SATO SHOJI CORPORATION Stock Forecast
SATO SHOJI CORPORATION stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Apr 26, 2024)
The SATO SHOJI CORPORATION stock price gained 1.99% on the last trading day (Friday, 26th Apr 2024), rising from JP¥1,712.00 to JP¥1,746.00. During the last trading day the stock fluctuated 2.89% from a day low at JP¥1,697.00 to a day high of JP¥1,746.00. The price has risen in 6 of the last 10 days but is still down by -0.91% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 thousand more shares were traded than the day before. In total, 23 thousand shares were bought and sold for approximately JP¥40.51 million.
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 4.07% during the next 3 months and, with a 90% probability hold a price between JP¥1,746.65 and JP¥1,946.43 at the end of this 3-month period.
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8065.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 4.55%. Further rise is indicated until a new top pivot has been found. 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. The SATO SHOJI CORPORATION stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥1,749.51. On a fall, the stock will find some support from the short-term average at JP¥1,700.71. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for SATO SHOJI CORPORATION stock
SATO SHOJI CORPORATION finds support from accumulated volume at JP¥1,703.00 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¥49.00 (2.89%) between high and low. For the last week, the stock has had daily average volatility of 1.67%.
Our recommended stop-loss: JP¥1,661.90 (-4.82%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (8065.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect SATO SHOJI CORPORATION to open at JP¥1,729.67, and during the day (based on 14 day Average True Range), to move between JP¥1,709.52 and JP¥1,782.48, which gives a possible trading interval of +/-JP¥36.48 (+/-2.09%) up or down from last closing price. If SATO SHOJI CORPORATION takes out the full calculated possible swing range there will be an estimated 4.18% 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¥1,771.00 (1.43%) than the support at JP¥1,703.00 (2.46%), 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 SATO SHOJI CORPORATION stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for SATO SHOJI CORPORATION stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.576 Buy Candidate Upgraded
Predicted Opening Price for SATO SHOJI CORPORATION of Tuesday, April 30, 2024
Fair opening price April 30, 2024 | Current price |
---|---|
JP¥1,729.67 ( 0.94%) | JP¥1,746.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8065.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1,778.67 | 1.87 % | |
R2 | 1,759.95 | 0.799 % | ||
R1 | 1,748.38 | 0.137 % | ||
Current price: | 1,746.00 | |||
Support | S1 | 1,710.95 | -2.01 % | |
S2 | 1,699.38 | -2.67 % | ||
S3 | 1,680.67 | -3.74 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1,815.00 | 3.95 % | |
R2 | 1,800.00 | 3.09 % | ||
R1 | 1,771.00 | 1.43 % | ||
Current price | 1,746.00 | |||
Support | S1 | 1,703.00 | -2.46% | |
S2 | 1,699.00 | -2.69% | ||
S3 | 1,653.00 | -5.33% |
8065 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¥32.00 | 2.06% |
3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥38.00 | 2.74% |
4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥29.00 | 2.54% |
5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥34.00 | 2.90% |
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