Mitsui O.S.K.Lines,Ltd. Stock Forecast
Mitsui O.S.K.Lines,Ltd. stock upgraded to Buy Candidate.
(Updated on Jul 02, 2024)
The Mitsui O.S.K.Lines,Ltd. stock price gained 2.34% on the last trading day (Tuesday, 2nd Jul 2024), rising from JP¥4,963.00 to JP¥5,079.00. It has now gained 3 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 3.67% from a day low at JP¥4,908.00 to a day high of JP¥5,088.00. The price has risen in 6 of the last 10 days and is up by 3.87% 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, 537 thousand more shares were traded than the day before. In total, 6 million shares were bought and sold for approximately JP¥31.27 billion.
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 8.89% during the next 3 months and, with a 90% probability hold a price between JP¥5,201.12 and JP¥5,924.00 at the end of this 3-month period.
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9104.T Signals & Forecast
Mostly positive signals in the chart today. The Mitsui O.S.K.Lines,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¥4,873.71 and JP¥5,000.83. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 7.65%. 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 Mitsui O.S.K.Lines,Ltd. stock
Mitsui O.S.K.Lines,Ltd. finds support from accumulated volume at JP¥4,990.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved JP¥180.00 between high and low, or 3.67%. For the last week, the stock has had daily average volatility of 1.98%.
Our recommended stop-loss: JP¥4,822.26 (-5.05%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (9104.T) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Mitsui O.S.K.Lines,Ltd. to open at JP¥5,025.00, and during the day (based on 14 day Average True Range), to move between JP¥4,955.96 and JP¥5,202.04, which gives a possible trading interval of +/-JP¥123.04 (+/-2.42%) up or down from last closing price. If Mitsui O.S.K.Lines,Ltd. takes out the full calculated possible swing range there will be an estimated 4.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at JP¥5,110.00 (0.61%) than the support at JP¥4,990.00 (1.75%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Mitsui O.S.K.Lines,Ltd. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Mitsui O.S.K.Lines,Ltd. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.928 Buy Candidate Upgraded
Predicted Opening Price for Mitsui O.S.K.Lines,Ltd. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| JP¥5,025.00 ( 1.06%) | JP¥5,079.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9104.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5,205.00 | 2.48% |
| R2 | 5,136.24 | 1.13% |
| R1 | 5,093.76 | 0.291% |
| Price | 5,079.00 | |
| S1 | 4,956.24 | -2.42% |
| S2 | 4,913.76 | -3.25% |
| S3 | 4,845.00 | -4.61% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5,184.00 | 2.07% |
| R2 | 5,116.00 | 0.728% |
| R1 | 5,110.00 | 0.610% |
| Price | 5,079.00 | |
| S1 | 4,990.00 | -1.75% |
| S2 | 4,778.00 | -5.93% |
| S3 | 4,729.00 | -6.89% |
9104 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¥110.00 | 2.29% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥110.00 | 2.53% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥260.00 | 7.51% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥300.00 | 11.31% |
FAQ
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