JAPAN PULP AND PAPER COMPANY LIMITED Stock Forecast
JAPAN PULP AND PAPER COMPANY LIMITED stock downgraded to Hold/Accumulate
(Updated on Apr 24, 2024)
The JAPAN PULP AND PAPER COMPANY LIMITED stock price fell by -0.743% on the last day (Wednesday, 24th Apr 2024) from JP¥5,380.00 to JP¥5,340.00. During the last trading day the stock fluctuated 0.94% from a day low at JP¥5,340.00 to a day high of JP¥5,390.00. The price has risen in 5 of the last 10 days. Volume has increased on the last day by 16 thousand 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, 18 thousand shares were bought and sold for approximately JP¥97.72 million.
The stock lies in the middle of a 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 7.28% during the next 3 months and, with a 90% probability hold a price between JP¥5,609.37 and JP¥5,983.74 at the end of this 3-month period.
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8032.T Signals & Forecast
The JAPAN PULP AND PAPER COMPANY LIMITED stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥5,287.14 and JP¥5,307.43. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, March 15, 2024, and so far it has fallen -1.29%. Further fall is indicated until a new bottom pivot has been found. 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 JAPAN PULP AND PAPER COMPANY LIMITED stock
JAPAN PULP AND PAPER COMPANY LIMITED finds support from accumulated volume at JP¥5,300.00 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¥50.00 between high and low, or 0.94%. For the last week the stock has had daily average volatility of 1.33%.
Our recommended stop-loss: JP¥5,170.13 (-3.18%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 27 days ago.)
Trading Expectations (8032.T) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect JAPAN PULP AND PAPER COMPANY LIMITED to open at JP¥5,356.67, and during the day (based on 14 day Average True Range), to move between JP¥5,257.69 and JP¥5,422.31, which gives a possible trading interval of +/-JP¥82.31 (+/-1.54%) up or down from last closing price. If JAPAN PULP AND PAPER COMPANY LIMITED takes out the full calculated possible swing range there will be an estimated 3.08% 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¥5,370.00 (0.56%) than the support at JP¥5,300.00 (0.75%), 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 JAPAN PULP AND PAPER COMPANY LIMITED stock A Buy?
JAPAN PULP AND PAPER COMPANY LIMITED 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. 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 Hold/Accumulate candidate.
Current score: 0.466 Hold/Accumulate Downgraded
Predicted Opening Price for JAPAN PULP AND PAPER COMPANY LIMITED of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| JP¥5,356.67 ( 0.312%) | JP¥5,340.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8032.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5,406.67 | 1.25 % | |
| R2 | 5,387.57 | 0.89 % | ||
| R1 | 5,375.77 | 0.670 % | ||
| Current price: | 5,340.00 | |||
| Support | S1 | 5,337.57 | -0.0456 % | |
| S2 | 5,325.77 | -0.267 % | ||
| S3 | 5,306.67 | -0.624 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5,400.00 | 1.12 % | |
| R2 | 5,390.00 | 0.94 % | ||
| R1 | 5,370.00 | 0.562 % | ||
| Current price | 5,340.00 | |||
| Support | S1 | 5,300.00 | -0.749% | |
| S2 | 5,210.00 | -2.43% | ||
| S3 | 5,020.00 | -5.99% |
8032 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥65.00 | 1.31% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥60.00 | 1.16% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥60.00 | 1.35% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥60.00 | 1.51% |
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