FALTEC Co.,Ltd. Stock Forecast
FALTEC Co.,Ltd. stock upgraded to Strong Buy Candidate.
(Updated on May 08, 2024)
The FALTEC Co.,Ltd. stock price gained 3.25% on the last trading day (Wednesday, 8th May 2024), rising from JP¥584.00 to JP¥603.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.25% from a day low at JP¥585.00 to a day high of JP¥604.00. The price has risen in 6 of the last 10 days and is up by 7.49% 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, 11 thousand more shares were traded than the day before. In total, 16 thousand shares were bought and sold for approximately JP¥9.47 million.
The stock lies in the middle of a 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 8.47% during the next 3 months and, with a 90% probability hold a price between JP¥622.63 and JP¥670.61 at the end of this 3-month period.
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7215.T Signals & Forecast
Mostly positive signals in the chart today. The FALTEC 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¥582.57 and JP¥571.74. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 19, 2024, and so far it has risen 13.77%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for FALTEC Co.,Ltd. stock
FALTEC Co.,Ltd. finds support from accumulated volume at JP¥599.00 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¥19.00 between high and low, or 3.25%. For the last week the stock has had daily average volatility of 1.98%.
Our recommended stop-loss: JP¥580.45 (-3.74%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 52 days ago.)
Trading Expectations (7215.T) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect FALTEC Co.,Ltd. to open at JP¥597.33, and during the day (based on 14 day Average True Range), to move between JP¥590.82 and JP¥615.18, which gives a possible trading interval of +/-JP¥12.18 (+/-2.02%) up or down from last closing price. If FALTEC Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 4.04% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥599.00, some JP¥4.00 (0.66%) from the current price of JP¥603.00, our system finds the risk reward attractive.
Earnings coming up
FALTEC Co.,Ltd. will release earnings BMO on Tuesday, May 14, 2024. We will update the financials statements for FALTEC Co.,Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.55% in the first trading day after earnings release.
Is FALTEC Co.,Ltd. stock A Buy?
FALTEC Co.,Ltd. holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 7.921 Strong Buy Candidate Upgraded
Predicted Opening Price for FALTEC Co.,Ltd. of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| JP¥597.33 ( 0.94%) | JP¥603.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7215.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 616.33 | 2.21 % | |
| R2 | 609.08 | 1.01 % | ||
| R1 | 604.59 | 0.264 % | ||
| Current price: | 603.00 | |||
| Support | S1 | 590.08 | -2.14 % | |
| S2 | 585.59 | -2.89 % | ||
| S3 | 578.33 | -4.09 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 603.00 | |||
| Support | S1 | 599.00 | -0.663% | |
| S2 | 574.00 | -4.81% | ||
| S3 | 566.00 | -6.14% |
7215 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥29.00 | 4.31% |
| 2 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥29.00 | 3.41% |
| 3 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥29.00 | 4.45% |
| 4 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥29.00 | 3.25% |
| 5 | Mar 28, 2018 | Mar 28, 2018 | Mar 28, 2018 | JP¥43.33 | 3.36% |
FAQ
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