OUG Holdings Inc. Stock Forecast
OUG Holdings Inc. stock upgraded to Buy Candidate.
(Updated on May 17, 2024)
The OUG Holdings Inc. stock price gained 1.05% on the last trading day (Friday, 17th May 2024), rising from JP¥2,580.00 to JP¥2,607.00. During the last trading day the stock fluctuated 1.86% from a day low at JP¥2,574.00 to a day high of JP¥2,622.00. The price has risen in 6 of the last 10 days but is still down by -3.23% for this period. Volume fell on the last day by -5 thousand shares and in total, 3 thousand shares were bought and sold for approximately JP¥8.86 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 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 2.92% during the next 3 months and, with a 90% probability hold a price between JP¥2,641.52 and JP¥2,805.49 at the end of this 3-month period.
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8041.T Signals & Forecast
The OUG Holdings Inc. 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¥2,621.57 and JP¥2,612.11. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Thursday, May 16, 2024, and so far it has risen 1.05%. 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. The stock had a Golden Star Signal on Wednesday, August 09, 2023 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 Wednesday, August 09, 2023 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.
A buy signal from a double bottom formation was found on Monday, April 01, 2024 and based on theory for this formation the price should go up by 5.64% to JP¥2,754.00 within 12 trading days since signal was issued (Monday, May 20, 2024).
Support, Risk & Stop-loss for OUG Holdings Inc. stock
OUG Holdings Inc. finds support from accumulated volume at JP¥2,561.00 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¥48.00 (1.86%) between high and low. For the last week, the stock has had daily average volatility of 1.89%.
Our recommended stop-loss: JP¥2,468.25 (-5.32%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (8041.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect OUG Holdings Inc. to open at JP¥2,601.00, and during the day (based on 14 day Average True Range), to move between JP¥2,554.67 and JP¥2,659.33, which gives a possible trading interval of +/-JP¥52.33 (+/-2.01%) up or down from last closing price. If OUG Holdings Inc. takes out the full calculated possible swing range there will be an estimated 4.01% 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¥2,632.00 (0.96%) than the support at JP¥2,561.00 (1.76%), 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 OUG Holdings Inc. stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.121 Buy Candidate Upgraded
Predicted Opening Price for OUG Holdings Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥2,601.00 ( 0.230%) | JP¥2,607.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8041.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,649.00 | 1.61 % | |
| R2 | 2,630.66 | 0.91 % | ||
| R1 | 2,619.34 | 0.473 % | ||
| Current price: | 2,607.00 | |||
| Support | S1 | 2,582.66 | -0.93 % | |
| S2 | 2,571.34 | -1.37 % | ||
| S3 | 2,553.00 | -2.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,679.00 | 2.76 % | |
| R2 | 2,669.00 | 2.38 % | ||
| R1 | 2,632.00 | 0.96 % | ||
| Current price | 2,607.00 | |||
| Support | S1 | 2,561.00 | -1.76% | |
| S2 | 2,560.00 | -1.80% | ||
| S3 | 2,537.00 | -2.69% |
8041 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2025 | Mar 28, 2025 | Mar 28, 2025 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥10.00 | 0.401% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥60.00 | 2.16% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥60.00 | 2.01% |
FAQ
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