Senshu Ikeda Holdings,Inc. Stock Forecast
Senshu Ikeda Holdings,Inc. stock downgraded to Hold/Accumulate
(Updated on Jun 20, 2024)
The Senshu Ikeda Holdings,Inc. stock price fell by -1.80% on the last day (Thursday, 20th Jun 2024) from JP¥388.00 to JP¥381.00. During the last trading day the stock fluctuated 2.12% from a day low at JP¥378.00 to a day high of JP¥386.00. The price has fallen in 7 of the last 10 days and is down by -5.22% for this period. Volume has increased on the last day by 518 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately JP¥490.39 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¥378.15 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 2.93% during the next 3 months and, with a 90% probability hold a price between JP¥389.24 and JP¥461.83 at the end of this 3-month period.
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8714.T Signals & Forecast
There are few to no technical positive signals at the moment. The Senshu Ikeda 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¥388.71 and JP¥396.69. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -14.57%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Senshu Ikeda Holdings,Inc. stock
Senshu Ikeda Holdings,Inc. finds support from accumulated volume at JP¥380.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved JP¥8.00 between high and low, or 2.12%. For the last week, the stock has had daily average volatility of 2.30%.
Our recommended stop-loss: JP¥362.72 (-4.80%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 25 days ago.)
Trading Expectations (8714.T) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Senshu Ikeda Holdings,Inc. to open at JP¥381.67, and during the day (based on 14 day Average True Range), to move between JP¥369.85 and JP¥392.15, which gives a possible trading interval of +/-JP¥11.15 (+/-2.93%) up or down from last closing price. If Senshu Ikeda Holdings,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 support from accumulated volume at JP¥380.00 (0.26%) than the resistance at JP¥388.00 (1.84%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Senshu Ikeda Holdings,Inc. stock A Buy?
Senshu Ikeda Holdings,Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.384 Hold/Accumulate Downgraded
Predicted Opening Price for Senshu Ikeda Holdings,Inc. of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| JP¥381.67 ( 0.175%) | JP¥381.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8714.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 389.67 | 2.27% |
| R2 | 386.61 | 1.47% |
| R1 | 384.72 | 0.98% |
| Price | 381.00 | |
| S1 | 378.61 | -0.627% |
| S2 | 376.72 | -1.12% |
| S3 | 373.67 | -1.92% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 406.00 | 6.56% |
| R2 | 402.00 | 5.51% |
| R1 | 388.00 | 1.84% |
| Price | 381.00 | |
| S1 | 380.00 | -0.262% |
| S2 | 378.00 | -0.787% |
| S3 | 374.00 | -1.84% |
8714 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 27, 2024 | JP¥6.25 | 1.64% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥5.00 | 1.52% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥5.00 | 2.16% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥5.00 | 2.35% |
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