Sawada Holdings Co.,Ltd. Stock Forecast
Sawada Holdings Co.,Ltd. stock price ended at JP¥955.00 on Monday, after losing 0%.
(Updated on Apr 22, 2024)
No changes to the price of Sawada Holdings Co.,Ltd. stock on the last trading day (Monday, 22nd Apr 2024). During the last trading day the stock fluctuated 1.47% from a day low at JP¥952.00 to a day high of JP¥966.00. The price has fallen in 5 of the last 10 days and is down by -0.93% for this period.
The stock lies in the middle of a narrow and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.55% during the next 3 months and, with a 90% probability hold a price between JP¥872.83 and JP¥905.79 at the end of this 3-month period. 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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8699.T Signals & Forecast
There are mixed signals in the stock today. The Sawada Holdings 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¥978.91. On a fall, the stock will find some support from the short-term average at JP¥952.00. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 0.738%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Sawada Holdings Co.,Ltd. stock
Sawada Holdings Co.,Ltd. finds support from accumulated volume at JP¥953.00 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¥14.00 (1.47%) between high and low. For the last week, the stock has had daily average volatility of 1.86%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8699.T) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Sawada Holdings Co.,Ltd. to open at JP¥957.67, and during the day (based on 14 day Average True Range), to move between JP¥941.66 and JP¥968.34, which gives a possible trading interval of +/-JP¥13.34 (+/-1.40%) up or down from last closing price. If Sawada Holdings Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 2.79% 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¥953.00 (0.21%) than the resistance at JP¥981.00 (2.72%), 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
Sawada Holdings Co.,Ltd. will release earnings BMO on Tuesday, April 30, 2024. We will update the financials statements for Sawada Holdings Co.,Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.32% in the first trading day after earnings release.
Is Sawada Holdings Co.,Ltd. stock A Buy?
Sawada Holdings 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.
Current score: -2.303 Sell Candidate Unchanged
Predicted Opening Price for Sawada Holdings Co.,Ltd. of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| JP¥957.67 ( 0.279%) | JP¥955.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8699.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 971.67 | 1.75 % | |
| R2 | 966.32 | 1.19 % | ||
| R1 | 963.01 | 0.84 % | ||
| Current price: | 955.00 | |||
| Support | S1 | 952.32 | -0.281 % | |
| S2 | 949.01 | -0.627 % | ||
| S3 | 943.67 | -1.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 997.00 | 4.40 % | |
| R2 | 984.00 | 3.04 % | ||
| R1 | 981.00 | 2.72 % | ||
| Current price | 955.00 | |||
| Support | S1 | 953.00 | -0.209% | |
| S2 | 951.00 | -0.419% | ||
| S3 | 948.00 | -0.733% |
8699 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Jul 01, 2024 | JP¥10.00 | 1.05% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥10.00 | 1.02% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥10.00 | 0.769% |
| 4 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥12.00 | 1.57% |
| 5 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥2.00 | 0.225% |
FAQ
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