OKAYA ELECTRIC INDUSTRIES CO.,LTD. Stock Forecast
OKAYA ELECTRIC INDUSTRIES CO.,LTD. stock price down 0% on Tuesday
(Updated on May 07, 2024)
No changes to the price of OKAYA ELECTRIC INDUSTRIES CO.,LTD. stock on the last trading day (Tuesday, 7th May 2024). During the last trading day the stock fluctuated 0.778% from a day low at JP¥257.00 to a day high of JP¥259.00. The price has fallen in 4 of the last 10 days and is down by -0.77% for this period.
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 -6.62% during the next 3 months and, with a 90% probability hold a price between JP¥225.99 and JP¥255.10 at the end of this 3-month period. 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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6926.T Signals & Forecast
There are mixed signals in the stock today. The OKAYA ELECTRIC INDUSTRIES 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¥257.57 and JP¥267.86. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 1.58%. 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 volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely.
Support, Risk & Stop-loss for OKAYA ELECTRIC INDUSTRIES CO.,LTD. stock
OKAYA ELECTRIC INDUSTRIES CO.,LTD. finds support from accumulated volume at JP¥256.00 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¥2.00 (0.778%) between high and low. For the last week, the stock has had daily average volatility of 1.57%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6926.T) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect OKAYA ELECTRIC INDUSTRIES CO.,LTD. to open at JP¥257.67, and during the day (based on 14 day Average True Range), to move between JP¥253.32 and JP¥260.68, which gives a possible trading interval of +/-JP¥3.68 (+/-1.43%) up or down from last closing price. If OKAYA ELECTRIC INDUSTRIES CO.,LTD. takes out the full calculated possible swing range there will be an estimated 2.87% 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¥256.00 (0.39%) than the resistance at JP¥260.00 (1.17%), 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
OKAYA ELECTRIC INDUSTRIES CO.,LTD. will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for OKAYA ELECTRIC INDUSTRIES CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.71% in the first trading day after earnings release.
Is OKAYA ELECTRIC INDUSTRIES CO.,LTD. stock A Buy?
OKAYA ELECTRIC INDUSTRIES CO.,LTD. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.388 Sell Candidate Unchanged
Predicted Opening Price for OKAYA ELECTRIC INDUSTRIES CO.,LTD. of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| JP¥257.67 ( 0.259%) | JP¥257.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6926.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 259.67 | 1.04 % | |
| R2 | 258.90 | 0.740 % | ||
| R1 | 258.43 | 0.557 % | ||
| Current price: | 257.00 | |||
| Support | S1 | 256.90 | -0.0379 % | |
| S2 | 256.43 | -0.222 % | ||
| S3 | 255.67 | -0.519 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 282.00 | 9.73 % | |
| R2 | 275.00 | 7.00 % | ||
| R1 | 260.00 | 1.17 % | ||
| Current price | 257.00 | |||
| Support | S1 | 256.00 | -0.389% | |
| S2 | 253.00 | -1.56% | ||
| S3 | 0 | . |
6926 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥4.00 | 1.34% |
| 2 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥4.00 | 1.32% |
| 3 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥4.00 | 0.98% |
| 4 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥4.00 | 1.28% |
| 5 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥5.00 | 1.32% |
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