MTI Ltd. Stock Forecast
MTI Ltd. stock price ended at JP¥739.00 on Thursday, after losing 0.135%.
(Updated on May 02, 2024)
The MTI Ltd. stock price fell by -0.135% on the last day (Thursday, 2nd May 2024) from JP¥740.00 to JP¥739.00. During the last trading day the stock fluctuated 1.23% from a day low at JP¥734.00 to a day high of JP¥743.00. The price has been going up and down for this period, and there has been a 2.64% 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 -10 thousand shares and in total, 9 thousand shares were bought and sold for approximately JP¥6.28 million.
The stock lies in the middle of a very 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 2.65% during the next 3 months and, with a 90% probability hold a price between JP¥633.79 and JP¥828.29 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.
9438.T Signals & Forecast
The MTI 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¥728.14 and JP¥733.40. 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). 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, March 18, 2024, and so far it has fallen -7.16%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for MTI Ltd. stock
MTI Ltd. finds support from accumulated volume at JP¥734.00 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¥9.00 (1.23%) between high and low. For the last week, the stock has had daily average volatility of 2.74%.
Our recommended stop-loss: JP¥698.09 (-5.54%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 31 days ago.)
Trading Expectations (9438.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect MTI Ltd. to open at JP¥738.67, and during the day (based on 14 day Average True Range), to move between JP¥718.05 and JP¥759.95, which gives a possible trading interval of +/-JP¥20.95 (+/-2.83%) up or down from last closing price. If MTI Ltd. takes out the full calculated possible swing range there will be an estimated 5.67% 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¥734.00 (0.68%) than the resistance at JP¥747.00 (1.08%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
MTI Ltd. will release earnings BMO on Thursday, May 09, 2024. We will update the financials statements for MTI Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.03% in the first trading day after earnings release.
Is MTI Ltd. stock A Buy?
MTI 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.
Current score: 0.733 Hold/Accumulate Unchanged
Predicted Opening Price for MTI Ltd. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥738.67 ( 0.0451%) | JP¥739.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9438.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 747.67 | 1.17 % | |
| R2 | 744.23 | 0.708 % | ||
| R1 | 742.10 | 0.420 % | ||
| Current price: | 739.00 | |||
| Support | S1 | 735.23 | -0.510 % | |
| S2 | 733.10 | -0.798 % | ||
| S3 | 729.67 | -1.26 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 761.00 | 2.98 % | |
| R2 | 755.00 | 2.17 % | ||
| R1 | 747.00 | 1.08 % | ||
| Current price | 739.00 | |||
| Support | S1 | 734.00 | -0.677% | |
| S2 | 703.00 | -4.87% | ||
| S3 | 655.00 | -11.37% |
9438 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 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥8.00 | 1.34% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥8.00 | 1.38% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥8.00 | 1.58% |
FAQ
Click here for our free guide on how to buy MTI Ltd. Stock.
