CASIO COMPUTER CO.,LTD. Stock Forecast
Stronger technical forecast for CASIO COMPUTER CO.,LTD. stock price after Friday trading.
(Updated on May 10, 2024)
The CASIO COMPUTER CO.,LTD. stock price fell by -0.91% on the last day (Friday, 10th May 2024) from JP¥1,318.50 to JP¥1,306.50. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.54% from a day low at JP¥1,299.00 to a day high of JP¥1,332.00. The price has fallen in 6 of the last 10 days and is down by -0.53% for this period. Volume has increased on the last day by 214 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, 686 thousand shares were bought and sold for approximately JP¥896.52 million.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥1,305.43 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 15.11% during the next 3 months and, with a 90% probability hold a price between JP¥1,502.66 and JP¥1,649.03 at the end of this 3-month period.
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6952.T Signals & Forecast
There are few to no technical positive signals at the moment. The CASIO COMPUTER 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¥1,316.14 and JP¥1,321.57. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -4.70%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for CASIO COMPUTER CO.,LTD. stock
CASIO COMPUTER CO.,LTD. finds support from accumulated volume at JP¥1,303.50 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¥33.00 between high and low, or 2.54%. For the last week the stock has had daily average volatility of 1.73%.
Our recommended stop-loss: JP¥1,266.34 (-3.07%) (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 (6952.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect CASIO COMPUTER CO.,LTD. to open at JP¥1,312.50, and during the day (based on 14 day Average True Range), to move between JP¥1,282.60 and JP¥1,330.40, which gives a possible trading interval of +/-JP¥23.90 (+/-1.83%) up or down from last closing price. If CASIO COMPUTER CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.66% 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¥1,303.50 (0.23%) than the resistance at JP¥1,311.00 (0.34%), 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
CASIO COMPUTER CO.,LTD. will release earnings BMO on Tuesday, May 14, 2024.The consensus among the analysts for the expected earnings (EPS) is $11.60. We will update the financials statements for CASIO COMPUTER CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.03% in the first trading day after earnings release.
Is CASIO COMPUTER CO.,LTD. stock A Buy?
CASIO COMPUTER CO.,LTD. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.130 Hold/Accumulate Upgraded
Predicted Opening Price for CASIO COMPUTER CO.,LTD. of Monday, May 13, 2024
Fair opening price May 13, 2024 | Current price |
---|---|
JP¥1,312.50 ( 0.459%) | JP¥1,306.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6952.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1,345.50 | 2.99 % | |
R2 | 1,332.89 | 2.02 % | ||
R1 | 1,325.11 | 1.42 % | ||
Current price: | 1,306.50 | |||
Support | S1 | 1,299.89 | -0.506 % | |
S2 | 1,292.11 | -1.10 % | ||
S3 | 1,279.50 | -2.07 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1,361.00 | 4.17 % | |
R2 | 1,360.00 | 4.09 % | ||
R1 | 1,311.00 | 0.344 % | ||
Current price | 1,306.50 | |||
Support | S1 | 1,303.50 | -0.230% | |
S2 | 1,245.00 | -4.71% | ||
S3 | 1,158.50 | -11.33% |
6952 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 28, 2024 | Mar 28, 2024 | Jul 01, 2024 | JP¥22.50 | 1.72% |
2 | Sep 28, 2023 | Sep 28, 2023 | Dec 04, 2023 | JP¥22.50 | 1.81% |
3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥22.50 | 1.71% |
4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥22.50 | 1.73% |
5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥22.50 | 1.57% |
FAQ
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