ENDO Lighting Corporation Stock Forecast
ENDO Lighting Corporation stock price ended at JP¥1,430.00 on Thursday, after losing 2.26%.
(Updated on Apr 25, 2024)
The ENDO Lighting Corporation stock price fell by -2.26% on the last day (Thursday, 25th Apr 2024) from JP¥1,463.00 to JP¥1,430.00. During the last trading day the stock fluctuated 2.20% from a day low at JP¥1,411.00 to a day high of JP¥1,442.00. The price has fallen in 6 of the last 10 days and is down by -3.57% for this period. Volume has increased on the last day by 14 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, 80 thousand shares were bought and sold for approximately JP¥114.69 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect ENDO Lighting Corporation stock with a 90% probability to be traded between JP¥1,376.00 and JP¥1,518.26 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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6932.T Signals & Forecast
There are mixed signals in the stock today. The ENDO Lighting Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥1,483.69. On a fall, the stock will find some support from the short-term average at JP¥1,429.57. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 2.22%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for ENDO Lighting Corporation stock
ENDO Lighting Corporation finds support from accumulated volume at JP¥1,415.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved JP¥31.00 between high and low, or 2.20%. For the last week, the stock has had daily average volatility of 2.60%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6932.T) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect ENDO Lighting Corporation to open at JP¥1,427.67, and during the day (based on 14 day Average True Range), to move between JP¥1,388.41 and JP¥1,471.59, which gives a possible trading interval of +/-JP¥41.59 (+/-2.91%) up or down from last closing price. If ENDO Lighting Corporation takes out the full calculated possible swing range there will be an estimated 5.82% 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¥1,415.00 (1.05%) than the resistance at JP¥1,531.00 (7.06%), 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
ENDO Lighting Corporation will release earnings BMO on Tuesday, April 30, 2024. We will update the financials statements for ENDO Lighting Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.98% in the first trading day after earnings release.
Is ENDO Lighting Corporation stock A Buy?
ENDO Lighting Corporation 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: -2.587 Sell Candidate Unchanged
Predicted Opening Price for ENDO Lighting Corporation of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
JP¥1,427.67 ( 0.163%) | JP¥1,430.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6932.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1,458.67 | 2.00 % | |
R2 | 1,446.82 | 1.18 % | ||
R1 | 1,439.51 | 0.665 % | ||
Current price: | 1,430.00 | |||
Support | S1 | 1,415.82 | -0.99 % | |
S2 | 1,408.51 | -1.50 % | ||
S3 | 1,396.67 | -2.33 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1,559.00 | 9.02 % | |
R2 | 1,544.00 | 7.97 % | ||
R1 | 1,531.00 | 7.06 % | ||
Current price | 1,430.00 | |||
Support | S1 | 1,415.00 | -1.05% | |
S2 | 1,399.00 | -2.17% | ||
S3 | 1,391.00 | -2.73% |
6932 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¥15.00 | 1.71% |
3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥15.00 | 2.04% |
4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥15.00 | 1.58% |
5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥7.50 | 0.706% |
FAQ
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