IZUTSUYA CO.,LTD. Stock Forecast
Weaker technical forecast for IZUTSUYA CO.,LTD. as stock downgraded to Buy Candidate.
(Updated on May 02, 2024)
The IZUTSUYA CO.,LTD. stock price fell by -0.208% on the last day (Thursday, 2nd May 2024) from JP¥480.00 to JP¥479.00. During the last trading day the stock fluctuated 2.76% from a day low at JP¥471.00 to a day high of JP¥484.00. The price has risen in 6 of the last 10 days and is up by 14.32% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -44 thousand shares and in total, 101 thousand shares were bought and sold for approximately JP¥48.14 million.
The stock lies in the upper part of a wide and strong 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¥482.02 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 32.95% during the next 3 months and, with a 90% probability hold a price between JP¥541.65 and JP¥640.86 at the end of this 3-month period.
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8260.T Signals & Forecast
The IZUTSUYA 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¥464.29 and JP¥404.03. 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 Wednesday, May 01, 2024, and so far it has fallen -0.208%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for IZUTSUYA CO.,LTD. stock
IZUTSUYA CO.,LTD. finds support from accumulated volume at JP¥468.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved JP¥13.00 between high and low, or 2.76%. For the last week, the stock has had daily average volatility of 4.66%.
Our recommended stop-loss: JP¥462.33 (-3.48%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (8260.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect IZUTSUYA CO.,LTD. to open at JP¥478.00, and during the day (based on 14 day Average True Range), to move between JP¥463.89 and JP¥494.11, which gives a possible trading interval of +/-JP¥15.11 (+/-3.15%) up or down from last closing price. If IZUTSUYA CO.,LTD. takes out the full calculated possible swing range there will be an estimated 6.31% 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¥480.00 (0.21%) than the support at JP¥468.00 (2.30%), 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 IZUTSUYA 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 IZUTSUYA CO.,LTD. stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 3.355 Buy Candidate Downgraded
Predicted Opening Price for IZUTSUYA CO.,LTD. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥478.00 ( 0.209%) | JP¥479.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8260.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 491.00 | 2.51 % | |
| R2 | 486.03 | 1.47 % | ||
| R1 | 482.97 | 0.83 % | ||
| Current price: | 479.00 | |||
| Support | S1 | 473.03 | -1.25 % | |
| S2 | 469.97 | -1.89 % | ||
| S3 | 465.00 | -2.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 480.00 | 0.209 % | ||
| Current price | 479.00 | |||
| Support | S1 | 468.00 | -2.30% | |
| S2 | 427.00 | -10.86% | ||
| S3 | 407.00 | -15.03% |
8260 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 27, 2025 | Feb 27, 2025 | Feb 27, 2025 | JP¥0 | 0% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | JP¥0 | 0% |
| 3 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | JP¥5.00 | 1.45% |
| 4 | Feb 25, 2022 | Feb 25, 2022 | Feb 25, 2022 | JP¥5.00 | 1.31% |
FAQ
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