Joshin Denki Co.,Ltd. Stock Forecast
Red day on Wednesday for Joshin Denki Co.,Ltd.
(Updated on Apr 24, 2024)
The Joshin Denki Co.,Ltd. stock price fell by -0.199% on the last day (Wednesday, 24th Apr 2024) from JP¥2,510.00 to JP¥2,505.00. During the last trading day the stock fluctuated 0.640% from a day low at JP¥2,499.00 to a day high of JP¥2,515.00. The price has risen in 6 of the last 10 days and is up by 3.34% over the past 2 weeks. Volume has increased on the last day by 17 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, 48 thousand shares were bought and sold for approximately JP¥119.24 million.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at JP¥2,510.48 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Joshin Denki Co.,Ltd. stock with a 90% probability to be traded between JP¥2,337.05 and JP¥2,539.83 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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8173.T Signals & Forecast
The Joshin Denki 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¥2,486.71 and JP¥2,387.69. A breakdown below any of these levels will issue sell signals. 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, April 23, 2024, and so far it has fallen -0.199%. 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. The stock had a Golden Star Signal on Thursday, April 04, 2024 in the short-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
The stock had a Golden Star Signal on Thursday, April 04, 2024 in the short-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 Joshin Denki Co.,Ltd. stock
Joshin Denki Co.,Ltd. finds support from accumulated volume at JP¥2,419.00 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¥16.00 between high and low, or 0.640%. For the last week, the stock has had daily average volatility of 1.37%.
Our recommended stop-loss: JP¥2,439.48 (-2.62%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (8173.T) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Joshin Denki Co.,Ltd. to open at JP¥2,506.33, and during the day (based on 14 day Average True Range), to move between JP¥2,464.08 and JP¥2,545.92, which gives a possible trading interval of +/-JP¥40.92 (+/-1.63%) up or down from last closing price. If Joshin Denki Co.,Ltd. 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 resistance from accumulated volume at JP¥2,507.00 (0.08%) than the support at JP¥2,419.00 (3.43%), 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 Joshin Denki Co.,Ltd. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Joshin Denki Co.,Ltd. stock to perform well in the short-term period.
Current score: 3.364 Buy Candidate Unchanged
Predicted Opening Price for Joshin Denki Co.,Ltd. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| JP¥2,506.33 ( 0.0532%) | JP¥2,505.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8173.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,522.33 | 0.692 % | |
| R2 | 2,516.22 | 0.448 % | ||
| R1 | 2,512.45 | 0.297 % | ||
| Current price: | 2,505.00 | |||
| Support | S1 | 2,500.22 | -0.191 % | |
| S2 | 2,496.45 | -0.342 % | ||
| S3 | 2,490.33 | -0.585 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 2,510.00 | 0.200 % | ||
| R1 | 2,507.00 | 0.0798 % | ||
| Current price | 2,505.00 | |||
| Support | S1 | 2,419.00 | -3.43% | |
| S2 | 2,417.00 | -3.51% | ||
| S3 | 2,393.00 | -4.47% |
8173 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥75.00 | 3.91% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥75.00 | 3.85% |
| 4 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥75.00 | 2.32% |
| 5 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥50.00 | 2.34% |
FAQ
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