The Okinawa Electric Power Stock Forecast
The Okinawa Electric Power stock price ended at JP¥1,143.00 on Monday, after gaining 2.42%.
(Updated on May 20, 2024)
The The Okinawa Electric Power stock price gained 2.42% on the last trading day (Monday, 20th May 2024), rising from JP¥1,116.00 to JP¥1,143.00. During the last trading day the stock fluctuated 2.32% from a day low at JP¥1,119.00 to a day high of JP¥1,145.00. The price has risen in 6 of the last 10 days and is up by 2.79% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 73 thousand more shares were traded than the day before. In total, 250 thousand shares were bought and sold for approximately JP¥285.86 million.
The stock lies in the middle of a 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 3.44% during the next 3 months and, with a 90% probability hold a price between JP¥1,136.73 and JP¥1,328.64 at the end of this 3-month period.
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9511.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 08, 2024, and so far it has risen 4.57%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The The Okinawa Electric Power stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥1,171.17. On a fall, the stock will find some support from the short-term average at JP¥1,111.00. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for The Okinawa Electric Power stock
The Okinawa Electric Power finds support from accumulated volume at JP¥1,115.00 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¥26.00 between high and low, or 2.32%. For the last week, the stock has had daily average volatility of 1.92%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (9511.T) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect The Okinawa Electric Power Company,Incorporated to open at JP¥1,135.67, and during the day (based on 14 day Average True Range), to move between JP¥1,115.33 and JP¥1,170.67, which gives a possible trading interval of +/-JP¥27.67 (+/-2.42%) up or down from last closing price. If The Okinawa Electric Power Company,Incorporated takes out the full calculated possible swing range there will be an estimated 4.84% 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¥1,146.00 (0.26%) than the support at JP¥1,115.00 (2.45%), 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 The Okinawa Electric Power Company,Incorporated stock A Buy?
The Okinawa Electric Power holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.564 Sell Candidate Unchanged
Predicted Opening Price for The Okinawa Electric Power Company,Incorporated of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| JP¥1,135.67 ( 0.642%) | JP¥1,143.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9511.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,161.67 | 1.63 % | |
| R2 | 1,151.73 | 0.764 % | ||
| R1 | 1,145.60 | 0.227 % | ||
| Current price: | 1,143.00 | |||
| Support | S1 | 1,125.73 | -1.51 % | |
| S2 | 1,119.60 | -2.05 % | ||
| S3 | 1,109.67 | -2.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,262.00 | 10.41 % | |
| R2 | 1,261.00 | 10.32 % | ||
| R1 | 1,146.00 | 0.262 % | ||
| Current price | 1,143.00 | |||
| Support | S1 | 1,115.00 | -2.45% | |
| S2 | 1,105.00 | -3.32% | ||
| S3 | 1,080.00 | -5.51% |
9511 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¥5.00 | 0.433% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥30.00 | 2.14% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥30.00 | 2.06% |
FAQ
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