OM2Network Co.,Ltd. Stock Forecast
Red day on Wednesday for OM2Network Co.,Ltd. stock after losing 0.0627%
(Updated on May 29, 2024)
The OM2Network Co.,Ltd. stock price fell by -0.0627% on the last day (Wednesday, 29th May 2024) from JP¥1,594.00 to JP¥1,593.00. During the last trading day the stock fluctuated 0.695% from a day low at JP¥1,583.00 to a day high of JP¥1,594.00. The price has fallen in 6 of the last 10 days and is down by -0.44% for this period. Volume has increased on the last day by 2 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, 2 thousand shares were bought and sold for approximately JP¥3.66 million.
The stock lies in the middle of a narrow and weak 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 7.41% during the next 3 months and, with a 90% probability hold a price between JP¥1,677.05 and JP¥1,746.31 at the end of this 3-month period.
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7614.T Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -0.748%. 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. The OM2Network 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¥1,590.43 and JP¥1,583.11. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for OM2Network Co.,Ltd. stock
OM2Network Co.,Ltd. finds support from accumulated volume at JP¥1,540.00 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¥11.00 between high and low, or 0.695%. For the last week the stock has had daily average volatility of 0.721%.
Our recommended stop-loss: JP¥1,540.04 (-3.32%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 35 days ago.)
Trading Expectations (7614.T) For The Upcoming Trading Day Of Thursday 30th
For the upcoming trading day on Thursday, 30th we expect OM2Network Co.,Ltd. to open at JP¥1,590.00, and during the day (based on 14 day Average True Range), to move between JP¥1,572.18 and JP¥1,613.82, which gives a possible trading interval of +/-JP¥20.82 (+/-1.31%) up or down from last closing price. If OM2Network Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 2.61% 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¥1,600.00 (0.44%) than the support at JP¥1,540.00 (3.33%), 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 OM2Network 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 OM2Network Co.,Ltd. stock to perform well in the short-term.
Current score: 1.168 Buy Candidate Unchanged
Predicted Opening Price for OM2Network Co.,Ltd. of Thursday, May 30, 2024
Fair opening price May 30, 2024 | Current price |
---|---|
JP¥1,590.00 ( 0.188%) | JP¥1,593.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7614.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1,601.00 | 0.502 % | |
R2 | 1,596.80 | 0.238 % | ||
R1 | 1,594.20 | 0.0755 % | ||
Current price: | 1,593.00 | |||
Support | S1 | 1,585.80 | -0.452 % | |
S2 | 1,583.20 | -0.615 % | ||
S3 | 1,579.00 | -0.88 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1,605.00 | 0.753 % | |
R2 | 1,601.00 | 0.502 % | ||
R1 | 1,600.00 | 0.439 % | ||
Current price | 1,593.00 | |||
Support | S1 | 1,540.00 | -3.33% | |
S2 | 1,529.00 | -4.02% | ||
S3 | 1,500.00 | -5.84% |
7614 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 30, 2025 | Jan 30, 2025 | Jan 30, 2025 | JP¥0 | 0% |
2 | Jan 30, 2024 | Jan 30, 2024 | Jan 30, 2024 | JP¥0 | 0% |
3 | Jan 30, 2023 | Jan 30, 2023 | Jan 30, 2023 | JP¥24.00 | 2.25% |
4 | Jan 28, 2022 | Jan 28, 2022 | Jan 28, 2022 | JP¥24.00 | 2.22% |
5 | Jan 28, 2021 | Jan 28, 2021 | Jan 28, 2021 | JP¥24.00 | 2.01% |
FAQ
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