ENOMOTO Co.,Ltd. Stock Forecast
ENOMOTO Co.,Ltd. stock price ended at JP¥1,569.00 on Thursday, after losing 0.381%.
(Updated on May 09, 2024)
The ENOMOTO Co.,Ltd. stock price fell by -0.381% on the last day (Thursday, 9th May 2024) from JP¥1,575.00 to JP¥1,569.00. During the last trading day the stock fluctuated 1.61% from a day low at JP¥1,554.00 to a day high of JP¥1,579.00. The price has fallen in 6 of the last 10 days and is down by -0.06% for this period. Volume has increased on the last day by 8 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, 28 thousand shares were bought and sold for approximately JP¥43.78 million.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at JP¥1,552.19 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect ENOMOTO Co.,Ltd. stock with a 90% probability to be traded between JP¥1,529.73 and JP¥1,615.76 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.
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6928.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, May 07, 2024, and so far it has risen 0.192%. 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 ENOMOTO 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¥1,577.43 and JP¥1,601.51. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for ENOMOTO Co.,Ltd. stock
ENOMOTO Co.,Ltd. finds support from accumulated volume at JP¥1,567.00 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¥25.00 between high and low, or 1.61%. For the last week the stock has had daily average volatility of 1.31%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6928.T) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect ENOMOTO Co.,Ltd. to open at JP¥1,567.33, and during the day (based on 14 day Average True Range), to move between JP¥1,544.41 and JP¥1,593.59, which gives a possible trading interval of +/-JP¥24.59 (+/-1.57%) up or down from last closing price. If ENOMOTO Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 3.13% 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¥1,567.00 (0.13%) than the resistance at JP¥1,580.00 (0.70%), 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
ENOMOTO Co.,Ltd. will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for ENOMOTO Co.,Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.56% in the first trading day after earnings release.
Is ENOMOTO Co.,Ltd. stock A Buy?
ENOMOTO 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.
Current score: -1.230 Sell Candidate Unchanged
Predicted Opening Price for ENOMOTO Co.,Ltd. of Friday, May 10, 2024
Fair opening price May 10, 2024 | Current price |
---|---|
JP¥1,567.33 ( 0.106%) | JP¥1,569.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6928.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1,592.33 | 1.49 % | |
R2 | 1,582.78 | 0.88 % | ||
R1 | 1,576.88 | 0.502 % | ||
Current price: | 1,569.00 | |||
Support | S1 | 1,557.78 | -0.715 % | |
S2 | 1,551.88 | -1.09 % | ||
S3 | 1,542.33 | -1.70 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1,608.00 | 2.49 % | |
R2 | 1,588.00 | 1.21 % | ||
R1 | 1,580.00 | 0.701 % | ||
Current price | 1,569.00 | |||
Support | S1 | 1,567.00 | -0.127% | |
S2 | 1,566.00 | -0.191% | ||
S3 | 0 | . |
6928 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥30.00 | 1.71% |
3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥30.00 | 2.14% |
4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥30.00 | 1.89% |
5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥20.00 | 1.03% |
FAQ
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