RICOH LEASING COMPANY,LTD. Stock Forecast
Green day on Wednesday for RICOH LEASING COMPANY,LTD. stock after gaining 0.561%
(Updated on Jul 03, 2024)
The RICOH LEASING COMPANY,LTD. stock price gained 0.561% on the last trading day (Wednesday, 3rd Jul 2024), rising from JP¥5,350.00 to JP¥5,380.00. It has now gained 9 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 1.32% from a day low at JP¥5,320.00 to a day high of JP¥5,390.00. The price has risen in 9 of the last 10 days and is up by 5.7% over the past 2 weeks. Volume fell on the last day by -12 thousand shares and in total, 15 thousand shares were bought and sold for approximately JP¥78.55 million. 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.
Given the current short-term trend, the stock is expected to fall -2.22% during the next 3 months and, with a 90% probability hold a price between JP¥4,861.62 and JP¥5,260.59 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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8566.T Signals & Forecast
Mostly positive signals in the chart today. The RICOH LEASING COMPANY,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¥5,311.43 and JP¥5,128.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 7.60%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for RICOH LEASING COMPANY,LTD. stock
RICOH LEASING COMPANY,LTD. finds support from accumulated volume at JP¥5,250.00 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¥70.00 (1.32%) between high and low. For the last week, the stock has had daily average volatility of 0.94%.
The RICOH LEASING COMPANY,LTD. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs. Since the RICOH LEASING COMPANY,LTD. has been rising for 9 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: JP¥5,240.12 (-2.60%) (This stock has low daily movements and this gives low risk. The RSI14 is 95 and this increases the risk substantially. There is a buy signal from a pivot bottom found 70 days ago.)
Trading Expectations (8566.T) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect RICOH LEASING COMPANY,LTD. to open at JP¥5,363.33, and during the day (based on 14 day Average True Range), to move between JP¥5,321.08 and JP¥5,438.92, which gives a possible trading interval of +/-JP¥58.92 (+/-1.10%) up or down from last closing price. If RICOH LEASING COMPANY,LTD. takes out the full calculated possible swing range there will be an estimated 2.19% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥5,250.00, some JP¥130.00 (2.42%) from the current price of JP¥5,380.00, our system finds the risk reward attractive.
Is RICOH LEASING COMPANY,LTD. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.883 Buy Candidate Unchanged
Predicted Opening Price for RICOH LEASING COMPANY,LTD. of Thursday, July 4, 2024
Fair opening price July 4, 2024 | Current price |
---|---|
JP¥5,363.33 ( 0.310%) | JP¥5,380.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8566.T
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 5,433.33 | 0.99% |
R2 | 5,406.59 | 0.494% |
R1 | 5,390.07 | 0.187% |
Price | 5,380.00 | |
S1 | 5,336.59 | -0.81% |
S2 | 5,320.07 | -1.11% |
S3 | 5,293.33 | -1.61% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0 | - |
Price | 5,380.00 | |
S1 | 5,250.00 | -2.42% |
S2 | 5,210.00 | -3.16% |
S3 | 5,170.00 | -3.90% |
8566 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
2 | Mar 28, 2024 | Mar 28, 2024 | Jun 25, 2024 | JP¥75.00 | 1.43% |
3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥75.00 | 1.67% |
4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥80.00 | 2.10% |
5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥65.00 | 1.83% |
FAQ
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