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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of 6877.T
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Weaker technical forecast for Obara Group Incorporated as stock downgraded to Strong Sell Candidate.
(Updated on Jun 25, 2024)

Sell candidate since Jun 24, 2024 Gain 0.72% PDF

The Obara Group Incorporated stock price gained 0.725% on the last trading day (Tuesday, 25th Jun 2024), rising from JP¥4,140.00 to JP¥4,170.00. During the last trading day the stock fluctuated 1.21% from a day low at JP¥4,140.00 to a day high of JP¥4,190.00. The price has risen in 5 of the last 10 days and is up by 0.72% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 22 thousand shares were bought and sold for approximately JP¥89.66 million.

The stock lies in the middle of a weak 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 6.21% during the next 3 months and, with a 90% probability hold a price between JP¥4,286.20 and JP¥4,553.31 at the end of this 3-month period.

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6877.T Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Obara Group Incorporated 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¥4,211.43 and JP¥4,177.43. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -2.46%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Obara Group Incorporated stock

Obara Group Incorporated finds support from accumulated volume at JP¥4,110.00 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¥50.00 between high and low, or 1.21%. For the last week the stock has had daily average volatility of 1.55%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (6877.T) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Obara Group Incorporated to open at JP¥4,166.67, and during the day (based on 14 day Average True Range), to move between JP¥4,096.73 and JP¥4,243.27, which gives a possible trading interval of +/-JP¥73.27 (+/-1.76%) up or down from last closing price. If Obara Group Incorporated takes out the full calculated possible swing range there will be an estimated 3.51% 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¥4,175.00 (0.12%) than the support at JP¥4,110.00 (1.44%), 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?

The Obara Group Incorporated stock holds several negative signals and despite the positive trend, we believe Obara Group Incorporated 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 Sell to a Strong Sell candidate.

Current score: -5.233 Strong Sell Candidate Downgraded

Predicted Opening Price for Obara Group Incorporated of Wednesday, June 26, 2024

Fair opening price June 26, 2024 Current price
JP¥4,166.67 ( 0.0799%) JP¥4,170.00

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
R3 4,216.67 1.12%
R2 4,197.57 0.661%
R1 4,185.77 0.378%
Price 4,170.00
S1 4,147.57 -0.538%
S2 4,135.77 -0.82%
S3 4,116.67 -1.28%

Accumulated Volume Support & Resistance Levels

Level Price
R3 4,225.00 1.32%
R2 4,190.00 0.480%
R1 4,175.00 0.120%
Price 4,170.00
S1 4,110.00 -1.44%
S2 4,040.00 -3.12%
S3 4,035.00 -3.24%

6877 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Sep 27, 2024 Sep 27, 2024 Dec 01, 2024 JP¥90.00 2.16%
2 Mar 28, 2024 Mar 28, 2024 Jun 03, 2024 JP¥60.00 1.42%
3 Sep 28, 2023 Sep 28, 2023 Dec 20, 2023 JP¥90.00 2.42%
4 Mar 30, 2023 Mar 30, 2023 Mar 30, 2023 JP¥60.00 1.53%
5 Sep 29, 2022 Sep 29, 2022 Sep 29, 2022 JP¥90.00 2.81%

FAQ

What is the symbol for Obara Group Incorporated Stock and on which exchange is it traded?
The symbol for Obara Group Incorporated is 6877.T and it is traded on the TYO (Tokyo Stock Exchange).

Should I buy or sell Obara Group Incorporated Stock?
The Obara Group Incorporated stock holds several negative signals and despite the positive trend, we believe Obara Group Incorporated 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 Sell to a Strong Sell candidate.

How to buy Obara Group Incorporated Stock?
Obara Group Incorporated Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Obara Group Incorporated Stock.

What's the current price of Obara Group Incorporated Stock?
As of the end of day on the Jun 25, 2024, the price of an Obara Group Incorporated (6877.T) share was JP¥4,170.00.

What is the 52-week high and low for Obara Group Incorporated Stock?
The 52-week high for Obara Group Incorporated Stock is JP¥4,300.00 and the 52-week low is JP¥3,485.00.

What is the market capitalization of Obara Group Incorporated Stock?
As of the Jun 25, 2024, the market capitalization of Obara Group Incorporated is 67.294B.

When is the next earnings date for Obara Group Incorporated?
The upcoming earnings date for Obara Group Incorporated is Aug 02, 2024.
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About Obara Group Incorporated

Obara Group Incorporated engages in the manufacture and sale of resistance welder, arc welder, laser equipment, polisher, cleaner/washer, and the consumables in Japan and internationally. The company offers resistance welding systems to weld metal sheets mainly of car bodies; arc welders to weld steel parts by melting welding wires. It also provides polishing equipment for electronic and precision industries, such as polishers for material substr... 6877.T Profile

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