FUJIMORI KOGYO CO.,LTD. Stock Forecast
Green day on Friday for FUJIMORI KOGYO CO.,LTD.
(Updated on May 17, 2024)
The FUJIMORI KOGYO CO.,LTD. stock price gained 1.08% on the last trading day (Friday, 17th May 2024), rising from JP¥4,150.00 to JP¥4,195.00. During the last trading day the stock fluctuated 3.06% from a day low at JP¥4,090.00 to a day high of JP¥4,215.00. The price has been going up and down for this period, and there has been a -1.18% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 400 more shares were traded than the day before. In total, 34 thousand shares were bought and sold for approximately JP¥142.63 million.
The stock lies in the middle of a wide and strong 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 10.62% during the next 3 months and, with a 90% probability hold a price between JP¥4,497.07 and JP¥5,144.36 at the end of this 3-month period.
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7917.T Signals & Forecast
There are mixed signals in the stock today. The FUJIMORI KOGYO 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¥4,227.86 and JP¥4,280.86. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has risen 3.97%. 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 FUJIMORI KOGYO CO.,LTD. stock
FUJIMORI KOGYO CO.,LTD. finds support from accumulated volume at JP¥4,050.00 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¥125.00 between high and low, or 3.06%. For the last week, the stock has had daily average volatility of 3.43%.
Our recommended stop-loss: JP¥3,996.53 (-4.73%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (7917.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect FUJIMORI KOGYO CO.,LTD. to open at JP¥4,166.67, and during the day (based on 14 day Average True Range), to move between JP¥4,052.78 and JP¥4,337.22, which gives a possible trading interval of +/-JP¥142.22 (+/-3.39%) up or down from last closing price. If FUJIMORI KOGYO CO.,LTD. takes out the full calculated possible swing range there will be an estimated 6.78% 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¥4,200.00 (0.12%) than the support at JP¥4,050.00 (3.46%), 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 FUJIMORI KOGYO CO.,LTD. stock A Buy?
FUJIMORI KOGYO 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: -0.862 Hold/Accumulate Unchanged
Predicted Opening Price for FUJIMORI KOGYO CO.,LTD. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥4,166.67 ( 0.675%) | JP¥4,195.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7917.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,291.67 | 2.30 % | |
| R2 | 4,243.92 | 1.17 % | ||
| R1 | 4,214.42 | 0.463 % | ||
| Current price: | 4,195.00 | |||
| Support | S1 | 4,118.92 | -1.81 % | |
| S2 | 4,089.42 | -2.52 % | ||
| S3 | 4,041.67 | -3.66 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,605.00 | 9.77 % | |
| R2 | 4,295.00 | 2.38 % | ||
| R1 | 4,200.00 | 0.119 % | ||
| Current price | 4,195.00 | |||
| Support | S1 | 4,050.00 | -3.46% | |
| S2 | 3,900.00 | -7.03% | ||
| S3 | 3,870.00 | -7.75% |
7917 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¥42.00 | 1.12% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥42.00 | 1.33% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥42.00 | 1.28% |
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