Chubu Electric Power Co,Incorporated Stock Forecast
Chubu Electric Power Co,Incorporated stock price ended at JP¥1,990.00 on Friday, after gaining 0.709%.
(Updated on May 10, 2024)
The Chubu Electric Power Co,Incorporated stock price gained 0.709% on the last trading day (Friday, 10th May 2024), rising from JP¥1,976.00 to JP¥1,990.00. During the last trading day the stock fluctuated 1.16% from a day low at JP¥1,978.00 to a day high of JP¥2,001.00. The price has fallen in 6 of the last 10 days and is down by -1.14% for this period. Volume fell on the last day by -108 thousand shares and in total, 1 million shares were bought and sold for approximately JP¥2.92 billion. 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 lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥1,967.21 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 7.40% during the next 3 months and, with a 90% probability hold a price between JP¥2,112.72 and JP¥2,274.93 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 Wednesday, April 17, 2024, and so far it has risen 3.00%. 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 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 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. On corrections up, there will be some resistance from the lines at JP¥1,998.00 and JP¥1,990.43. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Chubu Electric Power Co,Incorporated stock
Chubu Electric Power Co,Incorporated finds support from accumulated volume at JP¥1,981.50 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¥23.00 between high and low, or 1.16%. For the last week the stock has had daily average volatility of 1.65%.
Our recommended stop-loss: JP¥1,890.50 (-5.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (9502.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Chubu Electric Power Company,Incorporated to open at JP¥1,989.67, and during the day (based on 14 day Average True Range), to move between JP¥1,936.33 and JP¥2,043.67, which gives a possible trading interval of +/-JP¥53.67 (+/-2.70%) 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 5.39% 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¥1,981.50 (0.43%) than the resistance at JP¥2,025.00 (1.76%), 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 this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.826 Hold/Accumulate Unchanged
Predicted Opening Price for Chubu Electric Power Company,Incorporated of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥1,989.67 ( 0.0168%) | JP¥1,990.00 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 2,012.67 | 1.14 % | |
| R2 | 2,003.88 | 0.698 % | ||
| R1 | 1,998.45 | 0.425 % | ||
| Current price: | 1,990.00 | |||
| Support | S1 | 1,980.88 | -0.458 % | |
| S2 | 1,975.45 | -0.731 % | ||
| S3 | 1,966.67 | -1.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,029.50 | 1.98 % | |
| R2 | 2,027.00 | 1.86 % | ||
| R1 | 2,025.00 | 1.76 % | ||
| Current price | 1,990.00 | |||
| Support | S1 | 1,981.50 | -0.427% | |
| S2 | 1,895.00 | -4.77% | ||
| S3 | 1,880.50 | -5.50% |
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 | Mar 28, 2024 | JP¥0 | 0% |
| 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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