JAPAN ELECTRONIC MATERIALS CORPORATION Stock Forecast
Evaluation of JAPAN ELECTRONIC MATERIALS CORPORATION stock downgraded after the last trading session.
(Updated on Jul 02, 2024)
The JAPAN ELECTRONIC MATERIALS CORPORATION stock price fell by -1.85% on the last day (Tuesday, 2nd Jul 2024) from JP¥3,515.00 to JP¥3,450.00. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 4.24% from a day low at JP¥3,420.00 to a day high of JP¥3,565.00. The price has fallen in 7 of the last 10 days and is down by -1.85% for this period. 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 -102 thousand shares and in total, 157 thousand shares were bought and sold for approximately JP¥541.65 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥3,348.32 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 41.08% during the next 3 months and, with a 90% probability hold a price between JP¥4,723.75 and JP¥6,183.52 at the end of this 3-month period.
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6855.T Signals & Forecast
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. The JAPAN ELECTRONIC MATERIALS CORPORATION stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥3,570.71 and JP¥3,509.71. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 28, 2024, and so far it has fallen -10.62%. 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 JAPAN ELECTRONIC MATERIALS CORPORATION stock
JAPAN ELECTRONIC MATERIALS CORPORATION finds support from accumulated volume at JP¥3,430.00 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¥145.00 between high and low, or 4.24%. For the last week, the stock has had daily average volatility of 5.09%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6855.T) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect JAPAN ELECTRONIC MATERIALS CORPORATION to open at JP¥3,478.33, and during the day (based on 14 day Average True Range), to move between JP¥3,249.41 and JP¥3,650.59, which gives a possible trading interval of +/-JP¥200.59 (+/-5.81%) up or down from last closing price. If JAPAN ELECTRONIC MATERIALS CORPORATION takes out the full calculated possible swing range there will be an estimated 11.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥3,430.00 (0.58%) than the resistance at JP¥3,550.00 (2.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is JAPAN ELECTRONIC MATERIALS CORPORATION stock A Buy?
The JAPAN ELECTRONIC MATERIALS CORPORATION stock holds several negative signals and despite the positive trend, we believe JAPAN ELECTRONIC MATERIALS CORPORATION will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -4.143 Sell Candidate Downgraded
Predicted Opening Price for JAPAN ELECTRONIC MATERIALS CORPORATION of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| JP¥3,478.33 ( 0.82%) | JP¥3,450.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6855.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,623.33 | 5.02% |
| R2 | 3,567.94 | 3.42% |
| R1 | 3,533.72 | 2.43% |
| Price | 3,450.00 | |
| S1 | 3,422.94 | -0.784% |
| S2 | 3,388.72 | -1.78% |
| S3 | 3,333.33 | -3.38% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,840.00 | 11.30% |
| R2 | 3,690.00 | 6.96% |
| R1 | 3,550.00 | 2.90% |
| Price | 3,450.00 | |
| S1 | 3,430.00 | -0.580% |
| S2 | 3,060.00 | -11.30% |
| S3 | 2,924.00 | -15.25% |
6855 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 11, 2024 | JP¥20.00 | 0.603% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Dec 01, 2023 | JP¥20.00 | 1.29% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥20.00 | 1.32% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥20.00 | 1.49% |
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