JAPAN POST INSURANCE Co.,Ltd. Stock Forecast
Weaker technical forecast for JAPAN POST INSURANCE Co.,Ltd. as stock downgraded to Buy Candidate.
(Updated on Jun 25, 2024)
The JAPAN POST INSURANCE Co.,Ltd. stock price gained 0.457% on the last trading day (Tuesday, 25th Jun 2024), rising from JP¥3,066.00 to JP¥3,080.00. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 1.53% from a day low at JP¥3,068.00 to a day high of JP¥3,115.00. The price has risen in 7 of the last 10 days and is up by 2.68% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 282 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately JP¥3.13 billion.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at JP¥3,081.74 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect JAPAN POST INSURANCE Co.,Ltd. stock with a 90% probability to be traded between JP¥2,878.69 and JP¥3,132.61 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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7181.T Signals & Forecast
Mostly positive signals in the chart today. The JAPAN POST INSURANCE 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¥3,012.71 and JP¥2,939.36. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 7.17%. 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 is rising along with the price. This is considered to be a good technical signal.
A buy signal from a double bottom formation was found on Tuesday, May 21, 2024 and based on theory for this formation the price should go up by 3.35% to JP¥3,183.17 within 9 trading days since signal was issued (Monday, June 03, 2024).
Support, Risk & Stop-loss for JAPAN POST INSURANCE Co.,Ltd. stock
JAPAN POST INSURANCE Co.,Ltd. finds support from accumulated volume at JP¥3,021.00 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¥47.00 (1.53%) between high and low. For the last week, the stock has had daily average volatility of 1.82%.
Since the JAPAN POST INSURANCE Co.,Ltd. has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: JP¥2,926.41 (-4.99%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (7181.T) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect JAPAN POST INSURANCE Co.,Ltd. to open at JP¥3,087.67, and during the day (based on 14 day Average True Range), to move between JP¥3,015.60 and JP¥3,144.40, which gives a possible trading interval of +/-JP¥64.40 (+/-2.09%) up or down from last closing price. If JAPAN POST INSURANCE Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 4.18% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥3,021.00, some JP¥59.00 (1.92%) from the current price of JP¥3,080.00, our system finds the risk reward attractive.
Is JAPAN POST INSURANCE Co.,Ltd. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for JAPAN POST INSURANCE Co.,Ltd. stock to perform well in the short-term period. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 3.318 Buy Candidate Downgraded
Predicted Opening Price for JAPAN POST INSURANCE Co.,Ltd. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| JP¥3,087.67 ( 0.249%) | JP¥3,080.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7181.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,134.67 | 1.77% |
| R2 | 3,116.71 | 1.19% |
| R1 | 3,105.62 | 0.83% |
| Price | 3,080.00 | |
| S1 | 3,069.71 | -0.334% |
| S2 | 3,058.62 | -0.694% |
| S3 | 3,040.67 | -1.28% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 3,080.00 | |
| S1 | 3,021.00 | -1.92% |
| S2 | 2,973.00 | -3.47% |
| S3 | 2,912.50 | -5.44% |
7181 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 18, 2024 | JP¥47.00 | 1.59% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Dec 05, 2023 | JP¥47.00 | 1.80% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥46.00 | 2.25% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥46.00 | 2.27% |
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