ODAWARA AUTO-MACHINE MFG.CO.,LTD. Stock Forecast
ODAWARA AUTO-MACHINE MFG.CO.,LTD. stock price up 2.07% on Wednesday
(Updated on Apr 24, 2024)
The ODAWARA AUTO-MACHINE MFG.CO.,LTD. stock price gained 2.07% on the last trading day (Wednesday, 24th Apr 2024), rising from JP¥1,062.00 to JP¥1,084.00. 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 2.07% from a day low at JP¥1,062.00 to a day high of JP¥1,084.00. The price has risen in 7 of the last 10 days and is up by 3.83% 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, 2 thousand more shares were traded than the day before. In total, 6 thousand shares were bought and sold for approximately JP¥6.50 million.
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¥1,082.65 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¥1,172.98 sometime during the next 3 months.
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7314.T Signals & Forecast
The ODAWARA AUTO-MACHINE MFG.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¥1,046.43 and JP¥1,023.91. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 11, 2024, and so far it has risen 8.62%. 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¥1,075.00 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¥22.00 between high and low, or 2.07%. For the last week the stock has had daily average volatility of 1.36%.
Our recommended stop-loss: JP¥1,043.63 (-3.72%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (7314.T) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect ODAWARA AUTO-MACHINE MFG.CO.,LTD. to open at JP¥1,076.67, and during the day (based on 14 day Average True Range), to move between JP¥1,071.47 and JP¥1,096.53, which gives a possible trading interval of +/-JP¥12.53 (+/-1.16%) 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 2.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at JP¥1,085.00 (0.09%) than the support at JP¥1,075.00 (0.83%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is ODAWARA AUTO-MACHINE MFG.CO.,LTD. stock A Buy?
Several short-term signals are positive and the stock has broken the horizontal trend up, which indicates an even stronger rate of rising. 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 period.
Current score: 1.409 Buy Candidate Unchanged
Predicted Opening Price for ODAWARA AUTO-MACHINE MFG.CO.,LTD. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| JP¥1,076.67 ( 0.677%) | JP¥1,084.00 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 1,098.67 | 1.35 % | |
| R2 | 1,090.26 | 0.578 % | ||
| R1 | 1,085.07 | 0.0988 % | ||
| Current price: | 1,084.00 | |||
| Support | S1 | 1,068.26 | -1.45 % | |
| S2 | 1,063.07 | -1.93 % | ||
| S3 | 1,054.67 | -2.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 1,092.00 | 0.738 % | ||
| R1 | 1,085.00 | 0.0923 % | ||
| Current price | 1,084.00 | |||
| Support | S1 | 1,075.00 | -0.83% | |
| S2 | 1,071.00 | -1.20% | ||
| S3 | 1,015.00 | -6.37% |
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 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥15.00 | 3.05% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥15.00 | 2.78% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | JP¥15.00 | 2.75% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | JP¥19.00 | 2.81% |
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