RYOHIN KEIKAKU CO.,LTD. Stock Forecast
RYOHIN KEIKAKU CO.,LTD. stock price up 1.21% on Wednesday
(Updated on Apr 17, 2024)
The RYOHIN KEIKAKU CO.,LTD. stock price gained 1.21% on the last trading day (Wednesday, 17th Apr 2024), rising from JP¥2,309.50 to JP¥2,337.50. During the last trading day the stock fluctuated 4.47% from a day low at JP¥2,247.00 to a day high of JP¥2,347.50. The price has been going up and down for this period, and there has been a -5.56% loss for the last 2 weeks. Volume fell on the last day by -87 thousand shares and in total, 5 million shares were bought and sold for approximately JP¥11.11 billion. 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 lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥2,293.01 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 10.59% during the next 3 months and, with a 90% probability hold a price between JP¥2,535.81 and JP¥2,884.33 at the end of this 3-month period.
7453.T Signals & Forecast
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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The RYOHIN KEIKAKU CO.,LTD. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥2,458.14 and JP¥2,410.94. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -9.38%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Thursday, May 11, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, May 11, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for RYOHIN KEIKAKU CO.,LTD. stock
RYOHIN KEIKAKU CO.,LTD. finds support from accumulated volume at JP¥2,309.50 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¥100.50 between high and low, or 4.47%. For the last week, the stock has had daily average volatility of 4.71%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (7453.T) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect RYOHIN KEIKAKU CO.,LTD. to open at JP¥2,310.67, and during the day (based on 14 day Average True Range), to move between JP¥2,251.80 and JP¥2,423.20, which gives a possible trading interval of +/-JP¥85.70 (+/-3.67%) up or down from last closing price. If RYOHIN KEIKAKU CO.,LTD. takes out the full calculated possible swing range there will be an estimated 7.33% 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¥2,309.50 (1.20%) than the resistance at JP¥2,399.50 (2.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is RYOHIN KEIKAKU CO.,LTD. stock A Buy?
The RYOHIN KEIKAKU CO.,LTD. stock holds several negative signals and despite the positive trend, we believe RYOHIN KEIKAKU CO.,LTD. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.889 Sell Candidate Unchanged
Predicted Opening Price for RYOHIN KEIKAKU CO.,LTD. of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| JP¥2,310.67 ( 1.15%) | JP¥2,337.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7453.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,411.17 | 3.15 % | |
| R2 | 2,372.78 | 1.51 % | ||
| R1 | 2,349.06 | 0.494 % | ||
| Current price: | 2,337.50 | |||
| Support | S1 | 2,272.28 | -2.79 % | |
| S2 | 2,248.56 | -3.81 % | ||
| S3 | 2,210.17 | -5.45 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,497.50 | 6.84 % | |
| R2 | 2,475.00 | 5.88 % | ||
| R1 | 2,399.50 | 2.65 % | ||
| Current price | 2,337.50 | |||
| Support | S1 | 2,309.50 | -1.20% | |
| S2 | 2,253.50 | -3.59% | ||
| S3 | 2,137.00 | -8.58% |
7453 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2024 | Aug 29, 2024 | Aug 29, 2024 | JP¥0 | 0% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | JP¥0 | 0% |
| 3 | Aug 30, 2023 | Aug 30, 2023 | Aug 30, 2023 | JP¥20.00 | 1.07% |
| 4 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | JP¥20.00 | 1.45% |
| 5 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | JP¥20.00 | 1.57% |
FAQ
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