JMS CO.,LTD. Stock Forecast
JMS CO.,LTD. stock upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on May 01, 2024)
The JMS CO.,LTD. stock price fell by -0.94% on the last day (Wednesday, 1st May 2024) from JP¥534.00 to JP¥529.00. During the last trading day the stock fluctuated 0.760% from a day low at JP¥526.00 to a day high of JP¥530.00. The price has risen in 6 of the last 10 days and is up by 1.15% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -8 thousand shares and in total, 9 thousand shares were bought and sold for approximately JP¥4.87 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect JMS CO.,LTD. stock with a 90% probability to be traded between JP¥523.40 and JP¥563.92 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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7702.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.12%. 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 JMS CO.,LTD. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥529.23. On a fall, the stock will find some support from the short-term average at JP¥525.57. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for JMS CO.,LTD. stock
JMS CO.,LTD. finds support from accumulated volume at JP¥527.00 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¥4.00 between high and low, or 0.760%. For the last week the stock has had daily average volatility of 1.07%.
Our recommended stop-loss: JP¥501.34 (-5.23%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (7702.T) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect JMS CO.,LTD. to open at JP¥528.33, and during the day (based on 14 day Average True Range), to move between JP¥521.93 and JP¥536.07, which gives a possible trading interval of +/-JP¥7.07 (+/-1.34%) up or down from last closing price. If JMS CO.,LTD. takes out the full calculated possible swing range there will be an estimated 2.67% 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¥527.00 (0.38%) than the resistance at JP¥538.00 (1.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is JMS CO.,LTD. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for JMS CO.,LTD. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.440 Buy Candidate Upgraded
Predicted Opening Price for JMS CO.,LTD. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| JP¥528.33 ( 0.126%) | JP¥529.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7702.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 532.33 | 0.630 % | |
| R2 | 530.81 | 0.341 % | ||
| R1 | 529.86 | 0.163 % | ||
| Current price: | 529.00 | |||
| Support | S1 | 526.81 | -0.415 % | |
| S2 | 525.86 | -0.593 % | ||
| S3 | 524.33 | -0.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 548.00 | 3.59 % | |
| R2 | 547.00 | 3.40 % | ||
| R1 | 538.00 | 1.70 % | ||
| Current price | 529.00 | |||
| Support | S1 | 527.00 | -0.378% | |
| S2 | 519.00 | -1.89% | ||
| S3 | 513.00 | -3.02% |
7702 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥8.50 | 1.55% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥8.50 | 1.64% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥8.50 | 1.57% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥8.50 | 1.36% |
FAQ
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