Foster Electric Company,Limited Stock Forecast
Red day on Friday for Foster Electric Company,Limited stock after losing 1.07%
(Updated on Jun 21, 2024)
The Foster Electric Company,Limited stock price fell by -1.07% on the last day (Friday, 21st Jun 2024) from JP¥1,770.00 to JP¥1,751.00. During the last trading day the stock fluctuated 3.80% from a day low at JP¥1,737.00 to a day high of JP¥1,803.00. The price has risen in 6 of the last 10 days and is up by 3.36% over the past 2 weeks. Volume has increased on the last day by 181 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 342 thousand shares were bought and sold for approximately JP¥599.54 million.
The stock lies in the middle of a very wide and 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 52.99% during the next 3 months and, with a 90% probability hold a price between JP¥2,291.46 and JP¥2,906.86 at the end of this 3-month period.
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6794.T Signals & Forecast
The Foster Electric Company,Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥1,778.43. On a fall, the stock will find some support from the long-term average at approximately JP¥1,528.63. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Friday, June 14, 2024, and so far it has fallen -5.20%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Foster Electric Company,Limited stock
Foster Electric Company,Limited finds support from accumulated volume at JP¥1,681.00 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¥66.00 between high and low, or 3.80%. For the last week, the stock has had daily average volatility of 3.26%.
Our recommended stop-loss: JP¥1,665.55 (-4.88%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 42 days ago.)
Trading Expectations (6794.T) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Foster Electric Company,Limited to open at JP¥1,763.67, and during the day (based on 14 day Average True Range), to move between JP¥1,678.71 and JP¥1,823.29, which gives a possible trading interval of +/-JP¥72.29 (+/-4.13%) up or down from last closing price. If Foster Electric Company,Limited takes out the full calculated possible swing range there will be an estimated 8.26% 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¥1,784.00 (1.88%) than the support at JP¥1,681.00 (4.00%), 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 Foster Electric Company,Limited stock A Buy?
Foster Electric Company,Limited 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.
Current score: -0.060 Hold/Accumulate Unchanged
Predicted Opening Price for Foster Electric Company,Limited of Monday, June 24, 2024
Fair opening price June 24, 2024 | Current price |
---|---|
JP¥1,763.67 ( 0.723%) | JP¥1,751.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6794.T
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1,829.67 | 4.49% |
R2 | 1,804.45 | 3.05% |
R1 | 1,788.88 | 2.16% |
Price | 1,751.00 | |
S1 | 1,738.45 | -0.716% |
S2 | 1,722.88 | -1.61% |
S3 | 1,697.67 | -3.05% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1,847.00 | 5.48% |
R2 | 1,789.00 | 2.17% |
R1 | 1,784.00 | 1.88% |
Price | 1,751.00 | |
S1 | 1,681.00 | -4.00% |
S2 | 1,680.00 | -4.05% |
S3 | 1,342.00 | -23.36% |
6794 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
2 | Mar 28, 2024 | Mar 28, 2024 | Jun 27, 2024 | JP¥15.00 | 0% |
3 | Sep 28, 2023 | Sep 28, 2023 | Dec 06, 2023 | JP¥10.00 | 0% |
4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥10.00 | 0% |
5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥10.00 | 0% |
FAQ
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