GSI Creos Corporation Stock Forecast
GSI Creos Corporation stock upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on Jun 19, 2024)
The GSI Creos Corporation stock price gained 1.42% on the last trading day (Wednesday, 19th Jun 2024), rising from JP¥2,189.00 to JP¥2,220.00. During the last trading day the stock fluctuated 1.74% from a day low at JP¥2,188.00 to a day high of JP¥2,226.00. The price has fallen in 6 of the last 10 days but is still up by 1.42% over the past 2 weeks. Volume fell on the last day by -500 shares and in total, 33 thousand shares were bought and sold for approximately JP¥72.82 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 the upper part of a falling 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¥2,230.92 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -10.10% during the next 3 months and, with a 90% probability hold a price between JP¥1,873.08 and JP¥2,005.71 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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8101.T Signals & Forecast
Mostly positive signals in the chart today. The GSI Creos 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¥2,178.71 and JP¥2,201.23. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 3.50%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for GSI Creos Corporation stock
GSI Creos Corporation finds support from accumulated volume at JP¥2,215.00 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¥38.00 between high and low, or 1.74%. For the last week the stock has had daily average volatility of 1.84%.
Our recommended stop-loss: JP¥2,146.74 (-3.30%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 57 days ago.)
Trading Expectations (8101.T) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect GSI Creos Corporation to open at JP¥2,211.33, and during the day (based on 14 day Average True Range), to move between JP¥2,183.75 and JP¥2,256.25, which gives a possible trading interval of +/-JP¥36.25 (+/-1.63%) up or down from last closing price. If GSI Creos Corporation takes out the full calculated possible swing range there will be an estimated 3.27% 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¥2,215.00 (0.23%) than the resistance at JP¥2,244.00 (1.08%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is GSI Creos Corporation stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for 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: 2.528 Buy Candidate Upgraded
Predicted Opening Price for GSI Creos Corporation of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| JP¥2,211.33 ( 0.390%) | JP¥2,220.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8101.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,249.33 | 1.32% |
| R2 | 2,234.82 | 0.667% |
| R1 | 2,225.85 | 0.263% |
| Price | 2,220.00 | |
| S1 | 2,196.82 | -1.04% |
| S2 | 2,187.85 | -1.45% |
| S3 | 2,173.33 | -2.10% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,465.00 | 11.04% |
| R2 | 2,368.00 | 6.67% |
| R1 | 2,244.00 | 1.08% |
| Price | 2,220.00 | |
| S1 | 2,215.00 | -0.225% |
| S2 | 2,210.00 | -0.450% |
| S3 | 2,189.00 | -1.40% |
8101 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 | Jun 27, 2024 | JP¥82.00 | 3.69% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥73.00 | 4.64% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥7.00 | 0.613% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥30.00 | 2.27% |
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