COSEL CO.,LTD. Stock Forecast
COSEL CO.,LTD. stock upgraded to Hold/Accumulate.
(Updated on May 02, 2024)
The COSEL CO.,LTD. stock price fell by -0.275% on the last day (Thursday, 2nd May 2024) from JP¥1,452.00 to JP¥1,448.00. During the last trading day the stock fluctuated 1.04% from a day low at JP¥1,441.00 to a day high of JP¥1,456.00. The price has been going up and down for this period, and there has been a -2.82% loss for the last 2 weeks. 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 -191 thousand shares and in total, 69 thousand shares were bought and sold for approximately JP¥99.48 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.65% during the next 3 months and, with a 90% probability hold a price between JP¥1,346.89 and JP¥1,512.32 at the end of this 3-month period.
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6905.T Signals & Forecast
There are mixed signals in the stock today. The COSEL CO.,LTD. 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¥1,454.29 and JP¥1,492.97. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.76%. 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). The stock had a Golden Star Signal on Tuesday, December 12, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, December 12, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for COSEL CO.,LTD. stock
COSEL CO.,LTD. finds support from accumulated volume at JP¥1,439.00 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¥15.00 between high and low, or 1.04%. For the last week the stock has had daily average volatility of 2.29%.
Our recommended stop-loss: JP¥1,366.65 (-5.62%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (6905.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect COSEL CO.,LTD. to open at JP¥1,448.33, and during the day (based on 14 day Average True Range), to move between JP¥1,412.05 and JP¥1,483.95, which gives a possible trading interval of +/-JP¥35.95 (+/-2.48%) up or down from last closing price. If COSEL CO.,LTD. takes out the full calculated possible swing range there will be an estimated 4.97% 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¥1,439.00 (0.62%) than the resistance at JP¥1,464.00 (1.10%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is COSEL CO.,LTD. stock A Buy?
COSEL CO.,LTD. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.204 Hold/Accumulate Upgraded
Predicted Opening Price for COSEL CO.,LTD. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥1,448.33 ( 0.0230%) | JP¥1,448.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6905.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,463.33 | 1.06 % | |
| R2 | 1,457.60 | 0.663 % | ||
| R1 | 1,454.06 | 0.419 % | ||
| Current price: | 1,448.00 | |||
| Support | S1 | 1,442.60 | -0.373 % | |
| S2 | 1,439.06 | -0.617 % | ||
| S3 | 1,433.33 | -1.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,564.00 | 8.01 % | |
| R2 | 1,518.00 | 4.83 % | ||
| R1 | 1,464.00 | 1.10 % | ||
| Current price | 1,448.00 | |||
| Support | S1 | 1,439.00 | -0.622% | |
| S2 | 1,435.00 | -0.90% | ||
| S3 | 1,423.00 | -1.73% |
6905 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 17, 2024 | May 17, 2024 | May 17, 2024 | JP¥0 | 0% |
| 2 | May 18, 2023 | May 18, 2023 | May 18, 2023 | JP¥16.00 | 1.41% |
| 3 | Nov 17, 2022 | Nov 17, 2022 | Nov 17, 2022 | JP¥15.00 | 1.74% |
| 4 | May 19, 2022 | May 19, 2022 | May 19, 2022 | JP¥13.00 | 1.73% |
| 5 | Nov 18, 2021 | Nov 18, 2021 | Nov 18, 2021 | JP¥13.00 | 1.42% |
FAQ
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