LINTEC Corporation Stock Forecast
LINTEC Corporation stock upgraded from Sell Candidate to Strong Buy Candidate after Friday trading session.
(Updated on May 31, 2024)
The LINTEC Corporation stock price gained 2.69% on the last trading day (Friday, 31st May 2024), rising from JP¥3,160.00 to JP¥3,245.00. During the last trading day the stock fluctuated 2.69% from a day low at JP¥3,165.00 to a day high of JP¥3,250.00. The price has been going up and down for this period, and there has been a 0.78% gain for the last 2 weeks. Volume fell on the last day by -144 thousand shares and in total, 253 thousand shares were bought and sold for approximately JP¥820.01 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 2.65% during the next 3 months and, with a 90% probability hold a price between JP¥3,245.15 and JP¥3,570.97 at the end of this 3-month period.
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7966.T Signals & Forecast
The LINTEC Corporation stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥3,246.43. On a fall, the stock will find some support from the long-term average at approximately JP¥3,192.57. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 2.69%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for LINTEC Corporation stock
LINTEC Corporation finds support from accumulated volume at JP¥3,230.00 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¥85.00 between high and low, or 2.69%. For the last week, the stock has had daily average volatility of 2.30%.
Our recommended stop-loss: JP¥3,074.16 (-5.26%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (7966.T) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect LINTEC Corporation to open at JP¥3,220.00, and during the day (based on 14 day Average True Range), to move between JP¥3,149.64 and JP¥3,340.36, which gives a possible trading interval of +/-JP¥95.36 (+/-2.94%) up or down from last closing price. If LINTEC Corporation takes out the full calculated possible swing range there will be an estimated 5.88% 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¥3,230.00 (0.46%) than the resistance at JP¥3,310.00 (2.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is LINTEC Corporation stock A Buy?
LINTEC Corporation holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Buy candidate.
Current score: 5.119 Strong Buy Candidate Upgraded
Predicted Opening Price for LINTEC Corporation of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| JP¥3,220.00 ( 0.770%) | JP¥3,245.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7966.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,305.00 | 1.85 % | |
| R2 | 3,272.53 | 0.85 % | ||
| R1 | 3,252.47 | 0.230 % | ||
| Current price: | 3,245.00 | |||
| Support | S1 | 3,187.53 | -1.77 % | |
| S2 | 3,167.47 | -2.39 % | ||
| S3 | 3,135.00 | -3.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,455.00 | 6.47 % | |
| R2 | 3,450.00 | 6.32 % | ||
| R1 | 3,310.00 | 2.00 % | ||
| Current price | 3,245.00 | |||
| Support | S1 | 3,230.00 | -0.462% | |
| S2 | 3,225.00 | -0.616% | ||
| S3 | 3,050.00 | -6.01% |
7966 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¥44.00 | 1.82% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥44.00 | 2.06% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥44.00 | 1.96% |
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