Sun Frontier Fudousan Co.,Ltd. Stock Forecast
Green day on Friday for Sun Frontier Fudousan Co.,Ltd. stock after gaining 1.87%
(Updated on Jun 28, 2024)
The Sun Frontier Fudousan Co.,Ltd. stock price gained 1.87% on the last trading day (Friday, 28th Jun 2024), rising from JP¥1,977.00 to JP¥2,014.00. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.56% from a day low at JP¥1,990.00 to a day high of JP¥2,021.00. The price has risen in 8 of the last 10 days and is up by 2.34% 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, 72 thousand more shares were traded than the day before. In total, 149 thousand shares were bought and sold for approximately JP¥300.69 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Sun Frontier Fudousan Co.,Ltd. stock with a 90% probability to be traded between JP¥1,918.77 and JP¥2,197.52 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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8934.T Signals & Forecast
Mostly positive signals in the chart today. The Sun Frontier Fudousan Co.,Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥1,965.86 and JP¥1,985.91. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 6.11%. 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 Sun Frontier Fudousan Co.,Ltd. stock
Sun Frontier Fudousan Co.,Ltd. finds support from accumulated volume at JP¥1,979.00 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¥31.00 between high and low, or 1.56%. For the last week the stock has had daily average volatility of 1.39%.
Our recommended stop-loss: JP¥1,928.83 (-4.23%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 34 days ago.)
Trading Expectations (8934.T) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Sun Frontier Fudousan Co.,Ltd. to open at JP¥2,008.33, and during the day (based on 14 day Average True Range), to move between JP¥1,971.85 and JP¥2,056.15, which gives a possible trading interval of +/-JP¥42.15 (+/-2.09%) 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 4.19% 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¥1,979.00 (1.74%) than the resistance at JP¥2,050.00 (1.79%), 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?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Sun Frontier Fudousan Co.,Ltd. stock to perform well in the short-term period.
Current score: 1.999 Buy Candidate Unchanged
Predicted Opening Price for Sun Frontier Fudousan Co.,Ltd. of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
JP¥2,008.33 ( 0.281%) | JP¥2,014.00 |
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 | 2,039.33 | 1.26% |
R2 | 2,027.49 | 0.670% |
R1 | 2,020.18 | 0.307% |
Price | 2,014.00 | |
S1 | 1,996.49 | -0.87% |
S2 | 1,989.18 | -1.23% |
S3 | 1,977.33 | -1.82% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 2,171.00 | 7.80% |
R2 | 2,070.00 | 2.78% |
R1 | 2,050.00 | 1.79% |
Price | 2,014.00 | |
S1 | 1,979.00 | -1.74% |
S2 | 1,961.00 | -2.63% |
S3 | 1,910.00 | -5.16% |
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 | 0.101% |
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% |
FAQ
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