Ichiyoshi Securities Co.,Ltd. Stock Forecast
Ichiyoshi Securities Co.,Ltd. stock upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on May 07, 2024)
The Ichiyoshi Securities Co.,Ltd. stock price gained 1.35% on the last trading day (Tuesday, 7th May 2024), rising from JP¥815.00 to JP¥826.00. During the last trading day the stock fluctuated 1.10% from a day low at JP¥819.00 to a day high of JP¥828.00. The price has risen in 7 of the last 10 days and is up by 4.82% 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, 20 thousand more shares were traded than the day before. In total, 94 thousand shares were bought and sold for approximately JP¥77.73 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 3.35% during the next 3 months and, with a 90% probability hold a price between JP¥806.69 and JP¥907.98 at the end of this 3-month period.
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8624.T Signals & Forecast
Mostly positive signals in the chart today. The Ichiyoshi Securities Co.,Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥814.43 and JP¥818.26. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 6.58%. 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 Ichiyoshi Securities Co.,Ltd. stock
Ichiyoshi Securities Co.,Ltd. finds support from accumulated volume at JP¥820.00 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¥9.00 between high and low, or 1.10%. For the last week the stock has had daily average volatility of 2.38%.
Our recommended stop-loss: JP¥787.55 (-4.66%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (8624.T) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Ichiyoshi Securities Co.,Ltd. to open at JP¥824.33, and during the day (based on 14 day Average True Range), to move between JP¥807.30 and JP¥844.70, which gives a possible trading interval of +/-JP¥18.70 (+/-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 4.53% 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¥820.00 (0.73%) than the resistance at JP¥834.00 (0.97%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ichiyoshi Securities Co.,Ltd. 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 Ichiyoshi Securities Co.,Ltd. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.980 Buy Candidate Upgraded
Predicted Opening Price for Ichiyoshi Securities Co.,Ltd. of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| JP¥824.33 ( 0.202%) | JP¥826.00 |
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 | 833.33 | 0.89 % | |
| R2 | 829.90 | 0.472 % | ||
| R1 | 827.77 | 0.214 % | ||
| Current price: | 826.00 | |||
| Support | S1 | 820.90 | -0.618 % | |
| S2 | 818.77 | -0.88 % | ||
| S3 | 815.33 | -1.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 861.00 | 4.24 % | |
| R2 | 841.00 | 1.82 % | ||
| R1 | 834.00 | 0.97 % | ||
| Current price | 826.00 | |||
| Support | S1 | 820.00 | -0.726% | |
| S2 | 808.00 | -2.18% | ||
| S3 | 803.00 | -2.78% |
8624 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | May 01, 2024 | JP¥17.00 | 2.10% |
| 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% |
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