MEIJI SHIPPING CO.,LTD. Stock Forecast
Green day on Friday for MEIJI SHIPPING CO.,LTD. stock after gaining 1.83%
(Updated on May 31, 2024)
The MEIJI SHIPPING CO.,LTD. stock price gained 1.83% on the last trading day (Friday, 31st May 2024), rising from JP¥711.00 to JP¥724.00. During the last trading day the stock fluctuated 1.82% from a day low at JP¥714.00 to a day high of JP¥727.00. The price has fallen in 6 of the last 10 days and is down by -3.47% for this period. Volume fell on the last day by -172 thousand shares and in total, 91 thousand shares were bought and sold for approximately JP¥65.67 million. 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 in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.16% during the next 3 months and, with a 90% probability hold a price between JP¥605.10 and JP¥701.16 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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9115.T Signals & Forecast
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 MEIJI SHIPPING 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¥736.43 and JP¥746.91. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -8.35%. 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).
Support, Risk & Stop-loss for MEIJI SHIPPING CO.,LTD. stock
MEIJI SHIPPING CO.,LTD. finds support from accumulated volume at JP¥716.00 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¥13.00 between high and low, or 1.82%. For the last week, the stock has had daily average volatility of 3.46%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (9115.T) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect MEIJI SHIPPING CO.,LTD. to open at JP¥721.67, and during the day (based on 14 day Average True Range), to move between JP¥699.16 and JP¥748.84, which gives a possible trading interval of +/-JP¥24.84 (+/-3.43%) up or down from last closing price. If MEIJI SHIPPING CO.,LTD. takes out the full calculated possible swing range there will be an estimated 6.86% 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¥727.00 (0.41%) than the support at JP¥716.00 (1.10%), 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 MEIJI SHIPPING CO.,LTD. stock A Buy?
MEIJI SHIPPING CO.,LTD. holds several negative signals and is within a wide and 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: -3.831 Sell Candidate Unchanged
Predicted Opening Price for MEIJI SHIPPING CO.,LTD. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| JP¥721.67 ( 0.322%) | JP¥724.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9115.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 734.67 | 1.47 % | |
| R2 | 729.70 | 0.787 % | ||
| R1 | 726.63 | 0.364 % | ||
| Current price: | 724.00 | |||
| Support | S1 | 716.70 | -1.01 % | |
| S2 | 713.63 | -1.43 % | ||
| S3 | 708.67 | -2.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 866.00 | 19.61 % | |
| R2 | 750.00 | 3.59 % | ||
| R1 | 727.00 | 0.414 % | ||
| Current price | 724.00 | |||
| Support | S1 | 716.00 | -1.10% | |
| S2 | 711.00 | -1.80% | ||
| S3 | 705.00 | -2.62% |
9115 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Jul 01, 2024 | JP¥5.00 | 0.691% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥5.00 | 0.787% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥5.00 | 0.589% |
| 4 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥2.00 | 0.394% |
| 5 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥5.00 | 1.44% |
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