SPRIX,Ltd. Stock Forecast
SPRIX,Ltd. stock upgraded from Sell Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Jul 02, 2024)
The SPRIX,Ltd. stock price gained 0.84% on the last trading day (Tuesday, 2nd Jul 2024), rising from JP¥832.00 to JP¥839.00. During the last trading day the stock fluctuated 2.53% from a day low at JP¥830.00 to a day high of JP¥851.00. The price has risen in 8 of the last 10 days and is up by 8.12% over the past 2 weeks. Volume fell on the last day by -9 thousand shares and in total, 13 thousand shares were bought and sold for approximately JP¥11.24 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at JP¥849.85 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect SPRIX,Ltd. stock with a 90% probability to be traded between JP¥768.00 and JP¥845.40 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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7030.T Signals & Forecast
The SPRIX,Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥823.14 and JP¥786.80. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 28, 2024, and so far it has fallen -1.29%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Monday, June 17, 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 Monday, June 17, 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 SPRIX,Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥780.00 and JP¥778.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, SPRIX,Ltd. finds support just below today's level at JP¥780.00. If this is broken, then the next support from accumulated volume will be at JP¥778.00 and JP¥775.00.
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¥21.00 between high and low, or 2.53%. For the last week, the stock has had daily average volatility of 2.25%.
The SPRIX,Ltd. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: JP¥812.98 (-3.10%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 79 and this increases the risk substantially. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (7030.T) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect SPRIX,Ltd. to open at JP¥840.00, and during the day (based on 14 day Average True Range), to move between JP¥827.01 and JP¥850.99, which gives a possible trading interval of +/-JP¥11.99 (+/-1.43%) up or down from last closing price. If SPRIX,Ltd. takes out the full calculated possible swing range there will be an estimated 2.86% 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¥850.00 (1.31%) than the support at JP¥780.00 (7.03%), 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 SPRIX,Ltd. stock A Buy?
SPRIX,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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.566 Hold/Accumulate Upgraded
Predicted Opening Price for SPRIX,Ltd. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| JP¥840.00 ( 0.119%) | JP¥839.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7030.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 861.00 | 2.62% |
| R2 | 852.98 | 1.67% |
| R1 | 848.02 | 1.08% |
| Price | 839.00 | |
| S1 | 831.98 | -0.84% |
| S2 | 827.02 | -1.43% |
| S3 | 819.00 | -2.38% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 850.00 | 1.31% |
| Price | 839.00 | |
| S1 | 780.00 | -7.03% |
| S2 | 778.00 | -7.27% |
| S3 | 775.00 | -7.63% |
7030 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Dec 01, 2024 | JP¥19.00 | 2.26% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 03, 2024 | JP¥19.00 | 2.43% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Dec 25, 2023 | JP¥19.00 | 2.33% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥19.00 | 2.17% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥19.00 | 2.00% |
FAQ
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