Obara Group Incorporated Stock Forecast
Obara Group Incorporated stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Jun 14, 2024)
The Obara Group Incorporated stock price gained 1.08% on the last trading day (Friday, 14th Jun 2024), rising from JP¥4,165.00 to JP¥4,210.00. During the last trading day the stock fluctuated 4.60% from a day low at JP¥4,025.00 to a day high of JP¥4,210.00. The price has fallen in 7 of the last 10 days and is down by -0.59% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 11 thousand more shares were traded than the day before. In total, 45 thousand shares were bought and sold for approximately JP¥189.87 million.
The stock lies in the middle of a 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 10.06% during the next 3 months and, with a 90% probability hold a price between JP¥4,497.29 and JP¥4,731.72 at the end of this 3-month period.
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6877.T Signals & Forecast
The Obara Group Incorporated stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥4,151.43 and JP¥4,160.86. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, May 31, 2024, and so far it has fallen -0.590%. 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 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¥185.00 between high and low, or 4.60%. For the last week the stock has had daily average volatility of 2.40%.
Our recommended stop-loss: JP¥4,033.95 (-4.18%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 32 days ago.)
Trading Expectations (6877.T) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Obara Group Incorporated to open at JP¥4,148.33, and during the day (based on 14 day Average True Range), to move between JP¥4,128.67 and JP¥4,291.33, which gives a possible trading interval of +/-JP¥81.33 (+/-1.93%) up or down from last closing price. If Obara Group Incorporated takes out the full calculated possible swing range there will be an estimated 3.86% 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¥4,220.00 (0.24%) than the support at JP¥4,110.00 (2.38%), 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.167 Buy Candidate Upgraded
Predicted Opening Price for Obara Group Incorporated of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| JP¥4,148.33 ( 1.46%) | JP¥4,210.00 |
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 | 4,333.33 | 2.93% |
| R2 | 4,262.66 | 1.25% |
| R1 | 4,219.00 | 0.214% |
| Price | 4,210.00 | |
| S1 | 4,077.66 | -3.14% |
| S2 | 4,034.00 | -4.18% |
| S3 | 3,963.33 | -5.86% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,235.00 | 0.594% |
| R2 | 4,225.00 | 0.356% |
| R1 | 4,220.00 | 0.238% |
| Price | 4,210.00 | |
| S1 | 4,110.00 | -2.38% |
| S2 | 4,040.00 | -4.04% |
| S3 | 4,035.00 | -4.16% |
6877 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Dec 01, 2024 | JP¥90.00 | 2.14% |
| 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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