THE FUKUSHIMA BANK,LTD. Stock Forecast
Red day on Thursday for THE FUKUSHIMA BANK,LTD.
(Updated on May 02, 2024)
The THE FUKUSHIMA BANK,LTD. stock price fell by -1.00% on the last day (Thursday, 2nd May 2024) from JP¥301.00 to JP¥298.00. During the last trading day the stock fluctuated 3.08% from a day low at JP¥292.00 to a day high of JP¥301.00. The price has fallen in 6 of the last 10 days and is down by -1.32% for this period. Volume has increased on the last day by 419 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, 733 thousand shares were bought and sold for approximately JP¥218.52 million.
Given the current short-term trend, the stock is expected to rise 38.77% during the next 3 months and, with a 90% probability hold a price between JP¥413.53 and JP¥468.47 at the end of this 3-month period.
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8562.T Signals & Forecast
There are few to no technical positive signals at the moment. The THE FUKUSHIMA BANK,LTD. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥308.86 and JP¥306.69. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -9.15%. 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). 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 THE FUKUSHIMA BANK,LTD. stock
THE FUKUSHIMA BANK,LTD. finds support from accumulated volume at JP¥290.00 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¥9.00 (3.08%) between high and low. For the last week, the stock has had daily average volatility of 2.54%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8562.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect THE FUKUSHIMA BANK,LTD. to open at JP¥297.00, and during the day (based on 14 day Average True Range), to move between JP¥287.67 and JP¥308.33, which gives a possible trading interval of +/-JP¥10.33 (+/-3.47%) up or down from last closing price. If THE FUKUSHIMA BANK,LTD. takes out the full calculated possible swing range there will be an estimated 6.93% 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¥300.00 (0.67%) than the support at JP¥290.00 (2.68%), 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 THE FUKUSHIMA BANK,LTD. stock A Buy?
The THE FUKUSHIMA BANK,LTD. stock holds several negative signals and despite the positive trend, we believe THE FUKUSHIMA BANK,LTD. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.562 Sell Candidate Unchanged
Predicted Opening Price for THE FUKUSHIMA BANK,LTD. of Tuesday, May 7, 2024
Fair opening price May 7, 2024 | Current price |
---|---|
JP¥297.00 ( 0.336%) | JP¥298.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8562.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 306.00 | 2.68 % | |
R2 | 302.56 | 1.53 % | ||
R1 | 300.44 | 0.82 % | ||
Current price: | 298.00 | |||
Support | S1 | 293.56 | -1.49 % | |
S2 | 291.44 | -2.20 % | ||
S3 | 288.00 | -3.36 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 312.00 | 4.70 % | |
R2 | 311.00 | 4.36 % | ||
R1 | 300.00 | 0.671 % | ||
Current price | 298.00 | |||
Support | S1 | 290.00 | -2.68% | |
S2 | 284.00 | -4.70% | ||
S3 | 265.00 | -11.07% |
8562 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¥5.00 | 2.17% |
3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥5.00 | 2.12% |
4 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥2.00 | 1.24% |
5 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥2.00 | 0.517% |
FAQ
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