RIKEN KEIKI CO.,LTD. Stock Forecast
Evaluation of RIKEN KEIKI CO.,LTD. stock downgraded after the last trading session.
(Updated on May 20, 2024)
The RIKEN KEIKI CO.,LTD. stock price gained 0.545% on the last trading day (Monday, 20th May 2024), rising from JP¥3,670.00 to JP¥3,690.00. During the last trading day the stock fluctuated 2.07% from a day low at JP¥3,625.00 to a day high of JP¥3,700.00. The price has fallen in 6 of the last 10 days and is down by -4.4% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 22 thousand more shares were traded than the day before. In total, 76 thousand shares were bought and sold for approximately JP¥279.70 million.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at JP¥4,167.83 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -57.21% during the next 3 months and, with a 90% probability hold a price between JP¥688.44 and JP¥1,783.56 at the end of this 3-month period. 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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7734.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 4.53%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The RIKEN KEIKI CO.,LTD. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥3,778.57 and JP¥3,726.86. 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).
Support, Risk & Stop-loss for RIKEN KEIKI CO.,LTD. stock
RIKEN KEIKI CO.,LTD. finds support from accumulated volume at JP¥3,665.00 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¥75.00 between high and low, or 2.07%. For the last week, the stock has had daily average volatility of 3.39%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (7734.T) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect RIKEN KEIKI CO.,LTD. to open at JP¥3,671.67, and during the day (based on 14 day Average True Range), to move between JP¥3,547.52 and JP¥3,832.48, which gives a possible trading interval of +/-JP¥142.48 (+/-3.86%) up or down from last closing price. If RIKEN KEIKI CO.,LTD. takes out the full calculated possible swing range there will be an estimated 7.72% 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¥3,665.00 (0.68%) than the resistance at JP¥3,800.00 (2.98%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is RIKEN KEIKI CO.,LTD. stock A Buy?
RIKEN KEIKI 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: -1.395 Sell Candidate Downgraded
Predicted Opening Price for RIKEN KEIKI CO.,LTD. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| JP¥3,671.67 ( 0.497%) | JP¥3,690.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7734.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,746.67 | 1.54 % | |
| R2 | 3,718.02 | 0.759 % | ||
| R1 | 3,700.32 | 0.280 % | ||
| Current price: | 3,690.00 | |||
| Support | S1 | 3,643.02 | -1.27 % | |
| S2 | 3,625.32 | -1.75 % | ||
| S3 | 3,596.67 | -2.53 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,930.00 | 6.50 % | |
| R2 | 3,870.00 | 4.88 % | ||
| R1 | 3,800.00 | 2.98 % | ||
| Current price | 3,690.00 | |||
| Support | S1 | 3,665.00 | -0.678% | |
| S2 | 3,635.00 | -1.49% | ||
| S3 | 3,540.00 | -4.07% |
7734 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥40.00 | 1.31% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥40.00 | 1.53% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥40.00 | 2.05% |
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