S LINE CO.,LTD. Stock Forecast
Stronger technical forecast for S LINE CO.,LTD. stock price after Thursday trading.
(Updated on May 02, 2024)
The S LINE CO.,LTD. stock price fell by -0.114% on the last day (Thursday, 2nd May 2024) from JP¥877.00 to JP¥876.00. During the last trading day the stock fluctuated 1.04% from a day low at JP¥868.00 to a day high of JP¥877.00. The price has been going up and down for this period, and there has been a 1.04% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -300 shares and in total, 2 thousand shares were bought and sold for approximately JP¥1.75 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect S LINE CO.,LTD. stock with a 90% probability to be traded between JP¥854.86 and JP¥932.30 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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9078.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 2.34%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The S LINE 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¥885.74. On a fall, the stock will find some support from the short-term average at JP¥870.71. 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. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Monday, March 04, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, March 04, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for S LINE CO.,LTD. stock
S LINE CO.,LTD. finds support from accumulated volume at JP¥873.00 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¥9.00 between high and low, or 1.04%. For the last week the stock has had daily average volatility of 1.11%.
Our recommended stop-loss: JP¥831.27 (-5.11%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (9078.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect S LINE CO.,LTD. to open at JP¥873.67, and during the day (based on 14 day Average True Range), to move between JP¥863.69 and JP¥888.31, which gives a possible trading interval of +/-JP¥12.31 (+/-1.40%) up or down from last closing price. If S LINE CO.,LTD. takes out the full calculated possible swing range there will be an estimated 2.81% 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¥873.00 (0.34%) than the resistance at JP¥881.00 (0.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is S LINE CO.,LTD. stock A Buy?
S LINE 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: 0.365 Hold/Accumulate Upgraded
Predicted Opening Price for S LINE CO.,LTD. of Tuesday, May 7, 2024
Fair opening price May 7, 2024 | Current price |
---|---|
JP¥873.67 ( 0.266%) | JP¥876.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9078.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 882.67 | 0.761 % | |
R2 | 879.23 | 0.369 % | ||
R1 | 877.10 | 0.126 % | ||
Current price: | 876.00 | |||
Support | S1 | 870.23 | -0.659 % | |
S2 | 868.10 | -0.90 % | ||
S3 | 864.67 | -1.29 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 929.00 | 6.05 % | |
R2 | 913.00 | 4.22 % | ||
R1 | 881.00 | 0.571 % | ||
Current price | 876.00 | |||
Support | S1 | 873.00 | -0.342% | |
S2 | 868.00 | -0.91% | ||
S3 | 867.00 | -1.03% |
9078 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
2 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥8.00 | 0.89% |
3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥14.00 | 1.68% |
4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥8.00 | 1.03% |
5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥14.00 | 1.52% |
FAQ
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