ONO SOKKI Co.,Ltd. Stock Forecast
Green day on Thursday for ONO SOKKI Co.,Ltd. stock after gaining 0.303%
(Updated on May 02, 2024)
The ONO SOKKI Co.,Ltd. stock price gained 0.303% on the last trading day (Thursday, 2nd May 2024), rising from JP¥661.00 to JP¥663.00. During the last trading day the stock fluctuated 1.21% from a day low at JP¥659.00 to a day high of JP¥667.00. The price has risen in 6 of the last 10 days and is up by 0.15% over the past 2 weeks. Volume fell on the last day by -16 thousand shares and in total, 48 thousand shares were bought and sold for approximately JP¥31.49 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 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 37.74% during the next 3 months and, with a 90% probability hold a price between JP¥867.31 and JP¥1,093.34 at the end of this 3-month period.
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6858.T Signals & Forecast
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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ONO SOKKI Co.,Ltd. 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¥673.14 and JP¥664.71. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 29, 2024, and so far it has fallen -6.49%. 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).
Support, Risk & Stop-loss for ONO SOKKI Co.,Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥579.00 and JP¥577.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, ONO SOKKI Co.,Ltd. finds support just below today's level at JP¥579.00. If this is broken, then the next support from accumulated volume will be at JP¥577.00 and JP¥518.00.
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¥8.00 (1.21%) between high and low. For the last week, the stock has had daily average volatility of 3.56%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6858.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect ONO SOKKI Co.,Ltd. to open at JP¥663.00, and during the day (based on 14 day Average True Range), to move between JP¥638.12 and JP¥687.88, which gives a possible trading interval of +/-JP¥24.88 (+/-3.75%) up or down from last closing price. If ONO SOKKI Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 7.51% 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¥665.00 (0.30%) than the support at JP¥579.00 (12.67%), 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 ONO SOKKI Co.,Ltd. stock A Buy?
The ONO SOKKI Co.,Ltd. stock holds several negative signals and despite the positive trend, we believe ONO SOKKI Co.,Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.979 Sell Candidate Unchanged
Predicted Opening Price for ONO SOKKI Co.,Ltd. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥663.00 ( 0%) | JP¥663.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6858.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 671.00 | 1.21 % | |
| R2 | 667.94 | 0.746 % | ||
| R1 | 666.06 | 0.461 % | ||
| Current price: | 663.00 | |||
| Support | S1 | 659.94 | -0.461 % | |
| S2 | 658.06 | -0.746 % | ||
| S3 | 655.00 | -1.21 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 703.00 | 6.03 % | |
| R2 | 681.00 | 2.71 % | ||
| R1 | 665.00 | 0.302 % | ||
| Current price | 663.00 | |||
| Support | S1 | 579.00 | -12.67% | |
| S2 | 577.00 | -12.97% | ||
| S3 | 518.00 | -21.87% |
6858 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jun 27, 2024 | JP¥0 | 0% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥5.00 | 1.11% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥5.00 | 1.28% |
| 4 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥5.00 | 1.02% |
| 5 | Jun 29, 2021 | Jun 29, 2021 | Jun 29, 2021 | JP¥5.00 | 0.87% |
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