ICHIBANYA CO.,LTD. Stock Forecast
ICHIBANYA CO.,LTD. stock price ended at JP¥1,084.00 on Wednesday, after losing 2.08%.
(Updated on May 08, 2024)
The ICHIBANYA CO.,LTD. stock price fell by -2.08% on the last day (Wednesday, 8th May 2024) from JP¥1,107.00 to JP¥1,084.00. During the last trading day the stock fluctuated 1.75% from a day low at JP¥1,084.00 to a day high of JP¥1,103.00. The price has been going up and down for this period, and there has been a -0.28% loss for the last 2 weeks. Volume has increased on the last day by 55 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, 353 thousand shares were bought and sold for approximately JP¥382.33 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. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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7630.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 1.12%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The ICHIBANYA 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¥1,092.71 and JP¥1,141.43. A break-up above any of these levels will issue buy signals. 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 ICHIBANYA CO.,LTD. stock
ICHIBANYA CO.,LTD. finds support from accumulated volume at JP¥1,081.00 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¥19.00 between high and low, or 1.75%. For the last week the stock has had daily average volatility of 1.73%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (7630.T) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect ICHIBANYA CO.,LTD. to open at JP¥1,090.33, and during the day (based on 14 day Average True Range), to move between JP¥1,046.93 and JP¥1,121.07, which gives a possible trading interval of +/-JP¥37.07 (+/-3.42%) up or down from last closing price. If ICHIBANYA CO.,LTD. takes out the full calculated possible swing range there will be an estimated 6.84% 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¥1,081.00 (0.28%) than the resistance at JP¥1,107.00 (2.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ICHIBANYA CO.,LTD. stock A Buy?
ICHIBANYA 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: -2.428 Sell Candidate Unchanged
Predicted Opening Price for ICHIBANYA CO.,LTD. of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| JP¥1,090.33 ( 0.584%) | JP¥1,084.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7630.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,109.33 | 2.34 % | |
| R2 | 1,102.08 | 1.67 % | ||
| R1 | 1,097.59 | 1.25 % | ||
| Current price: | 1,084.00 | |||
| Support | S1 | 1,083.08 | -0.0853 % | |
| S2 | 1,078.59 | -0.499 % | ||
| S3 | 1,071.33 | -1.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,235.00 | 13.93 % | |
| R2 | 1,210.00 | 11.62 % | ||
| R1 | 1,107.00 | 2.12 % | ||
| Current price | 1,084.00 | |||
| Support | S1 | 1,081.00 | -0.277% | |
| S2 | 1,072.00 | -1.11% | ||
| S3 | 0 | . |
7630 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¥40.00 | 3.65% |
| 4 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | JP¥40.00 | 4.37% |
| 5 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | JP¥40.00 | 4.43% |
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