JAFCO Co.,Ltd. Stock Forecast
Evaluation of JAFCO Co.,Ltd. stock downgraded after the last trading session.
(Updated on Jun 21, 2024)
The JAFCO Co.,Ltd. stock price fell by -0.369% on the last day (Friday, 21st Jun 2024) from JP¥1,896.50 to JP¥1,889.50. During the last trading day the stock fluctuated 1.25% from a day low at JP¥1,887.50 to a day high of JP¥1,911.00. The price has fallen in 6 of the last 10 days but is still up by 1.8% over the past 2 weeks. Volume has increased on the last day by 128 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, 252 thousand shares were bought and sold for approximately JP¥476.91 million.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at JP¥1,908.13 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect JAFCO Co.,Ltd. stock with a 90% probability to be traded between JP¥1,746.73 and JP¥1,943.77 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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8595.T Signals & Forecast
The JAFCO 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¥1,887.36 and JP¥1,842.83. 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, June 19, 2024, and so far it has fallen -0.92%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Friday, January 19, 2024 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 Friday, January 19, 2024 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 JAFCO Co.,Ltd. stock
JAFCO Co.,Ltd. finds support from accumulated volume at JP¥1,843.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved JP¥23.50 between high and low, or 1.25%. For the last week the stock has had daily average volatility of 1.47%.
Our recommended stop-loss: JP¥1,829.34 (-3.18%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 42 days ago.)
Trading Expectations (8595.T) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect JAFCO Co.,Ltd. to open at JP¥1,896.00, and during the day (based on 14 day Average True Range), to move between JP¥1,851.23 and JP¥1,927.77, which gives a possible trading interval of +/-JP¥38.27 (+/-2.03%) up or down from last closing price. If JAFCO Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 4.05% 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¥1,896.00 (0.34%) than the support at JP¥1,843.50 (2.43%), 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 JAFCO Co.,Ltd. stock A Buy?
JAFCO Co.,Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: 0.117 Hold/Accumulate Downgraded
Predicted Opening Price for JAFCO Co.,Ltd. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| JP¥1,896.00 ( 0.344%) | JP¥1,889.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8595.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,919.50 | 1.59% |
| R2 | 1,910.52 | 1.11% |
| R1 | 1,904.98 | 0.82% |
| Price | 1,889.50 | |
| S1 | 1,887.02 | -0.131% |
| S2 | 1,881.48 | -0.425% |
| S3 | 1,872.50 | -0.90% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,935.00 | 2.41% |
| R2 | 1,910.00 | 1.08% |
| R1 | 1,896.00 | 0.344% |
| Price | 1,889.50 | |
| S1 | 1,843.50 | -2.43% |
| S2 | 1,817.50 | -3.81% |
| S3 | 1,785.50 | -5.50% |
8595 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | May 01, 2024 | JP¥66.00 | 3.70% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥150.00 | 7.88% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥51.00 | 2.67% |
| 4 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥46.00 | 2.06% |
| 5 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥39.33 | 3.96% |
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