SAN-AI OIL CO.,LTD. Stock Forecast
SAN-AI OIL CO.,LTD. stock downgraded to Hold/Accumulate
(Updated on Jun 26, 2024)
The SAN-AI OIL CO.,LTD. stock price gained 0.243% on the last trading day (Wednesday, 26th Jun 2024), rising from JP¥2,057.00 to JP¥2,062.00. During the last trading day the stock fluctuated 1.13% from a day low at JP¥2,043.00 to a day high of JP¥2,066.00. The price has fallen in 6 of the last 10 days and is down by -3.91% for this period. Volume fell on the last day by -14 thousand shares and in total, 119 thousand shares were bought and sold for approximately JP¥244.35 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 lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥2,039.56 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 2.30% during the next 3 months and, with a 90% probability hold a price between JP¥2,086.54 and JP¥2,203.43 at the end of this 3-month period.
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8097.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 1.18%. 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. The SAN-AI OIL CO.,LTD. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥2,076.29 and JP¥2,090.20. 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).
A buy signal from a double bottom formation was found on Tuesday, April 16, 2024 and based on theory for this formation the price should go up by 0.180% to JP¥2,065.73 within 11 trading days since signal was issued (Thursday, May 02, 2024).
Support, Risk & Stop-loss for SAN-AI OIL CO.,LTD. stock
SAN-AI OIL CO.,LTD. finds support from accumulated volume at JP¥2,057.00 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¥23.00 between high and low, or 1.13%. For the last week the stock has had daily average volatility of 1.75%.
Our recommended stop-loss: JP¥1,950.56 (-5.40%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (8097.T) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect SAN-AI OIL CO.,LTD. to open at JP¥2,057.00, and during the day (based on 14 day Average True Range), to move between JP¥2,019.41 and JP¥2,104.59, which gives a possible trading interval of +/-JP¥42.59 (+/-2.07%) up or down from last closing price. If SAN-AI OIL CO.,LTD. takes out the full calculated possible swing range there will be an estimated 4.13% 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¥2,057.00 (0.24%) than the resistance at JP¥2,074.00 (0.58%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SAN-AI OIL CO.,LTD. stock A Buy?
SAN-AI OIL CO.,LTD. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: 0.609 Hold/Accumulate Downgraded
Predicted Opening Price for SAN-AI OIL CO.,LTD. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| JP¥2,057.00 ( 0.242%) | JP¥2,062.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8097.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,080.00 | 0.87% |
| R2 | 2,071.21 | 0.447% |
| R1 | 2,065.79 | 0.184% |
| Price | 2,062.00 | |
| S1 | 2,048.21 | -0.669% |
| S2 | 2,042.79 | -0.93% |
| S3 | 2,034.00 | -1.36% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,105.00 | 2.09% |
| R2 | 2,077.00 | 0.727% |
| R1 | 2,074.00 | 0.582% |
| Price | 2,062.00 | |
| S1 | 2,057.00 | -0.242% |
| S2 | 2,056.00 | -0.291% |
| S3 | 2,045.00 | -0.82% |
8097 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 | Jun 27, 2024 | JP¥50.00 | 2.42% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥30.00 | 1.83% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥36.00 | 2.62% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥19.00 | 1.69% |
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