J-LEASE CO.,LTD. Stock Forecast
Evaluation of J-LEASE CO.,LTD. stock downgraded after the last trading session.
(Updated on Jul 04, 2024)
The J-LEASE CO.,LTD. stock price fell by -3.66% on the last day (Thursday, 4th Jul 2024) from JP¥1,365.00 to JP¥1,315.00. During the last trading day the stock fluctuated 3.95% from a day low at JP¥1,315.00 to a day high of JP¥1,367.00. The price has risen in 7 of the last 10 days and is up by 1.62% over the past 2 weeks. Volume has increased on the last day by 40 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 77 thousand shares were bought and sold for approximately JP¥100.86 million.
The stock lies in the middle of a wide and 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 5.71% during the next 3 months and, with a 90% probability hold a price between JP¥1,247.74 and JP¥1,448.90 at the end of this 3-month period.
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7187.T Signals & Forecast
The J-LEASE 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¥1,343.57. On a fall, the stock will find some support from the long-term average at approximately JP¥1,246.94. 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 Monday, July 01, 2024, and so far it has fallen -3.80%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for J-LEASE CO.,LTD. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥1,217.00 and JP¥1,215.00. 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, J-LEASE CO.,LTD. finds support just below today's level at JP¥1,217.00. If this is broken, then the next support from accumulated volume will be at JP¥1,215.00 and JP¥1,201.00.
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¥52.00 between high and low, or 3.95%. For the last week, the stock has had daily average volatility of 2.27%.
Our recommended stop-loss: JP¥1,272.91 (-3.20%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 25 days ago.)
Trading Expectations (7187.T) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect J-LEASE CO.,LTD. to open at JP¥1,332.33, and during the day (based on 14 day Average True Range), to move between JP¥1,281.51 and JP¥1,348.49, which gives a possible trading interval of +/-JP¥33.49 (+/-2.55%) up or down from last closing price. If J-LEASE CO.,LTD. takes out the full calculated possible swing range there will be an estimated 5.09% 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¥1,346.00 (2.36%) than the support at JP¥1,217.00 (7.45%), 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 J-LEASE CO.,LTD. stock A Buy?
J-LEASE 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: -0.450 Hold/Accumulate Downgraded
Predicted Opening Price for J-LEASE CO.,LTD. of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| JP¥1,332.33 ( 1.32%) | JP¥1,315.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7187.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,384.33 | 5.27% |
| R2 | 1,364.47 | 3.76% |
| R1 | 1,352.20 | 2.83% |
| Price | 1,315.00 | |
| S1 | 1,312.47 | -0.192% |
| S2 | 1,300.20 | -1.13% |
| S3 | 1,280.33 | -2.64% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,367.00 | 3.95% |
| R2 | 1,348.00 | 2.51% |
| R1 | 1,346.00 | 2.36% |
| Price | 1,315.00 | |
| S1 | 1,217.00 | -7.45% |
| S2 | 1,215.00 | -7.60% |
| S3 | 1,201.00 | -8.67% |
7187 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 26, 2024 | JP¥22.50 | 1.71% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Dec 01, 2023 | JP¥35.00 | 3.77% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥35.00 | 3.25% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥25.00 | 2.15% |
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