SOSHIN ELECTRIC CO.,LTD. Stock Forecast
SOSHIN ELECTRIC CO.,LTD. stock price ended at JP¥480.00 on Wednesday, after gaining 0.209%.
(Updated on Apr 24, 2024)
The SOSHIN ELECTRIC CO.,LTD. stock price gained 0.209% on the last trading day (Wednesday, 24th Apr 2024), rising from JP¥479.00 to JP¥480.00. During the last trading day the stock fluctuated 0.209% from a day low at JP¥479.00 to a day high of JP¥480.00. The price has been going up and down for this period, and there has been a 0.42% gain for the last 2 weeks. Volume fell on the last day by -51 thousand shares and in total, 54 thousand shares were bought and sold for approximately JP¥25.73 million. 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.
The stock lies in the middle of a very wide and strong 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 75.56% during the next 3 months and, with a 90% probability hold a price between JP¥697.06 and JP¥973.16 at the end of this 3-month period.
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6938.T Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen 0%. 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). The SOSHIN ELECTRIC CO.,LTD. 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¥479.14 and JP¥413.14. A breakdown below any of these levels will issue sell signals. 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.
Support, Risk & Stop-loss for SOSHIN ELECTRIC CO.,LTD. stock
SOSHIN ELECTRIC CO.,LTD. finds support from accumulated volume at JP¥479.00 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¥1.00 between high and low, or 0.209%. For the last week the stock has had daily average volatility of 0.209%.
Our recommended stop-loss: JP¥464.16 (-3.30%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (6938.T) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect SOSHIN ELECTRIC CO.,LTD. to open at JP¥479.67, and during the day (based on 14 day Average True Range), to move between JP¥474.74 and JP¥485.26, which gives a possible trading interval of +/-JP¥5.26 (+/-1.09%) up or down from last closing price. If SOSHIN ELECTRIC CO.,LTD. takes out the full calculated possible swing range there will be an estimated 2.19% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥479.00, some JP¥1.00 (0.21%) from the current price of JP¥480.00, our system finds the risk reward attractive.
Earnings coming up
SOSHIN ELECTRIC CO.,LTD. will release earnings BMO on Friday, April 26, 2024. We will update the financials statements for SOSHIN ELECTRIC CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.38% in the first trading day after earnings release.
Is SOSHIN ELECTRIC 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 SOSHIN ELECTRIC CO.,LTD. stock to perform well in the short-term.
Current score: 1.357 Buy Candidate Unchanged
Predicted Opening Price for SOSHIN ELECTRIC CO.,LTD. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| JP¥479.67 ( 0.0694%) | JP¥480.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6938.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 480.67 | 0.139 % | |
| R2 | 480.28 | 0.0593 % | ||
| R1 | 480.05 | 0.0101 % | ||
| Current price: | 480.00 | |||
| Support | S1 | 479.28 | -0.149 % | |
| S2 | 479.05 | -0.198 % | ||
| S3 | 478.67 | -0.278 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 480.00 | |||
| Support | S1 | 479.00 | -0.208% | |
| S2 | 478.00 | -0.417% | ||
| S3 | 471.00 | -1.88% |
6938 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¥4.00 | 1.08% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥2.00 | 0.551% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥5.00 | 1.19% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥4.00 | 0.669% |
FAQ
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