UNICHARM CORPORATION Stock Forecast
UNICHARM CORPORATION stock downgraded to Sell Candidate
(Updated on May 20, 2024)
The UNICHARM CORPORATION stock price fell by -2.23% on the last day (Monday, 20th May 2024) from JP¥5,064.00 to JP¥4,951.00. During the last trading day the stock fluctuated 2.04% from a day low at JP¥4,945.00 to a day high of JP¥5,046.00. The price has risen in 7 of the last 10 days and is up by 5.7% over the past 2 weeks. Volume has increased on the last day by 458 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately JP¥6.16 billion.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.75% during the next 3 months and, with a 90% probability hold a price between JP¥4,198.07 and JP¥4,948.21 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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8113.T Signals & Forecast
The UNICHARM CORPORATION stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥5,052.00. On a fall, the stock will find some support from the long-term average at approximately JP¥4,740.51. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Tuesday, May 14, 2024, and so far it has fallen -3.96%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for UNICHARM CORPORATION stock
UNICHARM CORPORATION finds support from accumulated volume at JP¥4,911.00 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¥101.00 between high and low, or 2.04%. For the last week, the stock has had daily average volatility of 1.96%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8113.T) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect UNICHARM CORPORATION to open at JP¥4,980.67, and during the day (based on 14 day Average True Range), to move between JP¥4,833.92 and JP¥5,068.08, which gives a possible trading interval of +/-JP¥117.08 (+/-2.36%) up or down from last closing price. If UNICHARM CORPORATION takes out the full calculated possible swing range there will be an estimated 4.73% 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¥4,976.00 (0.50%) than the support at JP¥4,911.00 (0.81%), 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 UNICHARM CORPORATION stock A Buy?
UNICHARM CORPORATION holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.753 Sell Candidate Downgraded
Predicted Opening Price for UNICHARM CORPORATION of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| JP¥4,980.67 ( 0.599%) | JP¥4,951.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8113.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5,081.67 | 2.64 % | |
| R2 | 5,043.08 | 1.86 % | ||
| R1 | 5,019.25 | 1.38 % | ||
| Current price: | 4,951.00 | |||
| Support | S1 | 4,942.08 | -0.180 % | |
| S2 | 4,918.25 | -0.662 % | ||
| S3 | 4,879.67 | -1.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5,155.00 | 4.12 % | |
| R2 | 5,021.00 | 1.41 % | ||
| R1 | 4,976.00 | 0.505 % | ||
| Current price | 4,951.00 | |||
| Support | S1 | 4,911.00 | -0.81% | |
| S2 | 4,817.00 | -2.71% | ||
| S3 | 4,636.00 | -6.36% |
8113 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jun 27, 2024 | JP¥0 | 0% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | JP¥0 | 0% |
| 3 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥20.00 | 0.373% |
| 4 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥19.00 | 0.371% |
| 5 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥19.00 | 0.416% |
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