JEOL Ltd. Stock Forecast
JEOL Ltd. stock price down 1.29% on Tuesday
(Updated on Jun 25, 2024)
The JEOL Ltd. stock price fell by -1.29% on the last day (Tuesday, 25th Jun 2024) from JP¥6,848.00 to JP¥6,760.00. During the last trading day the stock fluctuated 1.84% from a day low at JP¥6,670.00 to a day high of JP¥6,793.00. The price has fallen in 7 of the last 10 days and is down by -4.02% 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 -415 thousand shares and in total, 331 thousand shares were bought and sold for approximately JP¥2.24 billion.
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 JEOL Ltd. stock with a 90% probability to be traded between JP¥6,244.74 and JP¥7,385.68 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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6951.T Signals & Forecast
The JEOL Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥6,522.71 and JP¥6,658.26. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, June 11, 2024, and so far it has fallen -4.02%. 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). 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 JEOL Ltd. stock
JEOL Ltd. finds support from accumulated volume at JP¥6,645.00 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¥123.00 between high and low, or 1.84%. For the last week, the stock has had daily average volatility of 3.30%.
Our recommended stop-loss: JP¥6,390.44 (-5.47%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 39 days ago.)
Trading Expectations (6951.T) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect JEOL Ltd. to open at JP¥6,741.00, and during the day (based on 14 day Average True Range), to move between JP¥6,513.27 and JP¥7,006.73, which gives a possible trading interval of +/-JP¥246.73 (+/-3.65%) up or down from last closing price. If JEOL Ltd. takes out the full calculated possible swing range there will be an estimated 7.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at JP¥6,848.00 (1.30%) than the support at JP¥6,645.00 (1.70%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is JEOL Ltd. stock A Buy?
JEOL Ltd. 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: 0.687 Hold/Accumulate Unchanged
Predicted Opening Price for JEOL Ltd. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| JP¥6,741.00 ( 0.281%) | JP¥6,760.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6951.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6,864.00 | 1.54% |
| R2 | 6,817.01 | 0.84% |
| R1 | 6,787.99 | 0.414% |
| Price | 6,760.00 | |
| S1 | 6,694.01 | -0.98% |
| S2 | 6,664.99 | -1.41% |
| S3 | 6,618.00 | -2.10% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6,889.00 | 1.91% |
| R2 | 6,853.00 | 1.38% |
| R1 | 6,848.00 | 1.30% |
| Price | 6,760.00 | |
| S1 | 6,645.00 | -1.70% |
| S2 | 6,596.00 | -2.43% |
| S3 | 6,546.00 | -3.17% |
6951 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 27, 2024 | JP¥20.00 | 0.296% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Dec 11, 2023 | JP¥33.00 | 0.563% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥36.00 | 0.85% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥30.00 | 0.614% |
FAQ
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