Murata Manufacturing Co.,Ltd. Stock Forecast
Red day on Wednesday for Murata Manufacturing Co.,Ltd. stock after losing 1.10%
(Updated on May 08, 2024)
The Murata Manufacturing Co.,Ltd. stock price fell by -1.10% on the last day (Wednesday, 8th May 2024) from JP¥2,855.50 to JP¥2,824.00. During the last trading day the stock fluctuated 1.12% from a day low at JP¥2,817.00 to a day high of JP¥2,848.50. The price has risen in 6 of the last 10 days and is up by 5.49% over the past 2 weeks. 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 -10 thousand shares and in total, 6 million shares were bought and sold for approximately JP¥17.72 billion.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.19% during the next 3 months and, with a 90% probability hold a price between JP¥2,416.40 and JP¥2,649.22 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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6981.T Signals & Forecast
The Murata Manufacturing 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¥2,849.36. On a fall, the stock will find some support from the long-term average at approximately JP¥2,819.07. 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). 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, April 30, 2024, and so far it has fallen -2.74%. Further fall is indicated until a new bottom pivot has been found. 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 Murata Manufacturing Co.,Ltd. stock
Murata Manufacturing Co.,Ltd. finds support from accumulated volume at JP¥2,798.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥31.50 (1.12%) between high and low. For the last week, the stock has had daily average volatility of 1.61%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6981.T) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Murata Manufacturing Co.,Ltd. to open at JP¥2,829.83, and during the day (based on 14 day Average True Range), to move between JP¥2,760.62 and JP¥2,887.38, which gives a possible trading interval of +/-JP¥63.38 (+/-2.24%) up or down from last closing price. If Murata Manufacturing Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 4.49% 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¥2,849.50 (0.90%) than the support at JP¥2,798.00 (0.92%), 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 Murata Manufacturing Co.,Ltd. stock A Buy?
Murata Manufacturing Co.,Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.971 Sell Candidate Unchanged
Predicted Opening Price for Murata Manufacturing Co.,Ltd. of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| JP¥2,829.83 ( 0.207%) | JP¥2,824.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6981.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,861.33 | 1.32 % | |
| R2 | 2,849.30 | 0.90 % | ||
| R1 | 2,841.87 | 0.633 % | ||
| Current price: | 2,824.00 | |||
| Support | S1 | 2,817.80 | -0.220 % | |
| S2 | 2,810.37 | -0.483 % | ||
| S3 | 2,798.33 | -0.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,025.00 | 7.12 % | |
| R2 | 2,855.50 | 1.12 % | ||
| R1 | 2,849.50 | 0.90 % | ||
| Current price | 2,824.00 | |||
| Support | S1 | 2,798.00 | -0.92% | |
| S2 | 2,768.00 | -1.98% | ||
| S3 | 2,677.00 | -5.21% |
6981 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 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥75.00 | 2.86% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥75.00 | 3.30% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥70.00 | 2.55% |
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