RYOHIN KEIKAKU CO.,LTD. Stock Forecast
RYOHIN KEIKAKU CO.,LTD. stock price ended at JP¥2,555.50 on Tuesday, after gaining 3.25%.
(Updated on Apr 30, 2024)
The RYOHIN KEIKAKU CO.,LTD. stock price gained 3.25% on the last trading day (Tuesday, 30th Apr 2024), rising from JP¥2,475.00 to JP¥2,555.50. During the last trading day the stock fluctuated 2.79% from a day low at JP¥2,495.00 to a day high of JP¥2,564.50. The price has risen in 7 of the last 10 days and is up by 6.5% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 3 million shares were bought and sold for approximately JP¥7.90 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 middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 14.56% during the next 3 months and, with a 90% probability hold a price between JP¥2,703.88 and JP¥3,051.97 at the end of this 3-month period.
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7453.T Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -0.93%. 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 RYOHIN KEIKAKU 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¥2,500.64 and JP¥2,433.49. A breakdown below any of these levels will issue sell signals. 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. 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¥2,475.00 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¥69.50 between high and low, or 2.79%. For the last week, the stock has had daily average volatility of 2.57%.
Our recommended stop-loss: JP¥2,463.17 (-3.61%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (7453.T) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect RYOHIN KEIKAKU CO.,LTD. to open at JP¥2,538.33, and during the day (based on 14 day Average True Range), to move between JP¥2,475.95 and JP¥2,635.05, which gives a possible trading interval of +/-JP¥79.55 (+/-3.11%) 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 6.23% 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¥2,564.50 (0.35%) than the support at JP¥2,475.00 (3.15%), 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 RYOHIN KEIKAKU 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 RYOHIN KEIKAKU CO.,LTD. stock to perform well in the short-term.
Current score: 3.009 Buy Candidate Unchanged
Predicted Opening Price for RYOHIN KEIKAKU CO.,LTD. of Wednesday, May 1, 2024
Fair opening price May 1, 2024 | Current price |
---|---|
JP¥2,538.33 ( 0.672%) | JP¥2,555.50 |
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 | 2,607.83 | 2.05 % | |
R2 | 2,581.28 | 1.01 % | ||
R1 | 2,564.88 | 0.367 % | ||
Current price: | 2,555.50 | |||
Support | S1 | 2,511.78 | -1.71 % | |
S2 | 2,495.38 | -2.35 % | ||
S3 | 2,468.83 | -3.39 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2,579.50 | 0.94 % | |
R2 | 2,568.50 | 0.509 % | ||
R1 | 2,564.50 | 0.352 % | ||
Current price | 2,555.50 | |||
Support | S1 | 2,475.00 | -3.15% | |
S2 | 2,399.50 | -6.10% | ||
S3 | 2,137.00 | -16.38% |
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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