ZENRIN CO.,LTD. Stock Forecast
ZENRIN CO.,LTD. stock price ended at JP¥809.00 on Thursday, after losing 0.98%.
(Updated on Apr 25, 2024)
The ZENRIN CO.,LTD. stock price fell by -0.98% on the last day (Thursday, 25th Apr 2024) from JP¥817.00 to JP¥809.00. During the last trading day the stock fluctuated 1.11% from a day low at JP¥809.00 to a day high of JP¥818.00. The price has fallen in 6 of the last 10 days and is down by -3.35% for this period. 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 -28 thousand shares and in total, 79 thousand shares were bought and sold for approximately JP¥63.67 million.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥804.02 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -5.02% during the next 3 months and, with a 90% probability hold a price between JP¥763.68 and JP¥816.49 at the end of this 3-month period.
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9474.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 0.248%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ZENRIN 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¥811.00 and JP¥839.26. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 ZENRIN CO.,LTD. stock
ZENRIN CO.,LTD. finds support from accumulated volume at JP¥808.00 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 1.11%. For the last week the stock has had daily average volatility of 1.49%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (9474.T) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect ZENRIN CO.,LTD. to open at JP¥812.00, and during the day (based on 14 day Average True Range), to move between JP¥797.81 and JP¥820.19, which gives a possible trading interval of +/-JP¥11.19 (+/-1.38%) up or down from last closing price. If ZENRIN CO.,LTD. takes out the full calculated possible swing range there will be an estimated 2.77% 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¥808.00 (0.12%) than the resistance at JP¥837.00 (3.46%), 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
ZENRIN CO.,LTD. will release earnings BMO on Friday, April 26, 2024. We will update the financials statements for ZENRIN CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.50% in the first trading day after earnings release.
Is ZENRIN CO.,LTD. stock A Buy?
ZENRIN CO.,LTD. holds several negative signals and is within a 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: -1.737 Sell Candidate Unchanged
Predicted Opening Price for ZENRIN CO.,LTD. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| JP¥812.00 ( 0.371%) | JP¥809.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9474.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 821.00 | 1.48 % | |
| R2 | 817.56 | 1.06 % | ||
| R1 | 815.44 | 0.796 % | ||
| Current price: | 809.00 | |||
| Support | S1 | 808.56 | -0.0541 % | |
| S2 | 806.44 | -0.317 % | ||
| S3 | 803.00 | -0.742 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 851.00 | 5.19 % | |
| R2 | 840.00 | 3.83 % | ||
| R1 | 837.00 | 3.46 % | ||
| Current price | 809.00 | |||
| Support | S1 | 808.00 | -0.124% | |
| S2 | 807.00 | -0.247% | ||
| S3 | 0 | . |
9474 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¥13.50 | 1.47% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥13.50 | 1.64% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥13.50 | 1.48% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥13.50 | 1.33% |
FAQ
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