ODAWARA AUTO-MACHINE MFG.CO.,LTD. Stock Forecast
Green day on Friday for ODAWARA AUTO-MACHINE MFG.CO.,LTD.
(Updated on Jun 28, 2024)
The ODAWARA AUTO-MACHINE MFG.CO.,LTD. stock price gained 0.180% on the last trading day (Friday, 28th Jun 2024), rising from JP¥1,111.00 to JP¥1,113.00. During the last trading day the stock fluctuated 1.73% from a day low at JP¥1,100.00 to a day high of JP¥1,119.00. The price has risen in 6 of the last 10 days and is up by 2.11% 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, 1 thousand more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately JP¥2.11 million.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥1,107.63 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 7.33% during the next 3 months and, with a 90% probability hold a price between JP¥1,188.85 and JP¥1,264.08 at the end of this 3-month period.
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7314.T Signals & Forecast
The ODAWARA AUTO-MACHINE MFG.CO.,LTD. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥1,114.00. On a fall, the stock will find some support from the long-term average at approximately JP¥1,093.54. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Monday, May 20, 2024, and so far it has risen 4.02%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for ODAWARA AUTO-MACHINE MFG.CO.,LTD. stock
ODAWARA AUTO-MACHINE MFG.CO.,LTD. finds support from accumulated volume at JP¥1,109.00 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 1.73%. For the last week the stock has had daily average volatility of 0.759%.
Our recommended stop-loss: JP¥1,063.65 (-4.43%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (7314.T) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect ODAWARA AUTO-MACHINE MFG.CO.,LTD. to open at JP¥1,110.67, and during the day (based on 14 day Average True Range), to move between JP¥1,103.06 and JP¥1,122.94, which gives a possible trading interval of +/-JP¥9.94 (+/-0.89%) up or down from last closing price. If ODAWARA AUTO-MACHINE MFG.CO.,LTD. takes out the full calculated possible swing range there will be an estimated 1.79% 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¥1,109.00 (0.36%) than the resistance at JP¥1,118.00 (0.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ODAWARA AUTO-MACHINE MFG.CO.,LTD. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for ODAWARA AUTO-MACHINE MFG.CO.,LTD. stock to perform well in the short-term.
Current score: 3.493 Buy Candidate Unchanged
Predicted Opening Price for ODAWARA AUTO-MACHINE MFG.CO.,LTD. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| JP¥1,110.67 ( 0.210%) | JP¥1,113.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7314.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,129.67 | 1.50% |
| R2 | 1,122.41 | 0.85% |
| R1 | 1,117.92 | 0.442% |
| Price | 1,113.00 | |
| S1 | 1,103.41 | -0.86% |
| S2 | 1,098.92 | -1.26% |
| S3 | 1,091.67 | -1.92% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,131.00 | 1.62% |
| R2 | 1,119.00 | 0.539% |
| R1 | 1,118.00 | 0.449% |
| Price | 1,113.00 | |
| S1 | 1,109.00 | -0.359% |
| S2 | 1,072.00 | -3.68% |
| S3 | 1,040.00 | -6.56% |
7314 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2024 | Dec 27, 2024 | Dec 27, 2024 | JP¥0 | 0% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Mar 28, 2024 | JP¥26.00 | 2.54% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥15.00 | 3.05% |
| 4 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥15.00 | 2.78% |
| 5 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | JP¥15.00 | 2.75% |
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