CHIYODA INTEGRE CO.,LTD. Stock Forecast
Red day on Thursday for CHIYODA INTEGRE CO.,LTD.
(Updated on May 02, 2024)
The CHIYODA INTEGRE CO.,LTD. stock price fell by -1.12% on the last day (Thursday, 2nd May 2024) from JP¥2,773.00 to JP¥2,742.00. During the last trading day the stock fluctuated 1.54% from a day low at JP¥2,731.00 to a day high of JP¥2,773.00. The price has risen in 6 of the last 10 days and is up by 3.08% over the past 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 -1 thousand shares and in total, 9 thousand shares were bought and sold for approximately JP¥24.95 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 4.50% during the next 3 months and, with a 90% probability hold a price between JP¥2,719.27 and JP¥2,961.40 at the end of this 3-month period.
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6915.T Signals & Forecast
The CHIYODA INTEGRE CO.,LTD. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥2,759.43. On a fall, the stock will find some support from the long-term average at approximately JP¥2,717.31. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell 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 Tuesday, April 30, 2024, and so far it has fallen -2.04%. 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). 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 sell signal from a double top formation was found on Tuesday, April 30, 2024 and based on theory for this formation the price should fall by -7.24% to JP¥2,543.36 within 11 trading days since signal was issued (Tuesday, May 07, 2024).
Support, Risk & Stop-loss for CHIYODA INTEGRE CO.,LTD. stock
CHIYODA INTEGRE CO.,LTD. finds support from accumulated volume at JP¥2,738.00 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¥42.00 between high and low, or 1.54%. For the last week the stock has had daily average volatility of 1.62%.
Our recommended stop-loss: JP¥2,609.48 (-4.83%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (6915.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect CHIYODA INTEGRE CO.,LTD. to open at JP¥2,748.67, and during the day (based on 14 day Average True Range), to move between JP¥2,686.27 and JP¥2,797.73, which gives a possible trading interval of +/-JP¥55.73 (+/-2.03%) up or down from last closing price. If CHIYODA INTEGRE CO.,LTD. takes out the full calculated possible swing range there will be an estimated 4.07% 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¥2,745.00 (0.11%) than the support at JP¥2,738.00 (0.15%), 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.
Earnings coming up
CHIYODA INTEGRE CO.,LTD. will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for CHIYODA INTEGRE CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.58% in the first trading day after earnings release.
Is CHIYODA INTEGRE CO.,LTD. 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 CHIYODA INTEGRE CO.,LTD. stock to perform well in the short-term.
Current score: 1.497 Buy Candidate Unchanged
Predicted Opening Price for CHIYODA INTEGRE CO.,LTD. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥2,748.67 ( 0.243%) | JP¥2,742.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6915.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,790.67 | 1.77 % | |
| R2 | 2,774.62 | 1.19 % | ||
| R1 | 2,764.71 | 0.83 % | ||
| Current price: | 2,742.00 | |||
| Support | S1 | 2,732.62 | -0.342 % | |
| S2 | 2,722.71 | -0.703 % | ||
| S3 | 2,706.67 | -1.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,799.00 | 2.08 % | |
| R2 | 2,771.00 | 1.06 % | ||
| R1 | 2,745.00 | 0.109 % | ||
| Current price | 2,742.00 | |||
| Support | S1 | 2,738.00 | -0.146% | |
| S2 | 2,714.00 | -1.02% | ||
| S3 | 2,552.00 | -6.93% |
6915 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥120.00 | 5.54% |
| 2 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥120.00 | 5.91% |
| 3 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | JP¥70.00 | 4.02% |
| 4 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | JP¥95.00 | 4.11% |
| 5 | Dec 26, 2018 | Dec 26, 2018 | Dec 26, 2018 | JP¥100.00 | 5.29% |
FAQ
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