ORIX CORPORATION Stock Forecast
Green day on Friday for ORIX CORPORATION stock after gaining 2.21%
(Updated on May 31, 2024)
The ORIX CORPORATION stock price gained 2.21% on the last trading day (Friday, 31st May 2024), rising from JP¥3,345.00 to JP¥3,419.00. During the last trading day the stock fluctuated 1.54% from a day low at JP¥3,373.00 to a day high of JP¥3,425.00. The price has risen in 6 of the last 10 days and is up by 0.77% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 million more shares were traded than the day before. In total, 6 million shares were bought and sold for approximately JP¥20.42 billion.
The stock lies in the middle of a weak 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 4.67% during the next 3 months and, with a 90% probability hold a price between JP¥3,329.96 and JP¥3,662.48 at the end of this 3-month period.
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8591.T Signals & Forecast
The ORIX CORPORATION 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¥3,362.29 and JP¥3,285.11. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Thursday, May 09, 2024, and so far it has fallen -0.204%. 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). The stock had a Golden Star Signal on Thursday, November 16, 2023 in the long-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 12 Months
The stock had a Golden Star Signal on Thursday, November 16, 2023 in the long-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 ORIX CORPORATION stock
ORIX CORPORATION finds support from accumulated volume at JP¥3,374.00 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¥52.00 (1.54%) between high and low. For the last week, the stock has had daily average volatility of 1.51%.
Our recommended stop-loss: JP¥3,288.10 (-3.83%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 27 days ago.)
Trading Expectations (8591.T) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect ORIX CORPORATION to open at JP¥3,405.67, and during the day (based on 14 day Average True Range), to move between JP¥3,352.42 and JP¥3,485.58, which gives a possible trading interval of +/-JP¥66.58 (+/-1.95%) up or down from last closing price. If ORIX CORPORATION takes out the full calculated possible swing range there will be an estimated 3.89% 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¥3,422.00 (0.09%) than the support at JP¥3,374.00 (1.32%), 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 ORIX CORPORATION 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 ORIX CORPORATION stock to perform well in the short-term.
Current score: 3.347 Buy Candidate Unchanged
Predicted Opening Price for ORIX CORPORATION of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| JP¥3,405.67 ( 0.390%) | JP¥3,419.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8591.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,457.67 | 1.13 % | |
| R2 | 3,437.80 | 0.550 % | ||
| R1 | 3,425.53 | 0.191 % | ||
| Current price: | 3,419.00 | |||
| Support | S1 | 3,385.80 | -0.97 % | |
| S2 | 3,373.53 | -1.33 % | ||
| S3 | 3,353.67 | -1.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 3,426.00 | 0.205 % | ||
| R1 | 3,422.00 | 0.0877 % | ||
| Current price | 3,419.00 | |||
| Support | S1 | 3,374.00 | -1.32% | |
| S2 | 3,373.00 | -1.35% | ||
| S3 | 3,183.00 | -6.90% |
8591 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 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥42.80 | 1.99% |
| 4 | Mar 10, 2022 | Sep 29, 2022 | Jun 10, 2022 | JP¥42.80 | 1.77% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥46.60 | 1.86% |
FAQ
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