POPLAR CO.,Ltd. Stock Forecast
POPLAR CO.,Ltd. stock price down 0.87% on Thursday
(Updated on May 02, 2024)
The POPLAR CO.,Ltd. stock price fell by -0.87% on the last day (Thursday, 2nd May 2024) from JP¥229.00 to JP¥227.00. During the last trading day the stock fluctuated 1.32% from a day low at JP¥227.00 to a day high of JP¥230.00. The price has fallen in 5 of the last 10 days and is down by -2.99% for this period. Volume has increased on the last day by 22 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 36 thousand shares were bought and sold for approximately JP¥8.19 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -16.06% during the next 3 months and, with a 90% probability hold a price between JP¥122.90 and JP¥287.81 at the end of this 3-month period.
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7601.T Signals & Forecast
There are few to no technical positive signals at the moment. The POPLAR 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¥232.29 and JP¥253.31. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, February 09, 2024, and so far it has fallen -43.81%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for POPLAR CO.,Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥212.00. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at JP¥ may give a huge drop in the stock price.
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¥3.00 between high and low, or 1.32%. For the last week, the stock has had daily average volatility of 2.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (7601.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect POPLAR CO.,Ltd. to open at JP¥228.00, and during the day (based on 14 day Average True Range), to move between JP¥216.75 and JP¥237.25, which gives a possible trading interval of +/-JP¥10.25 (+/-4.51%) up or down from last closing price. If POPLAR CO.,Ltd. takes out the full calculated possible swing range there will be an estimated 9.03% 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¥230.00 (1.32%) than the support at JP¥212.00 (6.61%), 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 POPLAR CO.,Ltd. stock A Buy?
POPLAR CO.,Ltd. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.437 Sell Candidate Unchanged
Predicted Opening Price for POPLAR CO.,Ltd. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥228.00 ( 0.441%) | JP¥227.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7601.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 231.00 | 1.76 % | |
| R2 | 229.85 | 1.26 % | ||
| R1 | 229.15 | 0.95 % | ||
| Current price: | 227.00 | |||
| Support | S1 | 226.85 | -0.0643 % | |
| S2 | 226.15 | -0.376 % | ||
| S3 | 225.00 | -0.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 269.00 | 18.50 % | |
| R2 | 244.00 | 7.49 % | ||
| R1 | 230.00 | 1.32 % | ||
| Current price | 227.00 | |||
| Support | S1 | 212.00 | -6.61% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
7601 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 28, 2013 | Aug 28, 2013 | Aug 28, 2013 | JP¥5.00 | 0.86% |
| 2 | Feb 26, 2013 | Feb 26, 2013 | Feb 26, 2013 | JP¥5.00 | 0.91% |
| 3 | Aug 29, 2012 | Aug 29, 2012 | Aug 29, 2012 | JP¥5.00 | 0.94% |
| 4 | Feb 27, 2012 | Feb 27, 2012 | Feb 27, 2012 | JP¥5.00 | 1.02% |
| 5 | Aug 29, 2011 | Aug 29, 2011 | Aug 29, 2011 | JP¥5.00 | 1.14% |
FAQ
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