SANKYO FRONTIER CO.,LTD. Stock Forecast
Stronger technical forecast for SANKYO FRONTIER CO.,LTD. stock price after Tuesday trading.
(Updated on Jul 02, 2024)
The SANKYO FRONTIER CO.,LTD. stock price gained 0.238% on the last trading day (Tuesday, 2nd Jul 2024), rising from JP¥4,200.00 to JP¥4,210.00. During the last trading day the stock fluctuated 0.238% from a day low at JP¥4,200.00 to a day high of JP¥4,210.00. The price has risen in 5 of the last 10 days and is up by 0.6% over the past 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 2 thousand shares were bought and sold for approximately JP¥6.74 million. 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 is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect SANKYO FRONTIER CO.,LTD. stock with a 90% probability to be traded between JP¥4,079.78 and JP¥4,192.30 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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9639.T Signals & Forecast
The SANKYO FRONTIER CO.,LTD. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥4,213.57. On a fall, the stock will find some support from the long-term average at approximately JP¥4,195.86. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Wednesday, June 26, 2024, and so far it has fallen -0.82%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A sell signal from a double top formation was found on Wednesday, June 26, 2024 and based on theory for this formation the price should fall by -2.41% to JP¥4,108.33 within 12 trading days since signal was issued (Friday, July 12, 2024).
Support, Risk & Stop-loss for SANKYO FRONTIER CO.,LTD. stock
SANKYO FRONTIER CO.,LTD. finds support from accumulated volume at JP¥4,200.00 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¥10.00 between high and low, or 0.238%. For the last week the stock has had daily average volatility of 0.594%.
Our recommended stop-loss: JP¥4,055.56 (-3.67%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (9639.T) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect SANKYO FRONTIER CO.,LTD. to open at JP¥4,206.67, and during the day (based on 14 day Average True Range), to move between JP¥4,178.35 and JP¥4,241.65, which gives a possible trading interval of +/-JP¥31.65 (+/-0.75%) up or down from last closing price. If SANKYO FRONTIER CO.,LTD. takes out the full calculated possible swing range there will be an estimated 1.50% 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¥4,220.00 (0.24%) than the support at JP¥4,200.00 (0.24%), 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 SANKYO FRONTIER CO.,LTD. stock A Buy?
SANKYO FRONTIER CO.,LTD. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.486 Hold/Accumulate Upgraded
Predicted Opening Price for SANKYO FRONTIER CO.,LTD. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| JP¥4,206.67 ( 0.0792%) | JP¥4,210.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9639.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,216.67 | 0.158% |
| R2 | 4,212.85 | 0.0676% |
| R1 | 4,210.49 | 0.0116% |
| Price | 4,210.00 | |
| S1 | 4,202.85 | -0.170% |
| S2 | 4,200.49 | -0.226% |
| S3 | 4,196.67 | -0.317% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,250.00 | 0.95% |
| R2 | 4,230.00 | 0.475% |
| R1 | 4,220.00 | 0.238% |
| Price | 4,210.00 | |
| S1 | 4,200.00 | -0.238% |
| S2 | 4,190.00 | -0.475% |
| S3 | 4,150.00 | -1.43% |
9639 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 26, 2024 | JP¥80.00 | 1.88% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥80.00 | 1.90% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥80.00 | 2.23% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥75.00 | 2.04% |
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