SANKO GOSEI LTD. Stock Forecast
Stronger technical forecast for SANKO GOSEI LTD. stock price after Tuesday trading.
(Updated on May 07, 2024)
The SANKO GOSEI LTD. stock price gained 2.01% on the last trading day (Tuesday, 7th May 2024), rising from JP¥697.00 to JP¥711.00. During the last trading day the stock fluctuated 1.56% from a day low at JP¥705.00 to a day high of JP¥716.00. The price has risen in 6 of the last 10 days and is up by 5.65% 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, 20 thousand more shares were traded than the day before. In total, 207 thousand shares were bought and sold for approximately JP¥146.96 million.
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 4.42% during the next 3 months and, with a 90% probability hold a price between JP¥684.20 and JP¥815.47 at the end of this 3-month period.
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7888.T Signals & Forecast
Mostly positive signals in the chart today. The SANKO GOSEI 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¥677.71 and JP¥698.49. 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 9.38%. 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 SANKO GOSEI LTD. stock
SANKO GOSEI LTD. finds support from accumulated volume at JP¥703.00 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¥11.00 between high and low, or 1.56%. For the last week, the stock has had daily average volatility of 2.27%.
Our recommended stop-loss: JP¥683.27 (-3.90%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (7888.T) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect SANKO GOSEI LTD. to open at JP¥710.67, and during the day (based on 14 day Average True Range), to move between JP¥692.63 and JP¥729.37, which gives a possible trading interval of +/-JP¥18.37 (+/-2.58%) up or down from last closing price. If SANKO GOSEI LTD. takes out the full calculated possible swing range there will be an estimated 5.17% 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¥716.00 (0.70%) than the support at JP¥703.00 (1.13%), 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 SANKO GOSEI LTD. 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 SANKO GOSEI LTD. 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: 4.741 Buy Candidate Upgraded
Predicted Opening Price for SANKO GOSEI LTD. of Wednesday, May 8, 2024
Fair opening price May 8, 2024 | Current price |
---|---|
JP¥710.67 ( 0.0469%) | JP¥711.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7888.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 721.67 | 1.50 % | |
R2 | 717.46 | 0.91 % | ||
R1 | 714.87 | 0.544 % | ||
Current price: | 711.00 | |||
Support | S1 | 706.46 | -0.638 % | |
S2 | 703.87 | -1.00 % | ||
S3 | 699.67 | -1.59 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 755.00 | 6.19 % | |
R2 | 720.00 | 1.27 % | ||
R1 | 716.00 | 0.703 % | ||
Current price | 711.00 | |||
Support | S1 | 703.00 | -1.13% | |
S2 | 697.00 | -1.97% | ||
S3 | 681.00 | -4.22% |
7888 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 30, 2024 | May 30, 2024 | May 30, 2024 | JP¥0 | 0% |
2 | Nov 29, 2023 | Nov 29, 2023 | Nov 29, 2023 | JP¥0 | 0% |
3 | May 30, 2023 | May 30, 2023 | May 30, 2023 | JP¥7.00 | 1.29% |
4 | Nov 29, 2022 | Nov 29, 2022 | Nov 29, 2022 | JP¥7.00 | 1.55% |
5 | May 30, 2022 | May 30, 2022 | May 30, 2022 | JP¥7.00 | 2.02% |
FAQ
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