Shinwa Co.,Ltd. Stock Forecast
Shinwa Co.,Ltd. stock price up 1.12% on Tuesday
(Updated on May 07, 2024)
The Shinwa Co.,Ltd. stock price gained 1.12% on the last trading day (Tuesday, 7th May 2024), rising from JP¥2,778.00 to JP¥2,809.00. During the last trading day the stock fluctuated 1.41% from a day low at JP¥2,770.00 to a day high of JP¥2,809.00. The price has risen in 6 of the last 10 days and is up by 3.08% 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, 3 thousand more shares were traded than the day before. In total, 11 thousand shares were bought and sold for approximately JP¥31.46 million.
The stock lies in the upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at JP¥2,829.68 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 16.13% during the next 3 months and, with a 90% probability hold a price between JP¥3,064.04 and JP¥3,286.00 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¥2,755.86 and JP¥2,677.94. 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 Tuesday, April 30, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Shinwa Co.,Ltd. stock
Shinwa Co.,Ltd. finds support from accumulated volume at JP¥2,671.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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¥39.00 (1.41%) between high and low. For the last week, the stock has had daily average volatility of 1.80%.
Our recommended stop-loss: JP¥2,702.26 (-3.80%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (7607.T) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Shinwa Co.,Ltd. to open at JP¥2,796.00, and during the day (based on 14 day Average True Range), to move between JP¥2,751.15 and JP¥2,866.85, which gives a possible trading interval of +/-JP¥57.85 (+/-2.06%) up or down from last closing price. If Shinwa Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 4.12% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥2,671.00, some JP¥138.00 (4.91%) from the current price of JP¥2,809.00, our system finds the risk reward attractive.
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: 2.696 Buy Candidate Unchanged
Predicted Opening Price for Shinwa Co.,Ltd. of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| JP¥2,796.00 ( 0.463%) | JP¥2,809.00 |
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 | 2,835.00 | 0.93 % | |
| R2 | 2,820.10 | 0.395 % | ||
| R1 | 2,810.90 | 0.0676 % | ||
| Current price: | 2,809.00 | |||
| Support | S1 | 2,781.10 | -0.99 % | |
| S2 | 2,771.90 | -1.32 % | ||
| S3 | 2,757.00 | -1.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 2,809.00 | |||
| Support | S1 | 2,671.00 | -4.91% | |
| S2 | 2,461.00 | -12.39% | ||
| S3 | 2,417.00 | -13.96% |
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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