SHIMOJIMA Co.,Ltd. Stock Forecast
SHIMOJIMA Co.,Ltd. stock upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Apr 24, 2024)
No changes to the price of SHIMOJIMA Co.,Ltd. stock on the last trading day (Wednesday, 24th Apr 2024). During the last trading day the stock fluctuated 1.45% from a day low at JP¥1,242.00 to a day high of JP¥1,260.00. The price has fallen in 5 of the last 10 days and is down by -6.49% for this period.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at JP¥1,227.87 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect SHIMOJIMA Co.,Ltd. stock with a 90% probability to be traded between JP¥1,242.80 and JP¥1,494.77 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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7482.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 2.12%. Further rise is indicated until a new top pivot has been found. The volume rose on the last day while price remained unchanged. This may be an early warning and 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 SHIMOJIMA Co.,Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥1,257.14 and JP¥1,342.63. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for SHIMOJIMA Co.,Ltd. stock
SHIMOJIMA Co.,Ltd. finds support from accumulated volume at JP¥1,246.00 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¥18.00 between high and low, or 1.45%. For the last week, the stock has had daily average volatility of 1.72%.
Our recommended stop-loss: JP¥1,182.59 (-5.62%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (7482.T) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect SHIMOJIMA Co.,Ltd. to open at JP¥1,251.67, and during the day (based on 14 day Average True Range), to move between JP¥1,225.83 and JP¥1,280.17, which gives a possible trading interval of +/-JP¥27.17 (+/-2.17%) up or down from last closing price. If SHIMOJIMA Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 4.34% 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¥1,246.00 (0.56%) than the resistance at JP¥1,291.00 (3.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SHIMOJIMA Co.,Ltd. stock A Buy?
SHIMOJIMA Co.,Ltd. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.765 Hold/Accumulate Upgraded
Predicted Opening Price for SHIMOJIMA Co.,Ltd. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| JP¥1,251.67 ( 0.106%) | JP¥1,253.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7482.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,269.67 | 1.33 % | |
| R2 | 1,262.79 | 0.781 % | ||
| R1 | 1,258.54 | 0.442 % | ||
| Current price: | 1,253.00 | |||
| Support | S1 | 1,244.79 | -0.655 % | |
| S2 | 1,240.54 | -0.99 % | ||
| S3 | 1,233.67 | -1.54 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,471.00 | 17.40 % | |
| R2 | 1,385.00 | 10.53 % | ||
| R1 | 1,291.00 | 3.03 % | ||
| Current price | 1,253.00 | |||
| Support | S1 | 1,246.00 | -0.559% | |
| S2 | 1,240.00 | -1.04% | ||
| S3 | 1,227.00 | -2.08% |
7482 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥11.00 | 0.94% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥11.00 | 1.14% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥11.00 | 1.06% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥11.00 | 1.16% |
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