Chubu Electric Power Co,Incorporated Stock Forecast
Chubu Electric Power Co,Incorporated stock downgraded from Hold/Accumulate to Sell Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The Chubu Electric Power Co,Incorporated stock price fell by -0.132% on the last day (Tuesday, 2nd Jul 2024) from JP¥1,893.00 to JP¥1,890.50. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.14% from a day low at JP¥1,880.00 to a day high of JP¥1,901.50. The price has fallen in 6 of the last 10 days but is still up by 0.45% over the past 2 weeks. Volume has increased on the last day by 394 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately JP¥4.16 billion.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥1,858.93 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.79% during the next 3 months and, with a 90% probability hold a price between JP¥1,807.01 and JP¥2,084.39 at the end of this 3-month period.
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9502.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 1.31%. 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 Chubu Electric Power Co,Incorporated 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¥1,898.79 and JP¥1,983.80. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Chubu Electric Power Co,Incorporated stock
Chubu Electric Power Co,Incorporated finds support from accumulated volume at JP¥1,887.50 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¥21.50 between high and low, or 1.14%. 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 (9502.T) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Chubu Electric Power Company,Incorporated to open at JP¥1,890.67, and during the day (based on 14 day Average True Range), to move between JP¥1,847.25 and JP¥1,933.75, which gives a possible trading interval of +/-JP¥43.25 (+/-2.29%) up or down from last closing price. If Chubu Electric Power Company,Incorporated takes out the full calculated possible swing range there will be an estimated 4.58% 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¥1,887.50 (0.16%) than the resistance at JP¥1,981.50 (4.81%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Chubu Electric Power Company,Incorporated stock A Buy?
Chubu Electric Power Co,Incorporated 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.587 Sell Candidate Downgraded
Predicted Opening Price for Chubu Electric Power Company,Incorporated of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| JP¥1,890.67 ( 0.0088%) | JP¥1,890.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9502.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,912.17 | 1.15% |
| R2 | 1,903.95 | 0.712% |
| R1 | 1,898.88 | 0.443% |
| Price | 1,890.50 | |
| S1 | 1,882.45 | -0.426% |
| S2 | 1,877.38 | -0.694% |
| S3 | 1,869.17 | -1.13% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,166.50 | 14.60% |
| R2 | 2,153.00 | 13.89% |
| R1 | 1,981.50 | 4.81% |
| Price | 1,890.50 | |
| S1 | 1,887.50 | -0.159% |
| S2 | 1,882.00 | -0.450% |
| S3 | 1,866.00 | -1.30% |
9502 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 27, 2024 | JP¥30.00 | 1.58% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥25.00 | 1.24% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥25.00 | 1.79% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥25.00 | 1.89% |
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