EIDAI KAKO CO.,LTD. Stock Forecast
EIDAI KAKO CO.,LTD. stock price up 0.198% on Friday
(Updated on Jun 21, 2024)
The EIDAI KAKO CO.,LTD. stock price gained 0.198% on the last trading day (Friday, 21st Jun 2024), rising from JP¥1,517.00 to JP¥1,520.00. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.0658% from a day low at JP¥1,519.00 to a day high of JP¥1,520.00. The price has risen in 6 of the last 10 days and is up by 1.2% 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, 600 more shares were traded than the day before. In total, 800 shares were bought and sold for approximately JP¥1.22 million.
The stock lies the upper part of a narrow 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¥1,521.34 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 -4.65% during the next 3 months and, with a 90% probability hold a price between JP¥1,403.74 and JP¥1,450.55 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
7877.T Signals & Forecast
The EIDAI KAKO CO.,LTD. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥1,507.29 and JP¥1,509.94. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, May 27, 2024, and so far it has risen 1.67%. 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). EIDAI KAKO CO.,LTD. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. The stock had a Golden Star Signal on Wednesday, June 19, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Wednesday, June 19, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for EIDAI KAKO CO.,LTD. stock
EIDAI KAKO CO.,LTD. finds support from accumulated volume at JP¥1,514.00 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¥1.00 between high and low, or 0.0658%. For the last week the stock has had daily average volatility of 0.226%.
The EIDAI KAKO CO.,LTD. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: JP¥1,437.72 (-5.41%) (This stock has low daily movements and this gives low risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (7877.T) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect EIDAI KAKO CO.,LTD. to open at JP¥1,519.67, and during the day (based on 14 day Average True Range), to move between JP¥1,513.51 and JP¥1,526.49, which gives a possible trading interval of +/-JP¥6.49 (+/-0.43%) up or down from last closing price. If EIDAI KAKO CO.,LTD. takes out the full calculated possible swing range there will be an estimated 0.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at JP¥1,525.00 (0.33%) than the support at JP¥1,514.00 (0.39%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is EIDAI KAKO CO.,LTD. stock A Buy?
EIDAI KAKO CO.,LTD. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.626 Hold/Accumulate Unchanged
Predicted Opening Price for EIDAI KAKO CO.,LTD. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| JP¥1,519.67 ( 0.0219%) | JP¥1,520.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7877.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,520.67 | 0.0439% |
| R2 | 1,520.28 | 0.0187% |
| R1 | 1,520.05 | 0.0032% |
| Price | 1,520.00 | |
| S1 | 1,519.28 | -0.0471% |
| S2 | 1,519.05 | -0.0626% |
| S3 | 1,518.67 | -0.0877% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,583.00 | 4.14% |
| R2 | 1,561.00 | 2.70% |
| R1 | 1,525.00 | 0.329% |
| Price | 1,520.00 | |
| S1 | 1,514.00 | -0.395% |
| S2 | 1,503.00 | -1.12% |
| S3 | 1,500.00 | -1.32% |
7877 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2025 | Mar 28, 2025 | Mar 28, 2025 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 28, 2024 | JP¥50.00 | 3.29% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥50.00 | 3.40% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥67.50 | 4.22% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥65.00 | 4.18% |
FAQ
Click here for our free guide on how to buy EIDAI KAKO CO.,LTD. Stock.
