OKASAN SECURITIES GROUP INC. Stock Forecast
OKASAN SECURITIES GROUP INC. stock price ended at JP¥744.00 on Tuesday, after gaining 1.92%.
(Updated on May 07, 2024)
The OKASAN SECURITIES GROUP INC. stock price gained 1.92% on the last trading day (Tuesday, 7th May 2024), rising from JP¥730.00 to JP¥744.00. During the last trading day the stock fluctuated 1.36% from a day low at JP¥736.00 to a day high of JP¥746.00. The price has fallen in 6 of the last 10 days and is down by -0.93% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 196 thousand more shares were traded than the day before. In total, 414 thousand shares were bought and sold for approximately JP¥307.87 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥733.51 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 2.64% during the next 3 months and, with a 90% probability hold a price between JP¥752.86 and JP¥886.70 at the end of this 3-month period.
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8609.T Signals & Forecast
There are mixed signals in the stock today. The OKASAN SECURITIES GROUP INC. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥745.00 and JP¥776.89. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.92%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for OKASAN SECURITIES GROUP INC. stock
OKASAN SECURITIES GROUP INC. finds support from accumulated volume at JP¥731.00 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¥10.00 between high and low, or 1.36%. For the last week the stock has had daily average volatility of 2.69%.
Our recommended stop-loss: JP¥701.31 (-5.74%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (8609.T) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect OKASAN SECURITIES GROUP INC. to open at JP¥742.00, and during the day (based on 14 day Average True Range), to move between JP¥722.23 and JP¥765.77, which gives a possible trading interval of +/-JP¥21.77 (+/-2.93%) up or down from last closing price. If OKASAN SECURITIES GROUP INC. takes out the full calculated possible swing range there will be an estimated 5.85% 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¥753.00 (1.21%) than the support at JP¥731.00 (1.75%), 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 OKASAN SECURITIES GROUP INC. stock A Buy?
OKASAN SECURITIES GROUP INC. 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.
Current score: -0.884 Hold/Accumulate Unchanged
Predicted Opening Price for OKASAN SECURITIES GROUP INC. of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| JP¥742.00 ( 0.269%) | JP¥744.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8609.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 752.00 | 1.08 % | |
| R2 | 748.18 | 0.562 % | ||
| R1 | 745.82 | 0.245 % | ||
| Current price: | 744.00 | |||
| Support | S1 | 738.18 | -0.782 % | |
| S2 | 735.82 | -1.10 % | ||
| S3 | 732.00 | -1.61 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 762.00 | 2.42 % | |
| R2 | 757.00 | 1.75 % | ||
| R1 | 753.00 | 1.21 % | ||
| Current price | 744.00 | |||
| Support | S1 | 731.00 | -1.75% | |
| S2 | 708.00 | -4.84% | ||
| S3 | 675.00 | -9.27% |
8609 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Jun 01, 2024 | JP¥15.00 | 2.02% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥10.00 | 2.19% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥15.00 | 3.98% |
| 4 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥15.00 | 3.16% |
| 5 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥10.00 | 2.86% |
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