OLYMPUS CORPORATION Stock Forecast
Green day on Thursday for OLYMPUS CORPORATION
(Updated on May 02, 2024)
The OLYMPUS CORPORATION stock price gained 2.97% on the last trading day (Thursday, 2nd May 2024), rising from JP¥2,191.00 to JP¥2,256.00. During the last trading day the stock fluctuated 3.01% from a day low at JP¥2,190.00 to a day high of JP¥2,256.00. The price has risen in 6 of the last 10 days and is up by 2.34% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately JP¥8.75 billion.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at JP¥2,267.01 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect OLYMPUS CORPORATION stock with a 90% probability to be traded between JP¥2,117.82 and JP¥2,302.14 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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7733.T Signals & Forecast
Mostly positive signals in the chart today. The OLYMPUS CORPORATION 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¥2,201.50 and JP¥2,174.06. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 7.61%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for OLYMPUS CORPORATION stock
OLYMPUS CORPORATION finds support from accumulated volume at JP¥2,240.00 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¥66.00 between high and low, or 3.01%. For the last week the stock has had daily average volatility of 2.43%.
Our recommended stop-loss: JP¥2,165.89 (-3.99%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (7733.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect OLYMPUS CORPORATION to open at JP¥2,234.00, and during the day (based on 14 day Average True Range), to move between JP¥2,196.33 and JP¥2,315.67, which gives a possible trading interval of +/-JP¥59.67 (+/-2.64%) up or down from last closing price. If OLYMPUS CORPORATION takes out the full calculated possible swing range there will be an estimated 5.29% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥2,240.00, some JP¥16.00 (0.71%) from the current price of JP¥2,256.00, our system finds the risk reward attractive.
Earnings coming up
OLYMPUS CORPORATION will release earnings BMO on Friday, May 10, 2024.The consensus among the analysts for the expected earnings (EPS) is $17.89. We will update the financials statements for OLYMPUS CORPORATION, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.00% in the first trading day after earnings release.
Is OLYMPUS CORPORATION 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 OLYMPUS CORPORATION stock to perform well in the short-term period.
Current score: 4.070 Buy Candidate Unchanged
Predicted Opening Price for OLYMPUS CORPORATION of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥2,234.00 ( 0.98%) | JP¥2,256.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7733.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,300.00 | 1.95 % | |
| R2 | 2,274.79 | 0.83 % | ||
| R1 | 2,259.21 | 0.142 % | ||
| Current price: | 2,256.00 | |||
| Support | S1 | 2,208.79 | -2.09 % | |
| S2 | 2,193.21 | -2.78 % | ||
| S3 | 2,168.00 | -3.90 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 2,256.00 | |||
| Support | S1 | 2,240.00 | -0.709% | |
| S2 | 2,191.00 | -2.88% | ||
| S3 | 2,173.50 | -3.66% |
7733 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥16.00 | 0.702% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥14.00 | 0.601% |
| 4 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥12.00 | 0.519% |
| 5 | May 28, 2020 | May 28, 2020 | May 28, 2020 | JP¥10.00 | 0.540% |
FAQ
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