Lasertec Corporation Stock Forecast
Green day on Friday for Lasertec Corporation
(Updated on May 17, 2024)
The Lasertec Corporation stock price gained 0.94% on the last trading day (Friday, 17th May 2024), rising from JP¥42,770.00 to JP¥43,170.00. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.79% from a day low at JP¥42,480.00 to a day high of JP¥43,240.00. The price has risen in 6 of the last 10 days and is up by 8.6% over the past 2 weeks. Volume fell on the last day by -855 thousand shares and in total, 4 million shares were bought and sold for approximately JP¥173.55 billion. 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.
Given the current horizontal trend, you can expect Lasertec Corporation stock with a 90% probability to be traded between JP¥32,545.73 and JP¥42,350.07 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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6920.T Signals & Forecast
Mostly positive signals in the chart today. The Lasertec Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥41,782.86 and JP¥39,883.43. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 29.41%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Thursday, July 27, 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 Thursday, July 27, 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 Lasertec Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥41,000.00 and JP¥40,670.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Lasertec Corporation finds support just below today's level at JP¥41,000.00. If this is broken, then the next support from accumulated volume will be at JP¥40,670.00 and JP¥39,750.00.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved JP¥760.00 between high and low, or 1.79%. For the last week, the stock has had daily average volatility of 2.15%.
The Lasertec Corporation stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: JP¥41,909.44 (-2.92%) (This stock has high daily movements and this gives high risk. The RSI14 is 79 and this increases the risk substantially. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (6920.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Lasertec Corporation to open at JP¥42,963.33, and during the day (based on 14 day Average True Range), to move between JP¥41,663.34 and JP¥44,676.66, which gives a possible trading interval of +/-JP¥1,506.66 (+/-3.49%) up or down from last closing price. If Lasertec Corporation takes out the full calculated possible swing range there will be an estimated 6.98% 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¥43,300.00 (0.30%) than the support at JP¥41,000.00 (5.03%), 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 Lasertec Corporation stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Lasertec Corporation stock to perform well in the short-term period.
Current score: 1.918 Buy Candidate Unchanged
Predicted Opening Price for Lasertec Corporation of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
JP¥42,963.33 ( 0.479%) | JP¥43,170.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6920.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 43,723.33 | 1.28 % | |
R2 | 43,433.01 | 0.609 % | ||
R1 | 43,253.65 | 0.194 % | ||
Current price: | 43,170.00 | |||
Support | S1 | 42,673.01 | -1.15 % | |
S2 | 42,493.65 | -1.57 % | ||
S3 | 42,203.33 | -2.24 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 43,300.00 | 0.301 % | ||
Current price | 43,170.00 | |||
Support | S1 | 41,000.00 | -5.03% | |
S2 | 40,670.00 | -5.79% | ||
S3 | 39,750.00 | -7.92% |
6920 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¥126.00 | 0.569% |
3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥52.00 | 0.231% |
4 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥65.00 | 0.388% |
5 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥32.00 | 0.0908% |
FAQ
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