Ichiyoshi Securities Co.,Ltd. Stock Forecast
Ichiyoshi Securities Co.,Ltd. stock downgraded to Sell Candidate
(Updated on Apr 26, 2024)
The Ichiyoshi Securities Co.,Ltd. stock price gained 1.12% on the last trading day (Friday, 26th Apr 2024), rising from JP¥803.00 to JP¥812.00. During the last trading day the stock fluctuated 2.39% from a day low at JP¥796.00 to a day high of JP¥815.00. The price has been going up and down for this period, and there has been a 1% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 108 thousand shares were bought and sold for approximately JP¥87.78 million.
The stock lies in the middle of a wide and 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 6.65% during the next 3 months and, with a 90% probability hold a price between JP¥833.28 and JP¥945.59 at the end of this 3-month period.
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8624.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 4.77%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ichiyoshi Securities Co.,Ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥818.54. On a fall, the stock will find some support from the short-term average at JP¥804.00. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Ichiyoshi Securities Co.,Ltd. stock
Ichiyoshi Securities Co.,Ltd. finds support from accumulated volume at JP¥808.00 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¥19.00 between high and low, or 2.39%. For the last week the stock has had daily average volatility of 1.93%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8624.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Ichiyoshi Securities Co.,Ltd. to open at JP¥807.67, and during the day (based on 14 day Average True Range), to move between JP¥793.68 and JP¥830.32, which gives a possible trading interval of +/-JP¥18.32 (+/-2.26%) up or down from last closing price. If Ichiyoshi Securities Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 4.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥808.00 (0.49%) than the resistance at JP¥834.00 (2.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Ichiyoshi Securities Co.,Ltd. will release earnings BMO on Tuesday, April 30, 2024. We will update the financials statements for Ichiyoshi Securities Co.,Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.10% in the first trading day after earnings release.
Is Ichiyoshi Securities Co.,Ltd. stock A Buy?
Ichiyoshi Securities Co.,Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.394 Sell Candidate Downgraded
Predicted Opening Price for Ichiyoshi Securities Co.,Ltd. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥807.67 ( 0.534%) | JP¥812.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8624.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 826.67 | 1.81 % | |
| R2 | 819.41 | 0.91 % | ||
| R1 | 814.92 | 0.360 % | ||
| Current price: | 812.00 | |||
| Support | S1 | 800.41 | -1.43 % | |
| S2 | 795.92 | -1.98 % | ||
| S3 | 788.67 | -2.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 861.00 | 6.03 % | |
| R2 | 841.00 | 3.57 % | ||
| R1 | 834.00 | 2.71 % | ||
| Current price | 812.00 | |||
| Support | S1 | 808.00 | -0.493% | |
| S2 | 807.00 | -0.616% | ||
| S3 | 803.00 | -1.11% |
8624 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | May 01, 2024 | JP¥17.00 | 2.09% |
| 2 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥17.00 | 2.34% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥17.00 | 2.83% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥17.00 | 2.78% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥19.00 | 3.01% |
FAQ
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