Zojirushi Corporation Stock Forecast
Zojirushi Corporation stock downgraded to Sell Candidate
(Updated on May 17, 2024)
The Zojirushi Corporation stock price fell by -1.66% on the last day (Friday, 17th May 2024) from JP¥1,503.00 to JP¥1,478.00. During the last trading day the stock fluctuated 2.41% from a day low at JP¥1,455.00 to a day high of JP¥1,490.00. The price has been going up and down for this period, and there has been a -6.4% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -205 thousand shares and in total, 89 thousand shares were bought and sold for approximately JP¥131.69 million.
Given the current short-term trend, the stock is expected to rise 8.11% during the next 3 months and, with a 90% probability hold a price between JP¥1,597.82 and JP¥1,728.99 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
7965.T Signals & Forecast
There are few to no technical positive signals at the moment. The Zojirushi Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥1,516.43 and JP¥1,484.29. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 01, 2024, and so far it has fallen -6.40%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Zojirushi Corporation stock
Zojirushi Corporation finds support from accumulated volume at JP¥1,453.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥35.00 (2.41%) between high and low. For the last week, the stock has had daily average volatility of 1.72%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (7965.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Zojirushi Corporation to open at JP¥1,474.33, and during the day (based on 14 day Average True Range), to move between JP¥1,447.55 and JP¥1,508.45, which gives a possible trading interval of +/-JP¥30.45 (+/-2.06%) up or down from last closing price. If Zojirushi Corporation takes out the full calculated possible swing range there will be an estimated 4.12% 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¥1,489.00 (0.74%) than the support at JP¥1,453.00 (1.69%), 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 Zojirushi Corporation stock A Buy?
The Zojirushi Corporation stock holds several negative signals and despite the positive trend, we believe Zojirushi Corporation will perform weakly in the next couple of days or weeks. Therefore, we 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: -4.785 Sell Candidate Downgraded
Predicted Opening Price for Zojirushi Corporation of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥1,474.33 ( 0.248%) | JP¥1,478.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7965.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,509.33 | 2.12 % | |
| R2 | 1,495.96 | 1.22 % | ||
| R1 | 1,487.70 | 0.657 % | ||
| Current price: | 1,478.00 | |||
| Support | S1 | 1,460.96 | -1.15 % | |
| S2 | 1,452.70 | -1.71 % | ||
| S3 | 1,439.33 | -2.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,540.00 | 4.19 % | |
| R2 | 1,503.00 | 1.69 % | ||
| R1 | 1,489.00 | 0.744 % | ||
| Current price | 1,478.00 | |||
| Support | S1 | 1,453.00 | -1.69% | |
| S2 | 1,450.00 | -1.89% | ||
| S3 | 1,432.00 | -3.11% |
7965 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 17, 2024 | May 17, 2024 | May 17, 2024 | JP¥0 | 0% |
| 2 | Nov 17, 2023 | Nov 17, 2023 | Nov 17, 2023 | JP¥0 | 0% |
| 3 | May 18, 2023 | May 18, 2023 | May 18, 2023 | JP¥17.00 | 0.95% |
| 4 | Nov 17, 2022 | Nov 17, 2022 | Nov 17, 2022 | JP¥17.00 | 1.08% |
| 5 | May 19, 2022 | May 19, 2022 | May 19, 2022 | JP¥17.00 | 1.26% |
FAQ
Click here for our free guide on how to buy Zojirushi Corporation Stock.
