SUGI HOLDINGS Co.,LTD. Stock Forecast
Red day on Wednesday for SUGI HOLDINGS Co.,LTD.
(Updated on May 01, 2024)
The SUGI HOLDINGS Co.,LTD. stock price fell by -0.517% on the last day (Wednesday, 1st May 2024) from JP¥2,321.00 to JP¥2,309.00. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 1.46% from a day low at JP¥2,291.00 to a day high of JP¥2,324.50. The price has fallen in 7 of the last 10 days and is down by -3.21% for this period. Volume has increased on the last day by 209 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, 588 thousand shares were bought and sold for approximately JP¥1.36 billion.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is JP¥1,427.12, a level that may pose a second chance to hit a runner. According to fan-theory JP¥4,101.10 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt. 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
There are few to no technical positive signals at the moment. 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¥2,349.71 and JP¥2,473.01. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 29, 2024, and so far it has fallen -11.31%. 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.
Support, Risk & Stop-loss for SUGI HOLDINGS Co.,LTD. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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¥33.50 between high and low, or 1.46%. For the last week, the stock has had daily average volatility of 1.78%.
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 Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect SUGI HOLDINGS Co.,LTD. to open at JP¥2,308.17, and during the day (based on 14 day Average True Range), to move between JP¥2,239.91 and JP¥2,378.09, which gives a possible trading interval of +/-JP¥69.09 (+/-2.99%) 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 5.98% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ JP¥2,369.00, some JP¥60.00 (2.60%) from the current price of JP¥2,309.00, our system finds the risk reward not very attractive.
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.
Current score: -4.387 Sell Candidate Unchanged
Predicted Opening Price for SUGI HOLDINGS Co.,LTD. of Thursday, May 2, 2024
Fair opening price May 2, 2024 | Current price |
---|---|
JP¥2,308.17 ( 0.0361%) | JP¥2,309.00 |
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 | 2,341.67 | 1.41 % | |
R2 | 2,328.87 | 0.86 % | ||
R1 | 2,320.96 | 0.518 % | ||
Current price: | 2,309.00 | |||
Support | S1 | 2,295.37 | -0.590 % | |
S2 | 2,287.46 | -0.93 % | ||
S3 | 2,274.67 | -1.49 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2,538.50 | 9.94 % | |
R2 | 2,488.00 | 7.75 % | ||
R1 | 2,369.00 | 2.60 % | ||
Current price | 2,309.00 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
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% |
FAQ
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