FUKUYAMA TRANSPORTING CO.,LTD. Stock Forecast
Weaker technical forecast for FUKUYAMA TRANSPORTING CO.,LTD. as stock downgraded to Hold/Accumulate.
(Updated on Jul 02, 2024)
The FUKUYAMA TRANSPORTING CO.,LTD. stock price gained 0.254% on the last trading day (Tuesday, 2nd Jul 2024), rising from JP¥3,935.00 to JP¥3,945.00. During the last trading day the stock fluctuated 2.19% from a day low at JP¥3,890.00 to a day high of JP¥3,975.00. The price has fallen in 5 of the last 10 days and is down by -0.63% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 25 thousand more shares were traded than the day before. In total, 101 thousand shares were bought and sold for approximately JP¥397.26 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.09% during the next 3 months and, with a 90% probability hold a price between JP¥3,902.89 and JP¥4,304.06 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
9075.T Signals & Forecast
The FUKUYAMA TRANSPORTING CO.,LTD. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥3,919.29 and JP¥3,825.29. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, June 17, 2024, and so far it has fallen -2.83%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for FUKUYAMA TRANSPORTING CO.,LTD. stock
FUKUYAMA TRANSPORTING CO.,LTD. finds support from accumulated volume at JP¥3,940.00 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¥85.00 (2.19%) between high and low. For the last week, the stock has had daily average volatility of 2.39%.
Our recommended stop-loss: JP¥3,786.81 (-4.01%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (9075.T) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect FUKUYAMA TRANSPORTING CO.,LTD. to open at JP¥3,936.67, and during the day (based on 14 day Average True Range), to move between JP¥3,845.77 and JP¥4,044.23, which gives a possible trading interval of +/-JP¥99.23 (+/-2.52%) up or down from last closing price. If FUKUYAMA TRANSPORTING CO.,LTD. takes out the full calculated possible swing range there will be an estimated 5.03% 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¥3,940.00 (0.13%) than the resistance at JP¥3,970.00 (0.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is FUKUYAMA TRANSPORTING CO.,LTD. stock A Buy?
FUKUYAMA TRANSPORTING 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.212 Hold/Accumulate Downgraded
Predicted Opening Price for FUKUYAMA TRANSPORTING CO.,LTD. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| JP¥3,936.67 ( 0.211%) | JP¥3,945.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9075.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,021.67 | 1.94% |
| R2 | 3,989.20 | 1.12% |
| R1 | 3,969.14 | 0.612% |
| Price | 3,945.00 | |
| S1 | 3,904.20 | -1.03% |
| S2 | 3,884.14 | -1.54% |
| S3 | 3,851.67 | -2.37% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 4,060.00 | 2.92% |
| R1 | 3,970.00 | 0.634% |
| Price | 3,945.00 | |
| S1 | 3,940.00 | -0.127% |
| S2 | 3,825.00 | -3.04% |
| S3 | 3,765.00 | -4.56% |
9075 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 03, 2024 | JP¥5.00 | 0.129% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥35.00 | 0.90% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥35.00 | 1.00% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥35.00 | 1.06% |
FAQ
Click here for our free guide on how to buy FUKUYAMA TRANSPORTING CO.,LTD. Stock.
