JSP Corporation Stock Forecast
Green day on Thursday for JSP Corporation
(Updated on Jun 20, 2024)
The JSP Corporation stock price gained 1.03% on the last trading day (Thursday, 20th Jun 2024), rising from JP¥2,238.00 to JP¥2,261.00. It has now gained 3 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 1.43% from a day low at JP¥2,234.00 to a day high of JP¥2,266.00. The price has risen in 7 of the last 10 days and is up by 3.76% 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, 14 thousand more shares were traded than the day before. In total, 46 thousand shares were bought and sold for approximately JP¥104.91 million.
The stock lies the upper part of a wide 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¥2,276.82 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 -6.52% during the next 3 months and, with a 90% probability hold a price between JP¥1,925.60 and JP¥2,128.47 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.
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7942.T Signals & Forecast
Mostly positive signals in the chart today. The JSP 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¥2,230.43 and JP¥2,194.49. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 23, 2024, and so far it has risen 7.11%. 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. The stock had a Golden Star Signal on Thursday, June 06, 2024 in the long-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 12 Months
The stock had a Golden Star Signal on Thursday, June 06, 2024 in the long-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 JSP Corporation stock
JSP Corporation finds support from accumulated volume at JP¥2,252.00 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¥32.00 between high and low, or 1.43%. For the last week the stock has had daily average volatility of 1.29%.
Our recommended stop-loss: JP¥2,180.51 (-3.56%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 45 days ago.)
Trading Expectations (7942.T) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect JSP Corporation to open at JP¥2,253.67, and during the day (based on 14 day Average True Range), to move between JP¥2,229.24 and JP¥2,292.76, which gives a possible trading interval of +/-JP¥31.76 (+/-1.40%) up or down from last closing price. If JSP Corporation takes out the full calculated possible swing range there will be an estimated 2.81% 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¥2,268.00 (0.31%) than the support at JP¥2,252.00 (0.40%), 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 JSP Corporation stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 3.677 Buy Candidate Unchanged
Predicted Opening Price for JSP Corporation of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| JP¥2,253.67 ( 0.324%) | JP¥2,261.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7942.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,285.67 | 1.09% |
| R2 | 2,273.44 | 0.550% |
| R1 | 2,265.89 | 0.216% |
| Price | 2,261.00 | |
| S1 | 2,241.44 | -0.86% |
| S2 | 2,233.89 | -1.20% |
| S3 | 2,221.67 | -1.74% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,285.00 | 1.06% |
| R2 | 2,284.00 | 1.02% |
| R1 | 2,268.00 | 0.310% |
| Price | 2,261.00 | |
| S1 | 2,252.00 | -0.398% |
| S2 | 2,239.00 | -0.97% |
| S3 | 2,181.00 | -3.54% |
7942 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 | Jun 10, 2024 | JP¥40.00 | 1.80% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥25.00 | 1.23% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥25.00 | 1.61% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥25.00 | 1.77% |
FAQ
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