Sun Frontier Fudousan Co.,Ltd. Stock Forecast
Stronger technical forecast for Sun Frontier Fudousan Co.,Ltd. stock price after Tuesday trading.
(Updated on Jun 25, 2024)
The Sun Frontier Fudousan Co.,Ltd. stock price gained 1.18% on the last trading day (Tuesday, 25th Jun 2024), rising from JP¥1,941.00 to JP¥1,964.00. During the last trading day the stock fluctuated 1.64% from a day low at JP¥1,948.00 to a day high of JP¥1,980.00. The price has risen in 7 of the last 10 days and is up by 0.26% 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, 51 thousand more shares were traded than the day before. In total, 106 thousand shares were bought and sold for approximately JP¥208.77 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¥1,913.36 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 2.47% during the next 3 months and, with a 90% probability hold a price between JP¥1,960.54 and JP¥2,251.64 at the end of this 3-month period.
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8934.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 3.48%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sun Frontier Fudousan 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¥1,986.77. On a fall, the stock will find some support from the short-term average at JP¥1,942.71. 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.
Support, Risk & Stop-loss for Sun Frontier Fudousan Co.,Ltd. stock
Sun Frontier Fudousan Co.,Ltd. finds support from accumulated volume at JP¥1,961.00 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¥32.00 between high and low, or 1.64%. For the last week the stock has had daily average volatility of 1.84%.
Our recommended stop-loss: JP¥1,861.58 (-5.21%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (8934.T) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Sun Frontier Fudousan Co.,Ltd. to open at JP¥1,964.00, and during the day (based on 14 day Average True Range), to move between JP¥1,919.27 and JP¥2,008.73, which gives a possible trading interval of +/-JP¥44.73 (+/-2.28%) up or down from last closing price. If Sun Frontier Fudousan Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 4.56% 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¥1,961.00 (0.15%) than the resistance at JP¥1,979.00 (0.76%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sun Frontier Fudousan Co.,Ltd. stock A Buy?
Sun Frontier Fudousan 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: -0.875 Hold/Accumulate Upgraded
Predicted Opening Price for Sun Frontier Fudousan Co.,Ltd. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| JP¥1,964.00 ( 0%) | JP¥1,964.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8934.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,996.00 | 1.63% |
| R2 | 1,983.78 | 1.01% |
| R1 | 1,976.22 | 0.622% |
| Price | 1,964.00 | |
| S1 | 1,951.78 | -0.622% |
| S2 | 1,944.22 | -1.01% |
| S3 | 1,932.00 | -1.63% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,171.00 | 10.54% |
| R2 | 2,050.00 | 4.38% |
| R1 | 1,979.00 | 0.764% |
| Price | 1,964.00 | |
| S1 | 1,961.00 | -0.153% |
| S2 | 1,864.00 | -5.09% |
| S3 | 1,812.00 | -7.74% |
8934 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 26, 2024 | JP¥2.00 | 0.102% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥26.00 | 1.73% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥25.00 | 1.97% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥23.00 | 2.04% |
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