SYSMEX CORPORATION Stock Forecast
SYSMEX CORPORATION stock upgraded from Strong Sell Candidate to Sell Candidate after Thursday trading session.
(Updated on Apr 18, 2024)
The SYSMEX CORPORATION stock price gained 0.430% on the last trading day (Thursday, 18th Apr 2024), rising from JP¥2,440.00 to JP¥2,450.50. During the last trading day the stock fluctuated 2.73% from a day low at JP¥2,417.50 to a day high of JP¥2,483.50. The price has fallen in 6 of the last 10 days and is down by -3.96% for this period. Volume fell on the last day by -460 thousand shares and in total, 1 million shares were bought and sold for approximately JP¥2.74 billion. 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 lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥2,338.74 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -48.28% during the next 3 months and, with a 90% probability hold a price between JP¥1,209.56 and JP¥3,422.09 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
6869.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 0.430%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The SYSMEX CORPORATION stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥2,469.86 and JP¥5,625.07. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for SYSMEX CORPORATION stock
SYSMEX CORPORATION finds support from accumulated volume at JP¥2,447.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved JP¥66.00 between high and low, or 2.73%. For the last week, the stock has had daily average volatility of 2.44%.
SYSMEX CORPORATION is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6869.T) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect SYSMEX CORPORATION to open at JP¥2,450.50, and during the day (based on 14 day Average True Range), to move between JP¥2,213.89 and JP¥2,687.11, which gives a possible trading interval of +/-JP¥236.61 (+/-9.66%) up or down from last closing price. If SYSMEX CORPORATION takes out the full calculated possible swing range there will be an estimated 19.31% 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¥2,447.50 (0.12%) than the resistance at JP¥2,468.50 (0.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SYSMEX CORPORATION stock A Buy?
SYSMEX CORPORATION holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.564 Sell Candidate Upgraded
Predicted Opening Price for SYSMEX CORPORATION of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| JP¥2,450.50 ( 0%) | JP¥2,450.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6869.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,516.50 | 2.69 % | |
| R2 | 2,491.29 | 1.66 % | ||
| R1 | 2,475.71 | 1.03 % | ||
| Current price: | 2,450.50 | |||
| Support | S1 | 2,425.29 | -1.03 % | |
| S2 | 2,409.71 | -1.66 % | ||
| S3 | 2,384.50 | -2.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,606.00 | 6.35 % | |
| R2 | 2,479.00 | 1.16 % | ||
| R1 | 2,468.50 | 0.735 % | ||
| Current price | 2,450.50 | |||
| Support | S1 | 2,447.50 | -0.122% | |
| S2 | 2,440.00 | -0.428% | ||
| S3 | 0 | . |
6869 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥2.00 | 0.0702% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥40.00 | 1.46% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥39.00 | 1.29% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥37.00 | 0.80% |
FAQ
Click here for our free guide on how to buy SYSMEX CORPORATION Stock.
