LECIP HOLDINGS CORPORATION Stock Forecast
LECIP HOLDINGS CORPORATION stock downgraded from Buy Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on May 08, 2024)
The LECIP HOLDINGS CORPORATION stock price gained 0.318% on the last trading day (Wednesday, 8th May 2024), rising from JP¥629.00 to JP¥631.00. During the last trading day the stock fluctuated 0.96% from a day low at JP¥625.00 to a day high of JP¥631.00. The price has risen in 7 of the last 10 days and is up by 5.17% over the past 2 weeks. Volume fell on the last day by -5 thousand shares and in total, 19 thousand shares were bought and sold for approximately JP¥12.24 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 very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -12.37% during the next 3 months and, with a 90% probability hold a price between JP¥449.43 and JP¥597.36 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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7213.T Signals & Forecast
The LECIP HOLDINGS CORPORATION 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¥624.00 and JP¥619.20. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 6.77%. 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 LECIP HOLDINGS CORPORATION stock
LECIP HOLDINGS CORPORATION finds support from accumulated volume at JP¥630.00 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¥6.00 between high and low, or 0.96%. For the last week the stock has had daily average volatility of 1.26%.
Our recommended stop-loss: JP¥598.95 (-5.08%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (7213.T) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect LECIP HOLDINGS CORPORATION to open at JP¥629.00, and during the day (based on 14 day Average True Range), to move between JP¥620.04 and JP¥641.96, which gives a possible trading interval of +/-JP¥10.96 (+/-1.74%) up or down from last closing price. If LECIP HOLDINGS CORPORATION takes out the full calculated possible swing range there will be an estimated 3.47% 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¥630.00 (0.16%) than the resistance at JP¥637.00 (0.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
LECIP HOLDINGS CORPORATION will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for LECIP HOLDINGS CORPORATION, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.49% in the first trading day after earnings release.
Is LECIP HOLDINGS CORPORATION stock A Buy?
LECIP HOLDINGS CORPORATION 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: 0.639 Hold/Accumulate Downgraded
Predicted Opening Price for LECIP HOLDINGS CORPORATION of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| JP¥629.00 ( 0.317%) | JP¥631.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7213.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 635.00 | 0.634 % | |
| R2 | 632.71 | 0.271 % | ||
| R1 | 631.29 | 0.0463 % | ||
| Current price: | 631.00 | |||
| Support | S1 | 626.71 | -0.680 % | |
| S2 | 625.29 | -0.90 % | ||
| S3 | 623.00 | -1.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 761.00 | 20.60 % | |
| R2 | 748.00 | 18.54 % | ||
| R1 | 637.00 | 0.95 % | ||
| Current price | 631.00 | |||
| Support | S1 | 630.00 | -0.158% | |
| S2 | 605.00 | -4.12% | ||
| S3 | 603.00 | -4.44% |
7213 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥5.00 | 1.02% |
| 2 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥5.00 | 0.87% |
| 3 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥5.00 | 0.83% |
| 4 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥8.50 | 1.90% |
| 5 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥8.50 | 1.08% |
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