ES-CON JAPAN Ltd. Stock Forecast
Green day on Tuesday for ES-CON JAPAN Ltd.
(Updated on Apr 23, 2024)
The ES-CON JAPAN Ltd. stock price gained 0.299% on the last trading day (Tuesday, 23rd Apr 2024), rising from JP¥1,002.00 to JP¥1,005.00. During the last trading day the stock fluctuated 1.70% from a day low at JP¥1,001.00 to a day high of JP¥1,018.00. The price has fallen in 6 of the last 10 days and is down by -1.08% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 118 thousand more shares were traded than the day before. In total, 407 thousand shares were bought and sold for approximately JP¥409.24 million.
The stock lies in the middle of a 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 2.57% during the next 3 months and, with a 90% probability hold a price between JP¥1,004.09 and JP¥1,098.96 at the end of this 3-month period.
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8892.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 2.76%. Further rise is indicated until a new top pivot has been found. 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 ES-CON JAPAN 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¥1,011.86. On a fall, the stock will find some support from the short-term average at JP¥994.57. 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).
Support, Risk & Stop-loss for ES-CON JAPAN Ltd. stock
ES-CON JAPAN Ltd. finds support from accumulated volume at JP¥1,000.00 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¥17.00 (1.70%) between high and low. For the last week, the stock has had daily average volatility of 1.67%.
Our recommended stop-loss: JP¥955.09 (-4.97%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (8892.T) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect ES-CON JAPAN Ltd. to open at JP¥1,008.00, and during the day (based on 14 day Average True Range), to move between JP¥985.73 and JP¥1,024.27, which gives a possible trading interval of +/-JP¥19.27 (+/-1.92%) up or down from last closing price. If ES-CON JAPAN Ltd. takes out the full calculated possible swing range there will be an estimated 3.84% 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¥1,000.00 (0.50%) than the resistance at JP¥1,016.00 (1.09%), 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
ES-CON JAPAN Ltd. will release earnings BMO on Wednesday, April 24, 2024. We will update the financials statements for ES-CON JAPAN Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.60% in the first trading day after earnings release.
Is ES-CON JAPAN 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 ES-CON JAPAN Ltd. stock to perform well in the short-term.
Current score: 1.320 Buy Candidate Unchanged
Predicted Opening Price for ES-CON JAPAN Ltd. of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| JP¥1,008.00 ( 0.299%) | JP¥1,005.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8892.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,025.00 | 1.99 % | |
| R2 | 1,018.51 | 1.34 % | ||
| R1 | 1,014.49 | 0.94 % | ||
| Current price: | 1,005.00 | |||
| Support | S1 | 1,001.51 | -0.348 % | |
| S2 | 997.49 | -0.747 % | ||
| S3 | 991.00 | -1.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,063.00 | 5.77 % | |
| R2 | 1,018.00 | 1.29 % | ||
| R1 | 1,016.00 | 1.09 % | ||
| Current price | 1,005.00 | |||
| Support | S1 | 1,000.00 | -0.498% | |
| S2 | 988.00 | -1.69% | ||
| S3 | 965.00 | -3.98% |
8892 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | JP¥0 | 0% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥38.00 | 4.94% |
| 4 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥38.00 | 5.02% |
| 5 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | JP¥38.00 | 4.65% |
FAQ
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