UORIKI CO.,LTD. Stock Forecast
UORIKI CO.,LTD. stock downgraded to Sell Candidate
(Updated on May 01, 2024)
The UORIKI CO.,LTD. stock price gained 0.548% on the last trading day (Wednesday, 1st May 2024), rising from JP¥2,373.00 to JP¥2,386.00. 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 0.97% from a day low at JP¥2,364.00 to a day high of JP¥2,387.00. The price has risen in 6 of the last 10 days and is up by 1.06% over the past 2 weeks. Volume fell on the last day by -6 thousand shares and in total, 7 thousand shares were bought and sold for approximately JP¥15.99 million. 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 is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect UORIKI CO.,LTD. stock with a 90% probability to be traded between JP¥2,296.23 and JP¥2,455.71 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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7596.T Signals & Forecast
There are mixed signals in the stock today. The UORIKI CO.,LTD. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥2,414.94. On a fall, the stock will find some support from the short-term average at JP¥2,368.43. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 2.01%. Further rise is indicated until a new top pivot has been found. 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.
A buy signal from a double bottom formation was found on Friday, April 19, 2024 and based on theory for this formation the price should go up by 10.49% to JP¥2,636.38 within 32 trading days since signal was issued (Thursday, May 02, 2024).
Support, Risk & Stop-loss for UORIKI CO.,LTD. stock
UORIKI CO.,LTD. finds support from accumulated volume at JP¥2,373.00 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¥23.00 between high and low, or 0.97%. For the last week the stock has had daily average volatility of 1.19%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (7596.T) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect UORIKI CO.,LTD. to open at JP¥2,379.00, and during the day (based on 14 day Average True Range), to move between JP¥2,349.96 and JP¥2,422.04, which gives a possible trading interval of +/-JP¥36.04 (+/-1.51%) up or down from last closing price. If UORIKI CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.02% 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¥2,373.00 (0.54%) than the resistance at JP¥2,406.00 (0.84%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
UORIKI CO.,LTD. will release earnings BMO on Tuesday, May 07, 2024. We will update the financials statements for UORIKI CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.14% in the first trading day after earnings release.
Is UORIKI CO.,LTD. stock A Buy?
UORIKI CO.,LTD. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.072 Sell Candidate Downgraded
Predicted Opening Price for UORIKI CO.,LTD. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| JP¥2,379.00 ( 0.293%) | JP¥2,386.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7596.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,402.00 | 0.671 % | |
| R2 | 2,393.21 | 0.302 % | ||
| R1 | 2,387.79 | 0.0749 % | ||
| Current price: | 2,386.00 | |||
| Support | S1 | 2,370.21 | -0.662 % | |
| S2 | 2,364.79 | -0.89 % | ||
| S3 | 2,356.00 | -1.26 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,496.00 | 4.61 % | |
| R2 | 2,478.00 | 3.86 % | ||
| R1 | 2,406.00 | 0.84 % | ||
| Current price | 2,386.00 | |||
| Support | S1 | 2,373.00 | -0.545% | |
| S2 | 2,361.00 | -1.05% | ||
| S3 | 2,339.00 | -1.97% |
7596 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¥24.00 | 1.12% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥24.00 | 1.11% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥24.00 | 1.15% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥30.00 | 1.39% |
FAQ
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