GEOMATEC CO.,LTD. Stock Forecast
GEOMATEC CO.,LTD. stock upgraded from Strong Sell Candidate to Sell Candidate after Wednesday trading session.
(Updated on May 08, 2024)
The GEOMATEC CO.,LTD. stock price gained 0.212% on the last trading day (Wednesday, 8th May 2024), rising from JP¥471.00 to JP¥472.00. During the last trading day the stock fluctuated 1.27% from a day low at JP¥472.00 to a day high of JP¥478.00. The price has fallen in 5 of the last 10 days and is down by -2.07% for this period. Volume fell on the last day by -5 thousand shares and in total, 3 thousand shares were bought and sold for approximately JP¥1.37 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥470.76 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.65% during the next 3 months and, with a 90% probability hold a price between JP¥458.31 and JP¥482.00 at the end of this 3-month period.
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6907.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, May 07, 2024, and so far it has risen 0.212%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The GEOMATEC 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¥477.43 and JP¥488.57. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for GEOMATEC CO.,LTD. stock
GEOMATEC CO.,LTD. finds support from accumulated volume at JP¥471.00 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved JP¥6.00 between high and low, or 1.27%. For the last week the stock has had daily average volatility of 1.22%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6907.T) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect GEOMATEC CO.,LTD. to open at JP¥474.00, and during the day (based on 14 day Average True Range), to move between JP¥465.52 and JP¥478.48, which gives a possible trading interval of +/-JP¥6.48 (+/-1.37%) up or down from last closing price. If GEOMATEC CO.,LTD. takes out the full calculated possible swing range there will be an estimated 2.74% 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¥471.00 (0.21%) than the resistance at JP¥494.00 (4.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
GEOMATEC CO.,LTD. will release earnings BMO on Wednesday, May 15, 2024. We will update the financials statements for GEOMATEC CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.35% in the first trading day after earnings release.
Is GEOMATEC CO.,LTD. stock A Buy?
GEOMATEC CO.,LTD. holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -1.448 Sell Candidate Upgraded
Predicted Opening Price for GEOMATEC CO.,LTD. of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| JP¥474.00 ( 0.424%) | JP¥472.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6907.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 480.00 | 1.69 % | |
| R2 | 477.71 | 1.21 % | ||
| R1 | 476.29 | 0.91 % | ||
| Current price: | 472.00 | |||
| Support | S1 | 471.71 | -0.0619 % | |
| S2 | 470.29 | -0.362 % | ||
| S3 | 468.00 | -0.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 501.00 | 6.14 % | |
| R2 | 497.00 | 5.30 % | ||
| R1 | 494.00 | 4.66 % | ||
| Current price | 472.00 | |||
| Support | S1 | 471.00 | -0.212% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
6907 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥15.00 | 4.85% |
| 2 | Sep 27, 2019 | Sep 27, 2019 | Sep 27, 2019 | JP¥15.00 | 2.08% |
| 3 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥15.00 | 2.02% |
| 4 | Sep 26, 2018 | Sep 26, 2018 | Sep 26, 2018 | JP¥15.00 | 1.69% |
| 5 | Mar 28, 2018 | Mar 28, 2018 | Mar 28, 2018 | JP¥15.00 | 1.38% |
FAQ
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