Inabata & Co.,Ltd. Stock Forecast
Inabata & Co.,Ltd. stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 31, 2024)
The Inabata & Co.,Ltd. stock price gained 1.06% on the last trading day (Friday, 31st May 2024), rising from JP¥3,310.00 to JP¥3,345.00. During the last trading day the stock fluctuated 1.36% from a day low at JP¥3,310.00 to a day high of JP¥3,355.00. The price has risen in 6 of the last 10 days and is up by 2.45% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 166 thousand more shares were traded than the day before. In total, 277 thousand shares were bought and sold for approximately JP¥925.23 million.
The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at JP¥3,375.85 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.07% during the next 3 months and, with a 90% probability hold a price between JP¥3,339.23 and JP¥3,546.85 at the end of this 3-month period.
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8098.T Signals & Forecast
The Inabata & Co.,Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥3,325.00 and JP¥3,240.43. 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 Monday, May 27, 2024, and so far it has fallen -0.594%. 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). The stock had a Golden Star Signal on Thursday, December 28, 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 Thursday, December 28, 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.
Support, Risk & Stop-loss for Inabata & Co.,Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥3,170.00 and JP¥3,160.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Inabata & Co.,Ltd. finds support just below today's level at JP¥3,170.00. If this is broken, then the next support from accumulated volume will be at JP¥3,160.00 and JP¥3,145.00.
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¥45.00 between high and low, or 1.36%. For the last week the stock has had daily average volatility of 1.60%.
Our recommended stop-loss: JP¥3,216.97 (-3.83%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (8098.T) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Inabata & Co.,Ltd. to open at JP¥3,336.67, and during the day (based on 14 day Average True Range), to move between JP¥3,288.88 and JP¥3,401.12, which gives a possible trading interval of +/-JP¥56.12 (+/-1.68%) up or down from last closing price. If Inabata & Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 3.36% 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¥3,365.00 (0.60%) than the support at JP¥3,170.00 (5.23%), 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 Inabata & Co.,Ltd. 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 Inabata & Co.,Ltd. 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: 2.764 Buy Candidate Upgraded
Predicted Opening Price for Inabata & Co.,Ltd. of Monday, June 3, 2024
Fair opening price June 3, 2024 | Current price |
---|---|
JP¥3,336.67 ( 0.249%) | JP¥3,345.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8098.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3,381.67 | 1.10 % | |
R2 | 3,364.48 | 0.582 % | ||
R1 | 3,353.86 | 0.265 % | ||
Current price: | 3,345.00 | |||
Support | S1 | 3,319.48 | -0.763 % | |
S2 | 3,308.86 | -1.08 % | ||
S3 | 3,291.67 | -1.59 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 3,365.00 | 0.598 % | ||
Current price | 3,345.00 | |||
Support | S1 | 3,170.00 | -5.23% | |
S2 | 3,160.00 | -5.53% | ||
S3 | 3,145.00 | -5.98% |
8098 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¥55.00 | 1.73% |
4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥65.00 | 2.45% |
5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥50.00 | 2.11% |
FAQ
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