Sompo Holdings,Inc. Stock Forecast
Green day on Thursday for Sompo Holdings,Inc. stock after gaining 0.721%
(Updated on May 09, 2024)
The Sompo Holdings,Inc. stock price gained 0.721% on the last trading day (Thursday, 9th May 2024), rising from JP¥3,050.00 to JP¥3,072.00. During the last trading day the stock fluctuated 0.95% from a day low at JP¥3,056.00 to a day high of JP¥3,085.00. The price has risen in 7 of the last 10 days and is up by 1.09% over the past 2 weeks. Volume fell on the last day by -348 thousand shares and in total, 2 million shares were bought and sold for approximately JP¥5.63 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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8630.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 01, 2024, and so far it has risen 1.82%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sompo Holdings,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¥3,088.43 and JP¥4,387.46. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Sompo Holdings,Inc. stock
Sompo Holdings,Inc. finds support from accumulated volume at JP¥3,050.00 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¥29.00 (0.95%) between high and low. For the last week, the stock has had daily average volatility of 1.70%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8630.T) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Sompo Holdings,Inc. to open at JP¥3,071.00, and during the day (based on 14 day Average True Range), to move between JP¥2,918.24 and JP¥3,225.76, which gives a possible trading interval of +/-JP¥153.76 (+/-5.01%) up or down from last closing price. If Sompo Holdings,Inc. takes out the full calculated possible swing range there will be an estimated 10.01% 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¥3,080.00 (0.26%) than the support at JP¥3,050.00 (0.72%), 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 Sompo Holdings,Inc. stock A Buy?
Sompo Holdings,Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.722 Sell Candidate Unchanged
Predicted Opening Price for Sompo Holdings,Inc. of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| JP¥3,071.00 ( 0.0326%) | JP¥3,072.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8630.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,100.00 | 0.91 % | |
| R2 | 3,088.92 | 0.551 % | ||
| R1 | 3,082.08 | 0.328 % | ||
| Current price: | 3,072.00 | |||
| Support | S1 | 3,059.92 | -0.393 % | |
| S2 | 3,053.08 | -0.616 % | ||
| S3 | 3,042.00 | -0.98 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,190.00 | 3.84 % | |
| R2 | 3,120.00 | 1.56 % | ||
| R1 | 3,080.00 | 0.260 % | ||
| Current price | 3,072.00 | |||
| Support | S1 | 3,050.00 | -0.716% | |
| S2 | 3,039.00 | -1.07% | ||
| S3 | 3,017.00 | -1.79% |
8630 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥150.00 | 6.74% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥130.00 | 7.47% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥130.00 | 6.75% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥105.00 | 5.73% |
FAQ
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