F.C.C.CO.,LTD. Stock Forecast
Green day on Tuesday for F.C.C.CO.,LTD.
(Updated on Jun 25, 2024)
The F.C.C.CO.,LTD. stock price gained 0.685% on the last trading day (Tuesday, 25th Jun 2024), rising from JP¥2,337.00 to JP¥2,353.00. It has now gained 4 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 1.45% from a day low at JP¥2,338.00 to a day high of JP¥2,372.00. The price has risen in 6 of the last 10 days and is up by 3.47% over the past 2 weeks. Volume fell on the last day by -50 thousand shares and in total, 71 thousand shares were bought and sold for approximately JP¥166.36 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 horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. JP¥2,351.34 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach JP¥2,555.67 sometime during the next 3 months.
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7296.T Signals & Forecast
Mostly positive signals in the chart today. The F.C.C.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¥2,313.29 and JP¥2,229.80. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 16, 2024, and so far it has risen 10.37%. 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 F.C.C.CO.,LTD. stock
F.C.C.CO.,LTD. finds support from accumulated volume at JP¥2,319.00 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¥34.00 (1.45%) between high and low. For the last week, the stock has had daily average volatility of 1.64%.
Our recommended stop-loss: JP¥2,278.65 (-3.16%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 51 days ago.)
Trading Expectations (7296.T) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect F.C.C.CO.,LTD. to open at JP¥2,354.33, and during the day (based on 14 day Average True Range), to move between JP¥2,307.80 and JP¥2,398.20, which gives a possible trading interval of +/-JP¥45.20 (+/-1.92%) up or down from last closing price. If F.C.C.CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.84% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥2,319.00, some JP¥34.00 (1.44%) from the current price of JP¥2,353.00, our system finds the risk reward attractive.
Is F.C.C.CO.,LTD. stock A Buy?
F.C.C.CO.,LTD. holds several positive signals and has broken the horizontal trend up. As the stock is in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 5.440 Strong Buy Candidate Unchanged
Predicted Opening Price for F.C.C.CO.,LTD. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| JP¥2,354.33 ( 0.0567%) | JP¥2,353.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7296.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,388.33 | 1.50% |
| R2 | 2,375.35 | 0.95% |
| R1 | 2,367.32 | 0.609% |
| Price | 2,353.00 | |
| S1 | 2,341.35 | -0.495% |
| S2 | 2,333.32 | -0.84% |
| S3 | 2,320.33 | -1.39% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 2,353.00 | |
| S1 | 2,319.00 | -1.44% |
| S2 | 2,216.00 | -5.82% |
| S3 | 2,180.00 | -7.35% |
7296 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 19, 2024 | JP¥44.00 | 1.91% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Nov 27, 2023 | JP¥30.00 | 1.63% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥30.00 | 1.95% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥26.00 | 1.90% |
FAQ
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