MITSUMURA PRINTING CO.,LTD. Stock Forecast
MITSUMURA PRINTING CO.,LTD. stock downgraded from Buy Candidate to Sell Candidate after Friday trading session.
(Updated on May 31, 2024)
The MITSUMURA PRINTING CO.,LTD. stock price fell by -0.763% on the last day (Friday, 31st May 2024) from JP¥1,573.00 to JP¥1,561.00. During the last trading day the stock fluctuated 0.83% from a day low at JP¥1,560.00 to a day high of JP¥1,573.00. The price has fallen in 6 of the last 10 days but is still up by 0.77% over the past 2 weeks. Volume has increased on the last day by 700 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 thousand shares were bought and sold for approximately JP¥1.72 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.45% during the next 3 months and, with a 90% probability hold a price between JP¥1,451.38 and JP¥1,579.05 at the end of this 3-month period.
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7916.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 0.97%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The MITSUMURA PRINTING CO.,LTD. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥1,563.43 and JP¥1,571.74. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for MITSUMURA PRINTING CO.,LTD. stock
MITSUMURA PRINTING CO.,LTD. finds support from accumulated volume at JP¥1,558.00 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¥13.00 between high and low, or 0.83%. For the last week the stock has had daily average volatility of 0.82%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (7916.T) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect MITSUMURA PRINTING CO.,LTD. to open at JP¥1,564.67, and during the day (based on 14 day Average True Range), to move between JP¥1,545.13 and JP¥1,576.87, which gives a possible trading interval of +/-JP¥15.87 (+/-1.02%) up or down from last closing price. If MITSUMURA PRINTING CO.,LTD. takes out the full calculated possible swing range there will be an estimated 2.03% 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¥1,558.00 (0.19%) than the resistance at JP¥1,571.00 (0.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is MITSUMURA PRINTING CO.,LTD. stock A Buy?
MITSUMURA PRINTING CO.,LTD. holds several negative signals and is within a 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 Buy to a Sell candidate.
Current score: -2.380 Sell Candidate Downgraded
Predicted Opening Price for MITSUMURA PRINTING CO.,LTD. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| JP¥1,564.67 ( 0.235%) | JP¥1,561.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7916.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,577.67 | 1.07 % | |
| R2 | 1,572.70 | 0.750 % | ||
| R1 | 1,569.63 | 0.553 % | ||
| Current price: | 1,561.00 | |||
| Support | S1 | 1,559.70 | -0.0832 % | |
| S2 | 1,556.63 | -0.280 % | ||
| S3 | 1,551.67 | -0.598 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,713.00 | 9.74 % | |
| R2 | 1,670.00 | 6.98 % | ||
| R1 | 1,571.00 | 0.641 % | ||
| Current price | 1,561.00 | |||
| Support | S1 | 1,558.00 | -0.192% | |
| S2 | 1,551.00 | -0.641% | ||
| S3 | 1,546.00 | -0.96% |
7916 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 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥50.00 | 4.17% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥50.00 | 3.39% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥50.00 | 2.77% |
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