ZENKOKU HOSHO Co.,Ltd. Stock Forecast
ZENKOKU HOSHO Co.,Ltd. stock downgraded from Buy Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Jul 03, 2024)
The ZENKOKU HOSHO Co.,Ltd. stock price gained 0.707% on the last trading day (Wednesday, 3rd Jul 2024), rising from JP¥5,938.00 to JP¥5,980.00. During the last trading day the stock fluctuated 1.10% from a day low at JP¥5,930.00 to a day high of JP¥5,995.00. The price has risen in 7 of the last 10 days and is up by 2.93% over the past 2 weeks. Volume fell on the last day by -72 thousand shares and in total, 67 thousand shares were bought and sold for approximately JP¥403.05 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 stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.13% during the next 3 months and, with a 90% probability hold a price between JP¥6,185.02 and JP¥6,645.25 at the end of this 3-month period.
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7164.T Signals & Forecast
The ZENKOKU HOSHO Co.,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¥5,942.14 and JP¥5,702.97. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 21, 2024, and so far it has risen 9.02%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for ZENKOKU HOSHO Co.,Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥5,668.00 and JP¥5,650.00. 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, ZENKOKU HOSHO Co.,Ltd. finds support just below today's level at JP¥5,668.00. If this is broken, then the next support from accumulated volume will be at JP¥5,650.00 and JP¥5,348.00.
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¥65.00 (1.10%) between high and low. For the last week, the stock has had daily average volatility of 0.82%.
The ZENKOKU HOSHO Co.,Ltd. stock is extremely overbought on RSI14 (92). This increases the short-term risk substantially.
Our recommended stop-loss: JP¥5,820.93 (-2.66%) (This stock has low daily movements and this gives low risk. The RSI14 is 92 and this increases the risk substantially. There is a buy signal from a pivot bottom found 39 days ago.)
Trading Expectations (7164.T) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect ZENKOKU HOSHO Co.,Ltd. to open at JP¥5,968.33, and during the day (based on 14 day Average True Range), to move between JP¥5,906.98 and JP¥6,053.02, which gives a possible trading interval of +/-JP¥73.02 (+/-1.22%) up or down from last closing price. If ZENKOKU HOSHO Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 2.44% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥5,668.00, some JP¥312.00 (5.22%) from the current price of JP¥5,980.00, our system finds the risk reward attractive.
Is ZENKOKU HOSHO Co.,Ltd. stock A Buy?
ZENKOKU HOSHO 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for ZENKOKU HOSHO Co.,Ltd. of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| JP¥5,968.33 ( 0.195%) | JP¥5,980.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7164.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6,033.33 | 0.89% |
| R2 | 6,008.50 | 0.477% |
| R1 | 5,993.16 | 0.220% |
| Price | 5,980.00 | |
| S1 | 5,943.50 | -0.610% |
| S2 | 5,928.16 | -0.87% |
| S3 | 5,903.33 | -1.28% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 5,980.00 | |
| S1 | 5,668.00 | -5.22% |
| S2 | 5,650.00 | -5.52% |
| S3 | 5,348.00 | -10.57% |
7164 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2025 | Mar 28, 2025 | Mar 28, 2025 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 17, 2024 | JP¥170.00 | 2.99% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥148.00 | 2.97% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥133.00 | 2.77% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥111.00 | 2.17% |
FAQ
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