Odakyu Electric Railway Co.,Ltd. Stock Forecast
Odakyu Electric Railway Co.,Ltd. stock upgraded from Sell Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Jul 02, 2024)
The Odakyu Electric Railway Co.,Ltd. stock price gained 0.358% on the last trading day (Tuesday, 2nd Jul 2024), rising from JP¥1,535.50 to JP¥1,541.00. During the last trading day the stock fluctuated 1.78% from a day low at JP¥1,517.00 to a day high of JP¥1,544.00. The price has risen in 6 of the last 10 days and is up by 1.62% over the past 2 weeks. Volume fell on the last day by -369 thousand shares and in total, 1 million shares were bought and sold for approximately JP¥2.08 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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¥1,541.81 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 -21.92% during the next 3 months and, with a 90% probability hold a price between JP¥1,113.63 and JP¥1,203.87 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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9007.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 3.91%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Odakyu Electric Railway 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¥1,544.86 and JP¥1,586.61. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Odakyu Electric Railway Co.,Ltd. stock
Odakyu Electric Railway Co.,Ltd. finds support from accumulated volume at JP¥1,531.50 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¥27.00 (1.78%) between high and low. For the last week, the stock has had daily average volatility of 1.97%.
Our recommended stop-loss: JP¥1,461.35 (-5.17%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (9007.T) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Odakyu Electric Railway Co.,Ltd. to open at JP¥1,534.00, and during the day (based on 14 day Average True Range), to move between JP¥1,505.70 and JP¥1,576.30, which gives a possible trading interval of +/-JP¥35.30 (+/-2.29%) up or down from last closing price. If Odakyu Electric Railway Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 4.58% 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¥1,531.50 (0.62%) than the resistance at JP¥1,620.50 (5.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Odakyu Electric Railway Co.,Ltd. stock A Buy?
Odakyu Electric Railway Co.,Ltd. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: 0.340 Hold/Accumulate Upgraded
Predicted Opening Price for Odakyu Electric Railway Co.,Ltd. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| JP¥1,534.00 ( 0.454%) | JP¥1,541.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9007.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,561.00 | 1.30% |
| R2 | 1,550.69 | 0.629% |
| R1 | 1,544.31 | 0.215% |
| Price | 1,541.00 | |
| S1 | 1,523.69 | -1.12% |
| S2 | 1,517.31 | -1.54% |
| S3 | 1,507.00 | -2.21% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,676.00 | 8.76% |
| R2 | 1,646.50 | 6.85% |
| R1 | 1,620.50 | 5.16% |
| Price | 1,541.00 | |
| S1 | 1,531.50 | -0.616% |
| S2 | 1,501.00 | -2.60% |
| S3 | 1,483.00 | -3.76% |
9007 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 28, 2024 | JP¥19.00 | 1.22% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥11.00 | 0.493% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥21.00 | 1.21% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥10.00 | 0.479% |
FAQ
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