Joban Kosan Co.,Ltd. Stock Forecast
Red day on Thursday for Joban Kosan Co.,Ltd.
(Updated on May 16, 2024)
The Joban Kosan Co.,Ltd. stock price fell by -0.332% on the last day (Thursday, 16th May 2024) from JP¥1,205.00 to JP¥1,201.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 0.417% from a day low at JP¥1,200.00 to a day high of JP¥1,205.00. The price has fallen in 6 of the last 10 days and is down by -0.74% for this period. Volume has increased on the last day by 1 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, 9 thousand shares were bought and sold for approximately JP¥10.21 million.
The stock lies in the middle of a narrow and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.85% during the next 3 months and, with a 90% probability hold a price between JP¥1,124.67 and JP¥1,169.68 at the end of this 3-month period. 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
9675.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 0.502%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Joban Kosan 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¥1,205.86 and JP¥1,212.26. A break-up above any of these levels will issue buy signals. 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 Joban Kosan Co.,Ltd. stock
Joban Kosan Co.,Ltd. finds support from accumulated volume at JP¥1,200.00 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¥5.00 between high and low, or 0.417%. For the last week the stock has had daily average volatility of 0.482%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (9675.T) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Joban Kosan Co.,Ltd. to open at JP¥1,202.00, and during the day (based on 14 day Average True Range), to move between JP¥1,192.47 and JP¥1,209.53, which gives a possible trading interval of +/-JP¥8.53 (+/-0.71%) up or down from last closing price. If Joban Kosan Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 1.42% 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¥1,200.00 (0.08%) than the resistance at JP¥1,218.00 (1.42%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Joban Kosan Co.,Ltd. stock A Buy?
Joban Kosan Co.,Ltd. holds several negative signals and is within a narrow 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.
Current score: -1.083 Sell Candidate Unchanged
Predicted Opening Price for Joban Kosan Co.,Ltd. of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| JP¥1,202.00 ( 0.0833%) | JP¥1,201.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9675.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,207.00 | 0.500 % | |
| R2 | 1,205.09 | 0.341 % | ||
| R1 | 1,203.91 | 0.242 % | ||
| Current price: | 1,201.00 | |||
| Support | S1 | 1,200.09 | -0.0758 % | |
| S2 | 1,198.91 | -0.174 % | ||
| S3 | 1,197.00 | -0.333 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,265.00 | 5.33 % | |
| R2 | 1,250.00 | 4.08 % | ||
| R1 | 1,218.00 | 1.42 % | ||
| Current price | 1,201.00 | |||
| Support | S1 | 1,200.00 | -0.0833% | |
| S2 | 1,199.00 | -0.167% | ||
| S3 | 1,196.00 | -0.416% |
9675 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥20.00 | 1.43% |
| 2 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥20.00 | 1.21% |
| 3 | Mar 28, 2018 | Mar 28, 2018 | Mar 28, 2018 | JP¥20.00 | 1.05% |
| 4 | Mar 29, 2017 | Mar 29, 2017 | Mar 29, 2017 | JP¥20.00 | 1.22% |
| 5 | Mar 29, 2016 | Mar 29, 2016 | Mar 29, 2016 | JP¥20.00 | 1.32% |
FAQ
Click here for our free guide on how to buy Joban Kosan Co.,Ltd. Stock.
