PILOT CORPORATION Stock Forecast
PILOT CORPORATION stock upgraded to Buy Candidate.
(Updated on May 01, 2024)
The PILOT CORPORATION stock price gained 0.663% on the last trading day (Wednesday, 1st May 2024), rising from JP¥4,225.00 to JP¥4,253.00. During the last trading day the stock fluctuated 1.48% from a day low at JP¥4,196.00 to a day high of JP¥4,258.00. The price has been going up and down for this period, and there has been a 3.35% gain for the last 2 weeks. Volume fell on the last day by -24 thousand shares and in total, 69 thousand shares were bought and sold for approximately JP¥292.61 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.20% during the next 3 months and, with a 90% probability hold a price between JP¥4,238.95 and JP¥4,713.88 at the end of this 3-month period.
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7846.T Signals & Forecast
The PILOT 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¥4,186.71 and JP¥4,031.26. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, February 15, 2024, and so far it has risen 14.98%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for PILOT CORPORATION stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥3,827.00 and JP¥3,778.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, PILOT CORPORATION finds support just below today's level at JP¥3,827.00. If this is broken, then the next support from accumulated volume will be at JP¥3,778.00 and JP¥3,699.00.
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¥62.00 between high and low, or 1.48%. For the last week the stock has had daily average volatility of 1.34%.
Our recommended stop-loss: JP¥4,114.35 (-3.26%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 51 days ago.)
Trading Expectations (7846.T) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect PILOT CORPORATION to open at JP¥4,235.67, and during the day (based on 14 day Average True Range), to move between JP¥4,192.27 and JP¥4,313.73, which gives a possible trading interval of +/-JP¥60.73 (+/-1.43%) up or down from last closing price. If PILOT CORPORATION takes out the full calculated possible swing range there will be an estimated 2.86% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥3,827.00, some JP¥426.00 (10.02%) from the current price of JP¥4,253.00, our system finds the risk reward attractive.
Is PILOT CORPORATION stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for PILOT CORPORATION stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.939 Buy Candidate Upgraded
Predicted Opening Price for PILOT CORPORATION of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| JP¥4,235.67 ( 0.408%) | JP¥4,253.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7846.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,297.67 | 1.05 % | |
| R2 | 4,273.98 | 0.493 % | ||
| R1 | 4,259.35 | 0.149 % | ||
| Current price: | 4,253.00 | |||
| Support | S1 | 4,211.98 | -0.96 % | |
| S2 | 4,197.35 | -1.31 % | ||
| S3 | 4,173.67 | -1.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 4,253.00 | |||
| Support | S1 | 3,827.00 | -10.02% | |
| S2 | 3,778.00 | -11.17% | ||
| S3 | 3,699.00 | -13.03% |
7846 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jun 27, 2024 | JP¥0 | 0% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | JP¥0 | 0% |
| 3 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥50.00 | 1.08% |
| 4 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥50.00 | 1.04% |
| 5 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥40.00 | 0.81% |
FAQ
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