FALTEC Co.,Ltd. Stock Forecast
FALTEC Co.,Ltd. stock upgraded to Buy Candidate.
(Updated on May 30, 2024)
The FALTEC Co.,Ltd. stock price gained 0.181% on the last trading day (Thursday, 30th May 2024), rising from JP¥553.00 to JP¥554.00. During the last trading day the stock fluctuated 1.27% from a day low at JP¥551.00 to a day high of JP¥558.00. The price has been going up and down for this period, and there has been a -1.77% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 6 thousand shares were bought and sold for approximately JP¥3.55 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥553.38 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.77% during the next 3 months and, with a 90% probability hold a price between JP¥574.24 and JP¥632.61 at the end of this 3-month period.
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7215.T Signals & Forecast
The FALTEC Co.,Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥558.71 and JP¥572.77. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 0.181%. Further rise is indicated until a new top pivot has been found. 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¥548.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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¥7.00 between high and low, or 1.27%. For the last week, the stock has had daily average volatility of 1.37%.
FALTEC Co.,Ltd. is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: JP¥517.76 (-6.54%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 22 which reduces the risk some. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (7215.T) For The Upcoming Trading Day Of Friday 31st
For the upcoming trading day on Friday, 31st we expect FALTEC Co.,Ltd. to open at JP¥554.33, and during the day (based on 14 day Average True Range), to move between JP¥543.44 and JP¥564.56, which gives a possible trading interval of +/-JP¥10.56 (+/-1.91%) up or down from last closing price. If FALTEC Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 3.81% 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¥548.00 (1.08%) than the resistance at JP¥566.00 (2.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is FALTEC Co.,Ltd. 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: 2.614 Buy Candidate Upgraded
Predicted Opening Price for FALTEC Co.,Ltd. of Friday, May 31, 2024
| Fair opening price May 31, 2024 | Current price |
|---|---|
| JP¥554.33 ( 0.0602%) | JP¥554.00 |
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 | 561.33 | 1.32 % | |
| R2 | 558.66 | 0.84 % | ||
| R1 | 557.01 | 0.543 % | ||
| Current price: | 554.00 | |||
| Support | S1 | 551.66 | -0.423 % | |
| S2 | 550.01 | -0.721 % | ||
| S3 | 547.33 | -1.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 599.00 | 8.12 % | |
| R2 | 574.00 | 3.61 % | ||
| R1 | 566.00 | 2.17 % | ||
| Current price | 554.00 | |||
| Support | S1 | 548.00 | -1.08% | |
| S2 | 543.00 | -1.99% | ||
| S3 | 542.00 | -2.17% |
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% |
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