OPTEX GROUP Company,Limited Stock Forecast
OPTEX GROUP Company,Limited stock downgraded from Buy Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on May 08, 2024)
The OPTEX GROUP Company,Limited stock price fell by -0.545% on the last day (Wednesday, 8th May 2024) from JP¥1,835.00 to JP¥1,825.00. During the last trading day the stock fluctuated 2.21% from a day low at JP¥1,806.00 to a day high of JP¥1,846.00. The price has risen in 5 of the last 10 days and is up by 2.64% over the past 2 weeks. Volume has increased on the last day by 13 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 64 thousand shares were bought and sold for approximately JP¥117.35 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥1,785.33 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 2.11% during the next 3 months and, with a 90% probability hold a price between JP¥1,823.00 and JP¥2,064.45 at the end of this 3-month period.
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6914.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 2.64%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The OPTEX GROUP Company,Limited 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¥1,834.14 and JP¥1,876.40. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for OPTEX GROUP Company,Limited stock
OPTEX GROUP Company,Limited finds support from accumulated volume at JP¥1,820.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥40.00 (2.21%) between high and low. For the last week, the stock has had daily average volatility of 1.77%.
Our recommended stop-loss: JP¥1,740.84 (-4.61%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (6914.T) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect OPTEX GROUP Company,Limited to open at JP¥1,825.67, and during the day (based on 14 day Average True Range), to move between JP¥1,783.70 and JP¥1,866.30, which gives a possible trading interval of +/-JP¥41.30 (+/-2.26%) up or down from last closing price. If OPTEX GROUP Company,Limited takes out the full calculated possible swing range there will be an estimated 4.53% 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¥1,820.00 (0.27%) than the resistance at JP¥1,926.00 (5.53%), 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
OPTEX GROUP Company,Limited will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for OPTEX GROUP Company,Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.96% in the first trading day after earnings release.
Is OPTEX GROUP Company,Limited stock A Buy?
OPTEX GROUP Company,Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.129 Hold/Accumulate Downgraded
Predicted Opening Price for OPTEX GROUP Company,Limited of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| JP¥1,825.67 ( 0.0365%) | JP¥1,825.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6914.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,865.67 | 2.23 % | |
| R2 | 1,850.39 | 1.39 % | ||
| R1 | 1,840.95 | 0.87 % | ||
| Current price: | 1,825.00 | |||
| Support | S1 | 1,810.39 | -0.80 % | |
| S2 | 1,800.95 | -1.32 % | ||
| S3 | 1,785.67 | -2.16 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,960.00 | 7.40 % | |
| R2 | 1,941.00 | 6.36 % | ||
| R1 | 1,926.00 | 5.53 % | ||
| Current price | 1,825.00 | |||
| Support | S1 | 1,820.00 | -0.274% | |
| S2 | 1,799.00 | -1.42% | ||
| S3 | 1,783.00 | -2.30% |
6914 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jun 27, 2024 | JP¥0 | 0% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥20.00 | 0.97% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥18.00 | 0.99% |
| 4 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥18.00 | 0.85% |
| 5 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥15.00 | 0.91% |
FAQ
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