Credit Saison Co.,Ltd. Stock Forecast
Credit Saison Co.,Ltd. stock downgraded from Buy Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Jul 03, 2024)
The Credit Saison Co.,Ltd. stock price gained 2.66% on the last trading day (Wednesday, 3rd Jul 2024), rising from JP¥3,343.00 to JP¥3,432.00. During the last trading day the stock fluctuated 2.75% from a day low at JP¥3,340.00 to a day high of JP¥3,432.00. The price has been going up and down for this period, and there has been a 3.25% gain for the last 2 weeks. Volume fell on the last day by -43 thousand shares and in total, 694 thousand shares were bought and sold for approximately JP¥2.38 billion. 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 middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 17.26% during the next 3 months and, with a 90% probability hold a price between JP¥3,723.99 and JP¥4,261.06 at the end of this 3-month period.
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8253.T Signals & Forecast
The Credit Saison Co.,Ltd. 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¥3,311.43 and JP¥3,318.97. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -0.262%. 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).
Support, Risk & Stop-loss for Credit Saison Co.,Ltd. stock
Credit Saison Co.,Ltd. finds support from accumulated volume at JP¥3,310.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥92.00 (2.75%) between high and low. For the last week, the stock has had daily average volatility of 2.05%.
Our recommended stop-loss: JP¥3,312.70 (-3.48%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 46 days ago.)
Trading Expectations (8253.T) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Credit Saison Co.,Ltd. to open at JP¥3,401.33, and during the day (based on 14 day Average True Range), to move between JP¥3,351.95 and JP¥3,512.05, which gives a possible trading interval of +/-JP¥80.05 (+/-2.33%) up or down from last closing price. If Credit Saison Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 4.67% 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¥3,439.00 (0.20%) than the support at JP¥3,310.00 (3.55%), 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 Credit Saison Co.,Ltd. stock A Buy?
Credit Saison 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: 0.936 Hold/Accumulate Downgraded
Predicted Opening Price for Credit Saison Co.,Ltd. of Thursday, July 4, 2024
Fair opening price July 4, 2024 | Current price |
---|---|
JP¥3,401.33 ( 0.89%) | JP¥3,432.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8253.T
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 3,493.33 | 1.79% |
R2 | 3,458.19 | 0.763% |
R1 | 3,436.48 | 0.130% |
Price | 3,432.00 | |
S1 | 3,366.19 | -1.92% |
S2 | 3,344.48 | -2.55% |
S3 | 3,309.33 | -3.57% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 3,441.00 | 0.262% |
R1 | 3,439.00 | 0.204% |
Price | 3,432.00 | |
S1 | 3,310.00 | -3.55% |
S2 | 3,217.00 | -6.26% |
S3 | 3,206.00 | -6.59% |
8253 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 20, 2024 | JP¥20.00 | 0.610% |
3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥70.00 | 4.17% |
4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥55.00 | 4.20% |
5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥45.00 | 3.32% |
FAQ
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