SANYO HOUSING NAGOYA CO.,LTD. Stock Forecast
SANYO HOUSING NAGOYA CO.,LTD. stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 17, 2024)
The SANYO HOUSING NAGOYA CO.,LTD. stock price gained 0.363% on the last trading day (Friday, 17th May 2024), rising from JP¥827.00 to JP¥830.00. During the last trading day the stock fluctuated 0.85% from a day low at JP¥826.00 to a day high of JP¥833.00. The price has risen in 6 of the last 10 days and is up by 1.47% 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, 15 thousand more shares were traded than the day before. In total, 36 thousand shares were bought and sold for approximately JP¥29.63 million.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at JP¥838.66 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -6.64% during the next 3 months and, with a 90% probability hold a price between JP¥732.69 and JP¥782.98 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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8904.T Signals & Forecast
There are mixed signals in the stock today. The SANYO HOUSING NAGOYA CO.,LTD. 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¥830.57 and JP¥831.23. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 3.23%. 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 SANYO HOUSING NAGOYA CO.,LTD. stock
SANYO HOUSING NAGOYA CO.,LTD. finds support from accumulated volume at JP¥829.00 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¥7.00 between high and low, or 0.85%. For the last week the stock has had daily average volatility of 0.94%.
Our recommended stop-loss: JP¥783.39 (-5.62%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (8904.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect SANYO HOUSING NAGOYA CO.,LTD. to open at JP¥829.67, and during the day (based on 14 day Average True Range), to move between JP¥821.76 and JP¥838.24, which gives a possible trading interval of +/-JP¥8.24 (+/-0.99%) up or down from last closing price. If SANYO HOUSING NAGOYA CO.,LTD. takes out the full calculated possible swing range there will be an estimated 1.99% 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¥829.00 (0.12%) than the resistance at JP¥835.00 (0.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SANYO HOUSING NAGOYA CO.,LTD. stock A Buy?
SANYO HOUSING NAGOYA CO.,LTD. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.210 Hold/Accumulate Upgraded
Predicted Opening Price for SANYO HOUSING NAGOYA CO.,LTD. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥829.67 ( 0.0402%) | JP¥830.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8904.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 836.67 | 0.80 % | |
| R2 | 833.99 | 0.481 % | ||
| R1 | 832.34 | 0.282 % | ||
| Current price: | 830.00 | |||
| Support | S1 | 826.99 | -0.362 % | |
| S2 | 825.34 | -0.561 % | ||
| S3 | 822.67 | -0.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 879.00 | 5.90 % | |
| R2 | 860.00 | 3.61 % | ||
| R1 | 835.00 | 0.602 % | ||
| Current price | 830.00 | |||
| Support | S1 | 829.00 | -0.120% | |
| S2 | 828.00 | -0.241% | ||
| S3 | 816.00 | -1.69% |
8904 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2024 | Aug 29, 2024 | Aug 29, 2024 | JP¥0 | 0% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | JP¥0 | 0% |
| 3 | Aug 30, 2023 | Aug 30, 2023 | Aug 30, 2023 | JP¥19.00 | 2.17% |
| 4 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | JP¥19.00 | 2.41% |
| 5 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | JP¥19.00 | 2.34% |
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