FUKUDA DENSHI CO.,LTD. Stock Forecast
Green day on Wednesday for FUKUDA DENSHI CO.,LTD.
(Updated on Jul 03, 2024)
The FUKUDA DENSHI CO.,LTD. stock price gained 0.151% on the last trading day (Wednesday, 3rd Jul 2024), rising from JP¥6,630.00 to JP¥6,640.00. During the last trading day the stock fluctuated 2.12% from a day low at JP¥6,610.00 to a day high of JP¥6,750.00. The price has been going up and down for this period, and there has been a 10.12% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 10 thousand shares were bought and sold for approximately JP¥63.74 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 FUKUDA DENSHI CO.,LTD. stock with a 90% probability to be traded between JP¥5,929.77 and JP¥6,975.44 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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6960.T Signals & Forecast
The FUKUDA DENSHI CO.,LTD. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥6,731.43. On a fall, the stock will find some support from the long-term average at approximately JP¥6,302.86. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. 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 Friday, June 21, 2024, and so far it has fallen -3.77%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for FUKUDA DENSHI CO.,LTD. stock
FUKUDA DENSHI CO.,LTD. finds support from accumulated volume at JP¥6,540.00 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¥140.00 between high and low, or 2.12%. For the last week, the stock has had daily average volatility of 2.19%.
Our recommended stop-loss: JP¥6,360.93 (-4.20%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (6960.T) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect FUKUDA DENSHI CO.,LTD. to open at JP¥6,666.67, and during the day (based on 14 day Average True Range), to move between JP¥6,452.02 and JP¥6,827.98, which gives a possible trading interval of +/-JP¥187.98 (+/-2.83%) up or down from last closing price. If FUKUDA DENSHI CO.,LTD. takes out the full calculated possible swing range there will be an estimated 5.66% 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¥6,680.00 (0.60%) than the support at JP¥6,540.00 (1.51%), 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 FUKUDA DENSHI CO.,LTD. stock A Buy?
FUKUDA DENSHI CO.,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: -0.001 Hold/Accumulate Unchanged
Predicted Opening Price for FUKUDA DENSHI CO.,LTD. of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| JP¥6,666.67 ( 0.402%) | JP¥6,640.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6960.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6,806.67 | 2.51% |
| R2 | 6,753.19 | 1.70% |
| R1 | 6,720.15 | 1.21% |
| Price | 6,640.00 | |
| S1 | 6,613.19 | -0.404% |
| S2 | 6,580.15 | -0.90% |
| S3 | 6,526.67 | -1.71% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6,900.00 | 3.92% |
| R2 | 6,800.00 | 2.41% |
| R1 | 6,680.00 | 0.602% |
| Price | 6,640.00 | |
| S1 | 6,540.00 | -1.51% |
| S2 | 6,330.00 | -4.67% |
| S3 | 6,180.00 | -6.93% |
6960 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 28, 2024 | JP¥25.00 | 0.368% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Dec 04, 2023 | JP¥20.00 | 0.304% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥45.00 | 1.06% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥15.00 | 0.414% |
FAQ
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