Entrust Inc. Stock Forecast
Entrust Inc. stock upgraded to Buy Candidate.
(Updated on Apr 18, 2024)
The Entrust Inc. stock price gained 0.471% on the last trading day (Thursday, 18th Apr 2024), rising from JP¥849.00 to JP¥853.00. During the last trading day the stock fluctuated 2.49% from a day low at JP¥842.00 to a day high of JP¥863.00. The price has risen in 5 of the last 10 days but is still down by -3.51% for this period. Volume fell on the last day by -44 thousand shares and in total, 38 thousand shares were bought and sold for approximately JP¥32.76 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 has broken the strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at JP¥854.84. A reaction back to this level may hold a second chance to get out before further falls.
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7191.T Signals & Forecast
A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -4.26%. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. The Entrust Inc. 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¥872.86. On a fall, the stock will find some support from the long-term average at approximately JP¥844.11. 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. 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 Entrust Inc. stock
Entrust Inc. finds support from accumulated volume at JP¥850.00 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¥21.00 between high and low, or 2.49%. For the last week the stock has had daily average volatility of 2.13%.
Our recommended stop-loss: JP¥812.54 (-4.74%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (7191.T) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Entrust Inc. to open at JP¥852.67, and during the day (based on 14 day Average True Range), to move between JP¥833.57 and JP¥872.43, which gives a possible trading interval of +/-JP¥19.43 (+/-2.28%) up or down from last closing price. If Entrust Inc. takes out the full calculated possible swing range there will be an estimated 4.56% 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¥850.00 (0.35%) than the resistance at JP¥857.00 (0.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Entrust Inc. stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.683 Buy Candidate Upgraded
Predicted Opening Price for Entrust Inc. of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| JP¥852.67 ( 0.0391%) | JP¥853.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7191.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 873.67 | 2.42 % | |
| R2 | 865.64 | 1.48 % | ||
| R1 | 860.69 | 0.90 % | ||
| Current price: | 853.00 | |||
| Support | S1 | 844.64 | -0.98 % | |
| S2 | 839.69 | -1.56 % | ||
| S3 | 831.67 | -2.50 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 884.00 | 3.63 % | |
| R2 | 865.00 | 1.41 % | ||
| R1 | 857.00 | 0.469 % | ||
| Current price | 853.00 | |||
| Support | S1 | 850.00 | -0.352% | |
| S2 | 785.00 | -7.97% | ||
| S3 | 781.00 | -8.44% |
7191 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥7.00 | 0.708% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥7.00 | 1.16% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥6.00 | 1.03% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥6.00 | 0.81% |
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