F-TECH INC. Stock Forecast
Weaker technical forecast for F-TECH INC. as stock downgraded to Sell Candidate.
(Updated on Apr 19, 2024)
The F-TECH INC. stock price fell by -2.88% on the last day (Friday, 19th Apr 2024) from JP¥764.00 to JP¥742.00. During the last trading day the stock fluctuated 3.83% from a day low at JP¥732.00 to a day high of JP¥760.00. The price has fallen in 6 of the last 10 days and is down by -1.2% for this period. Volume has increased on the last day by 53 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, 95 thousand shares were bought and sold for approximately JP¥70.12 million.
Given the current short-term trend, the stock is expected to rise 19.55% during the next 3 months and, with a 90% probability hold a price between JP¥887.08 and JP¥963.36 at the end of this 3-month period.
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7212.T Signals & Forecast
There are few to no technical positive signals at the moment. The F-TECH INC. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥767.86 and JP¥747.80. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -6.67%. 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). 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 F-TECH INC. stock
F-TECH INC. finds support from accumulated volume at JP¥705.00 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¥28.00 (3.83%) between high and low. For the last week, the stock has had daily average volatility of 2.61%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (7212.T) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect F-TECH INC. to open at JP¥744.67, and during the day (based on 14 day Average True Range), to move between JP¥721.19 and JP¥762.81, which gives a possible trading interval of +/-JP¥20.81 (+/-2.80%) up or down from last closing price. If F-TECH INC. takes out the full calculated possible swing range there will be an estimated 5.61% 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¥749.00 (0.94%) than the support at JP¥705.00 (4.99%), 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 F-TECH INC. stock A Buy?
The F-TECH INC. stock holds several negative signals and despite the positive trend, we believe F-TECH INC. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -4.531 Sell Candidate Downgraded
Predicted Opening Price for F-TECH INC. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| JP¥744.67 ( 0.359%) | JP¥742.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7212.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 772.67 | 4.13 % | |
| R2 | 761.97 | 2.69 % | ||
| R1 | 755.36 | 1.80 % | ||
| Current price: | 742.00 | |||
| Support | S1 | 733.97 | -1.08 % | |
| S2 | 727.36 | -1.97 % | ||
| S3 | 716.67 | -3.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 782.00 | 5.39 % | |
| R2 | 767.00 | 3.37 % | ||
| R1 | 749.00 | 0.94 % | ||
| Current price | 742.00 | |||
| Support | S1 | 705.00 | -4.99% | |
| S2 | 703.00 | -5.26% | ||
| S3 | 687.00 | -7.41% |
7212 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¥10.00 | 1.56% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥10.00 | 1.97% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥10.00 | 1.81% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥8.00 | 1.28% |
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