gaining 0.490%
(Updated on Jul 02, 2024)
The IKEGAMI TSUSHINKI CO.,LTD. stock price gained 0.490% on the last trading day (Tuesday, 2nd Jul 2024), rising from JP¥817.00 to JP¥821.00. During the last trading day the stock fluctuated 1.23% from a day low at JP¥815.00 to a day high of JP¥825.00. The price has risen in 6 of the last 10 days and is up by 5.39% over the past 2 weeks. Volume fell on the last day by -9 thousand shares and in total, 17 thousand shares were bought and sold for approximately JP¥14.04 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. JP¥791.39 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach JP¥834.49 sometime during the next 3 months.
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6771.T Signals & Forecast
Mostly positive signals in the chart today. The IKEGAMI TSUSHINKI 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¥814.14 and JP¥781.54. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 10.05%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
A buy signal from a double bottom formation was found on Thursday, May 30, 2024 and based on theory for this formation the price should go up by 0.730% to JP¥827.00 within 21 trading days since signal was issued (Friday, June 28, 2024).
Support, Risk & Stop-loss for IKEGAMI TSUSHINKI CO.,LTD. stock
IKEGAMI TSUSHINKI CO.,LTD. finds support from accumulated volume at JP¥819.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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¥10.00 (1.23%) between high and low. For the last week, the stock has had daily average volatility of 1.29%.
Our recommended stop-loss: JP¥795.38 (-3.12%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 34 days ago.)
Trading Expectations (6771.T) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect IKEGAMI TSUSHINKI CO.,LTD. to open at JP¥820.33, and during the day (based on 14 day Average True Range), to move between JP¥807.53 and JP¥834.47, which gives a possible trading interval of +/-JP¥13.47 (+/-1.64%) up or down from last closing price. If IKEGAMI TSUSHINKI CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.28% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥819.00, some JP¥2.00 (0.24%) from the current price of JP¥821.00, our system finds the risk reward attractive.
Is IKEGAMI TSUSHINKI CO.,LTD. stock A Buy?
Several short-term signals are positive and the stock has broken the horizontal trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for IKEGAMI TSUSHINKI CO.,LTD. stock to perform well in the short-term period.
Current score: 4.248 Buy Candidate Unchanged
Predicted Opening Price for IKEGAMI TSUSHINKI CO.,LTD. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| JP¥820.33 ( 0.0812%) | JP¥821.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6771.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 830.33 | 1.14% |
| R2 | 826.51 | 0.672% |
| R1 | 824.15 | 0.384% |
| Price | 821.00 | |
| S1 | 816.51 | -0.546% |
| S2 | 814.15 | -0.83% |
| S3 | 810.33 | -1.30% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 821.00 | |
| S1 | 819.00 | -0.244% |
| S2 | 768.00 | -6.46% |
| S3 | 747.00 | -9.01% |
6771 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2025 | Mar 28, 2025 | Mar 28, 2025 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 06, 2024 | JP¥30.00 | 3.87% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥10.00 | 1.59% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥10.00 | 1.56% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥15.00 | 1.68% |
FAQ
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