Shinwa Co.,Ltd. Stock Forecast
Shinwa Co.,Ltd. stock price up 0.85% on Friday
(Updated on Apr 26, 2024)
The Shinwa Co.,Ltd. stock price gained 0.85% on the last trading day (Friday, 26th Apr 2024), rising from JP¥2,698.00 to JP¥2,721.00. 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 2.02% from a day low at JP¥2,671.00 to a day high of JP¥2,725.00. The price has risen in 6 of the last 10 days and is up by 0.48% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 16 thousand shares were bought and sold for approximately JP¥43.26 million.
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 14.41% during the next 3 months and, with a 90% probability hold a price between JP¥2,941.82 and JP¥3,243.05 at the end of this 3-month period.
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7607.T Signals & Forecast
The Shinwa 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¥2,685.14 and JP¥2,649.34. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -2.19%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Shinwa Co.,Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥2,461.00 and JP¥2,440.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Shinwa Co.,Ltd. finds support just below today's level at JP¥2,461.00. If this is broken, then the next support from accumulated volume will be at JP¥2,440.00 and JP¥2,417.00.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥54.00 (2.02%) between high and low. For the last week, the stock has had daily average volatility of 1.68%.
Our recommended stop-loss: JP¥2,605.56 (-4.24%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (7607.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Shinwa Co.,Ltd. to open at JP¥2,705.67, and during the day (based on 14 day Average True Range), to move between JP¥2,659.18 and JP¥2,782.82, which gives a possible trading interval of +/-JP¥61.82 (+/-2.27%) up or down from last closing price. If Shinwa Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 4.54% 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¥2,733.00 (0.44%) than the support at JP¥2,461.00 (9.56%), 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 Shinwa 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 Shinwa Co.,Ltd. stock to perform well in the short-term.
Current score: 4.410 Buy Candidate Unchanged
Predicted Opening Price for Shinwa Co.,Ltd. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥2,705.67 ( 0.564%) | JP¥2,721.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7607.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,759.67 | 1.42 % | |
| R2 | 2,739.04 | 0.663 % | ||
| R1 | 2,726.29 | 0.195 % | ||
| Current price: | 2,721.00 | |||
| Support | S1 | 2,685.04 | -1.32 % | |
| S2 | 2,672.29 | -1.79 % | ||
| S3 | 2,651.67 | -2.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,782.00 | 2.24 % | |
| R2 | 2,745.00 | 0.88 % | ||
| R1 | 2,733.00 | 0.441 % | ||
| Current price | 2,721.00 | |||
| Support | S1 | 2,461.00 | -9.56% | |
| S2 | 2,440.00 | -10.33% | ||
| S3 | 2,417.00 | -11.17% |
7607 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¥36.00 | 1.64% |
| 4 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | JP¥36.00 | 1.72% |
| 5 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | JP¥48.00 | 2.19% |
FAQ
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