ZUKEN INC. Stock Forecast
ZUKEN INC. stock price ended at JP¥4,030.00 on Wednesday, after losing 0.617%.
(Updated on Apr 24, 2024)
The ZUKEN INC. stock price fell by -0.617% on the last day (Wednesday, 24th Apr 2024) from JP¥4,055.00 to JP¥4,030.00. During the last trading day the stock fluctuated 1.63% from a day low at JP¥4,000.00 to a day high of JP¥4,065.00. The price has fallen in 7 of the last 10 days and is down by -6.28% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 thousand shares and in total, 26 thousand shares were bought and sold for approximately JP¥105.18 million.
The stock is at the lower part of a wide and 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¥3,991.30 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect ZUKEN INC. stock with a 90% probability to be traded between JP¥4,004.40 and JP¥4,844.67 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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6947.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 1.00%. 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 ZUKEN INC. 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¥4,380.57. On a fall, the stock will find some support from the short-term average at JP¥4,025.00. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for ZUKEN INC. stock
ZUKEN INC. finds support from accumulated volume at JP¥4,015.00 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¥65.00 between high and low, or 1.63%. For the last week, the stock has had daily average volatility of 2.26%.
Our recommended stop-loss: JP¥3,780.98 (-6.18%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (6947.T) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect ZUKEN INC. to open at JP¥4,031.67, and during the day (based on 14 day Average True Range), to move between JP¥3,920.87 and JP¥4,139.13, which gives a possible trading interval of +/-JP¥109.13 (+/-2.71%) up or down from last closing price. If ZUKEN INC. takes out the full calculated possible swing range there will be an estimated 5.42% 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¥4,015.00 (0.37%) than the resistance at JP¥4,065.00 (0.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ZUKEN INC. stock A Buy?
ZUKEN INC. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.500 Hold/Accumulate Unchanged
Predicted Opening Price for ZUKEN INC. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| JP¥4,031.67 ( 0.0414%) | JP¥4,030.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6947.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,096.67 | 1.65 % | |
| R2 | 4,071.84 | 1.04 % | ||
| R1 | 4,056.50 | 0.657 % | ||
| Current price: | 4,030.00 | |||
| Support | S1 | 4,006.84 | -0.575 % | |
| S2 | 3,991.50 | -0.96 % | ||
| S3 | 3,966.67 | -1.57 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,355.00 | 8.06 % | |
| R2 | 4,075.00 | 1.12 % | ||
| R1 | 4,065.00 | 0.87 % | ||
| Current price | 4,030.00 | |||
| Support | S1 | 4,015.00 | -0.372% | |
| S2 | 4,000.00 | -0.744% | ||
| S3 | 3,990.00 | -0.99% |
6947 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¥25.00 | 0.736% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥20.00 | 0.560% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥5.00 | 0.164% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥16.00 | 0.393% |
FAQ
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