Japan Excellent,Inc. Stock Forecast
Japan Excellent,Inc. stock price down 1.31% on Thursday
(Updated on May 30, 2024)
The Japan Excellent,Inc. stock price fell by -1.31% on the last day (Thursday, 30th May 2024) from JP¥122,200.00 to JP¥120,600.00. During the last trading day the stock fluctuated 1.33% from a day low at JP¥120,400.00 to a day high of JP¥122,000.00. The price has fallen in 7 of the last 10 days and is down by -4.21% for this period. Volume has increased on the last day by 652 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, 3 thousand shares were bought and sold for approximately JP¥351.19 million.
Given the current horizontal trend, you can expect Japan Excellent,Inc. stock with a 90% probability to be traded between JP¥122,795.55 and JP¥134,526.97 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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8987.T Signals & Forecast
There are few to no technical positive signals at the moment. The Japan Excellent,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¥122,900.00 and JP¥126,331.43. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -7.52%. 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 Japan Excellent,Inc. stock
Japan Excellent,Inc. finds support from accumulated volume at JP¥119,200.00 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¥1,600.00 between high and low, or 1.33%. For the last week the stock has had daily average volatility of 1.20%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8987.T) For The Upcoming Trading Day Of Friday 31st
For the upcoming trading day on Friday, 31st we expect Japan Excellent,Inc. to open at JP¥121,000.00, and during the day (based on 14 day Average True Range), to move between JP¥118,828.01 and JP¥122,371.99, which gives a possible trading interval of +/-JP¥1,771.99 (+/-1.47%) up or down from last closing price. If Japan Excellent,Inc. takes out the full calculated possible swing range there will be an estimated 2.94% 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¥119,200.00 (1.16%) than the resistance at JP¥122,500.00 (1.58%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Japan Excellent,Inc. stock A Buy?
Japan Excellent,Inc. holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.092 Sell Candidate Unchanged
Predicted Opening Price for Japan Excellent,Inc. of Friday, May 31, 2024
| Fair opening price May 31, 2024 | Current price |
|---|---|
| JP¥121,000.00 ( 0.332%) | JP¥120,600.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8987.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 122,600.00 | 1.66 % | |
| R2 | 121,988.80 | 1.15 % | ||
| R1 | 121,611.20 | 0.84 % | ||
| Current price: | 120,600.00 | |||
| Support | S1 | 120,388.80 | -0.175 % | |
| S2 | 120,011.20 | -0.488 % | ||
| S3 | 119,400.00 | -1.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 128,000.00 | 6.14 % | |
| R2 | 127,800.00 | 5.97 % | ||
| R1 | 122,500.00 | 1.58 % | ||
| Current price | 120,600.00 | |||
| Support | S1 | 119,200.00 | -1.16% | |
| S2 | 118,700.00 | -1.58% | ||
| S3 | 118,600.00 | -1.66% |
8987 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Sep 01, 2024 | JP¥2,760.00 | 2.29% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | JP¥0 | 0% |
| 3 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥2,800.00 | 2.30% |
| 4 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥2,800.00 | 2.14% |
| 5 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥2,800.00 | 2.28% |
FAQ
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