Obara Group Incorporated Stock Forecast
Obara Group Incorporated stock price ended at JP¥4,140.00 on Friday, after losing 0.361%.
(Updated on May 17, 2024)
The Obara Group Incorporated stock price fell by -0.361% on the last day (Friday, 17th May 2024) from JP¥4,155.00 to JP¥4,140.00. During the last trading day the stock fluctuated 2.46% from a day low at JP¥4,060.00 to a day high of JP¥4,160.00. The price has fallen in 6 of the last 10 days and is down by -0.24% 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 -7 thousand shares and in total, 18 thousand shares were bought and sold for approximately JP¥72.86 million.
The stock lies in the middle of a narrow 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 16.56% during the next 3 months and, with a 90% probability hold a price between JP¥4,776.09 and JP¥4,984.46 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.
6877.T Signals & Forecast
The Obara Group Incorporated 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¥4,177.14. On a fall, the stock will find some support from the long-term average at approximately JP¥4,090.86. 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. 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. A sell signal was issued from a pivot top point on Friday, May 10, 2024, and so far it has fallen -2.01%. 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 Obara Group Incorporated stock
Obara Group Incorporated finds support from accumulated volume at JP¥4,040.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved JP¥100.00 between high and low, or 2.46%. For the last week the stock has had daily average volatility of 2.17%.
Our recommended stop-loss: JP¥3,951.90 (-4.54%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (6877.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Obara Group Incorporated to open at JP¥4,120.00, and during the day (based on 14 day Average True Range), to move between JP¥4,047.52 and JP¥4,232.48, which gives a possible trading interval of +/-JP¥92.48 (+/-2.23%) up or down from last closing price. If Obara Group Incorporated takes out the full calculated possible swing range there will be an estimated 4.47% 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¥4,175.00 (0.85%) than the support at JP¥4,040.00 (2.42%), 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 Obara Group Incorporated stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Obara Group Incorporated stock to perform well in the short-term.
Current score: 2.667 Buy Candidate Unchanged
Predicted Opening Price for Obara Group Incorporated of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥4,120.00 ( 0.483%) | JP¥4,140.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6877.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,220.00 | 1.93 % | |
| R2 | 4,181.80 | 1.01 % | ||
| R1 | 4,158.20 | 0.440 % | ||
| Current price: | 4,140.00 | |||
| Support | S1 | 4,081.80 | -1.41 % | |
| S2 | 4,058.20 | -1.98 % | ||
| S3 | 4,020.00 | -2.90 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,225.00 | 2.05 % | |
| R2 | 4,190.00 | 1.21 % | ||
| R1 | 4,175.00 | 0.85 % | ||
| Current price | 4,140.00 | |||
| Support | S1 | 4,040.00 | -2.42% | |
| S2 | 4,035.00 | -2.54% | ||
| S3 | 3,750.00 | -9.42% |
6877 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 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥60.00 | 1.53% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥90.00 | 2.81% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥40.00 | 1.33% |
FAQ
Click here for our free guide on how to buy Obara Group Incorporated Stock.
