Murata Manufacturing Co.,Ltd. Stock Forecast
Murata Manufacturing Co.,Ltd. stock price up 1.53% on Friday
(Updated on May 17, 2024)
The Murata Manufacturing Co.,Ltd. stock price gained 1.53% on the last trading day (Friday, 17th May 2024), rising from JP¥2,817.00 to JP¥2,860.00. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.64% from a day low at JP¥2,835.00 to a day high of JP¥2,881.50. The price has risen in 6 of the last 10 days but is still down by -0.54% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 571 thousand more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately JP¥13.22 billion.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at JP¥2,863.15 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -7.03% during the next 3 months and, with a 90% probability hold a price between JP¥2,430.91 and JP¥2,661.96 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 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¥2,796.29 and JP¥2,801.31. A breakdown below any of these levels will issue sell signals. 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 Tuesday, April 30, 2024, and so far it has fallen -1.50%. 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). The stock had a Golden Star Signal on Wednesday, May 15, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Wednesday, May 15, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Murata Manufacturing Co.,Ltd. stock
Murata Manufacturing Co.,Ltd. finds support from accumulated volume at JP¥2,855.50 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¥46.50 between high and low, or 1.64%. For the last week the stock has had daily average volatility of 2.07%.
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 Monday 20th
For the upcoming trading day on Monday, 20th we expect Murata Manufacturing Co.,Ltd. to open at JP¥2,858.83, and during the day (based on 14 day Average True Range), to move between JP¥2,793.98 and JP¥2,926.02, which gives a possible trading interval of +/-JP¥66.02 (+/-2.31%) 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 4.62% 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¥2,855.50 (0.16%) than the resistance at JP¥2,867.00 (0.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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: -1.899 Sell Candidate Unchanged
Predicted Opening Price for Murata Manufacturing Co.,Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥2,858.83 ( 0.0408%) | JP¥2,860.00 |
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 | 2,905.33 | 1.59 % | |
| R2 | 2,887.57 | 0.96 % | ||
| R1 | 2,876.60 | 0.580 % | ||
| Current price: | 2,860.00 | |||
| Support | S1 | 2,841.07 | -0.662 % | |
| S2 | 2,830.10 | -1.05 % | ||
| S3 | 2,812.33 | -1.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,903.50 | 1.52 % | |
| R2 | 2,889.50 | 1.03 % | ||
| R1 | 2,867.00 | 0.245 % | ||
| Current price | 2,860.00 | |||
| Support | S1 | 2,855.50 | -0.157% | |
| S2 | 2,849.50 | -0.367% | ||
| S3 | 2,824.00 | -1.26% |
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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