Obara Group Incorporated Stock Forecast
Weaker technical forecast for Obara Group Incorporated as stock downgraded to Strong Sell Candidate.
(Updated on Jun 25, 2024)
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
| # | 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% |
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