SEIKA CORPORATION Stock Forecast
SEIKA CORPORATION stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 17, 2024)
The SEIKA CORPORATION stock price gained 2.91% on the last trading day (Friday, 17th May 2024), rising from JP¥3,775.00 to JP¥3,885.00. 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 3.70% from a day low at JP¥3,780.00 to a day high of JP¥3,920.00. The price has fallen in 6 of the last 10 days and is down by -3.6% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 51 thousand shares were bought and sold for approximately JP¥196.19 million.
The stock lies in the middle of a wide and strong 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 32.89% during the next 3 months and, with a 90% probability hold a price between JP¥4,930.06 and JP¥5,781.61 at the end of this 3-month period.
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8061.T Signals & Forecast
The SEIKA CORPORATION 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¥3,804.29 and JP¥3,837.86. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Wednesday, April 24, 2024, and so far it has fallen -5.13%. 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).
Support, Risk & Stop-loss for SEIKA CORPORATION stock
SEIKA CORPORATION finds support from accumulated volume at JP¥3,845.00 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¥140.00 between high and low, or 3.70%. For the last week, the stock has had daily average volatility of 3.44%.
Our recommended stop-loss: JP¥3,721.83 (-4.20%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (8061.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect SEIKA CORPORATION to open at JP¥3,861.67, and during the day (based on 14 day Average True Range), to move between JP¥3,751.25 and JP¥4,018.75, which gives a possible trading interval of +/-JP¥133.75 (+/-3.44%) up or down from last closing price. If SEIKA CORPORATION takes out the full calculated possible swing range there will be an estimated 6.89% 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¥3,845.00 (1.03%) than the resistance at JP¥3,975.00 (2.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SEIKA CORPORATION stock A Buy?
SEIKA CORPORATION 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.668 Hold/Accumulate Upgraded
Predicted Opening Price for SEIKA CORPORATION of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥3,861.67 ( 0.601%) | JP¥3,885.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8061.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,001.67 | 3.00 % | |
| R2 | 3,948.19 | 1.63 % | ||
| R1 | 3,915.15 | 0.776 % | ||
| Current price: | 3,885.00 | |||
| Support | S1 | 3,808.19 | -1.98 % | |
| S2 | 3,775.15 | -2.83 % | ||
| S3 | 3,721.67 | -4.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,995.00 | 2.83 % | |
| R2 | 3,985.00 | 2.57 % | ||
| R1 | 3,975.00 | 2.32 % | ||
| Current price | 3,885.00 | |||
| Support | S1 | 3,845.00 | -1.03% | |
| S2 | 3,675.00 | -5.41% | ||
| S3 | 3,420.00 | -11.97% |
8061 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¥40.00 | 1.75% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥55.00 | 2.69% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥35.00 | 2.19% |
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