SUGI HOLDINGS Co.,LTD. Stock Forecast
SUGI HOLDINGS Co.,LTD. stock downgraded to Sell Candidate
(Updated on Apr 18, 2024)
The SUGI HOLDINGS Co.,LTD. stock price fell by -1.42% on the last day (Thursday, 18th Apr 2024) from JP¥2,395.50 to JP¥2,361.50. During the last trading day the stock fluctuated 1.95% from a day low at JP¥2,355.50 to a day high of JP¥2,401.50. The price has fallen in 6 of the last 10 days and is down by -4.74% for this period. Volume has increased on the last day by 28 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, 566 thousand shares were bought and sold for approximately JP¥1.34 billion.
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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7649.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, March 04, 2024, and so far it has risen 1.35%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The SUGI HOLDINGS 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¥2,412.64 and JP¥2,481.17. A break-up above any of these levels will issue buy signals. 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 SUGI HOLDINGS Co.,LTD. stock
SUGI HOLDINGS Co.,LTD. finds support from accumulated volume at JP¥2,349.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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¥46.00 between high and low, or 1.95%. For the last week, the stock has had daily average volatility of 1.67%.
SUGI HOLDINGS Co.,LTD. is oversold on RSI14 (18). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (7649.T) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect SUGI HOLDINGS Co.,LTD. to open at JP¥2,372.83, and during the day (based on 14 day Average True Range), to move between JP¥2,273.80 and JP¥2,449.20, which gives a possible trading interval of +/-JP¥87.70 (+/-3.71%) up or down from last closing price. If SUGI HOLDINGS Co.,LTD. takes out the full calculated possible swing range there will be an estimated 7.43% 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¥2,369.00 (0.32%) than the support at JP¥2,349.50 (0.51%), 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 SUGI HOLDINGS Co.,LTD. stock A Buy?
SUGI HOLDINGS 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.322 Sell Candidate Downgraded
Predicted Opening Price for SUGI HOLDINGS Co.,LTD. of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| JP¥2,372.83 ( 0.480%) | JP¥2,361.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7649.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,418.83 | 2.43 % | |
| R2 | 2,401.26 | 1.68 % | ||
| R1 | 2,390.41 | 1.22 % | ||
| Current price: | 2,361.50 | |||
| Support | S1 | 2,355.26 | -0.264 % | |
| S2 | 2,344.41 | -0.724 % | ||
| S3 | 2,326.83 | -1.47 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,538.50 | 7.50 % | |
| R2 | 2,488.00 | 5.36 % | ||
| R1 | 2,369.00 | 0.318 % | ||
| Current price | 2,361.50 | |||
| Support | S1 | 2,349.50 | -0.508% | |
| S2 | 2,337.50 | -1.02% | ||
| S3 | 2,330.00 | -1.33% |
7649 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 | 1.84% |
| 4 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | JP¥40.00 | 2.13% |
| 5 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | JP¥40.00 | 1.99% |
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