JASTEC Co.,Ltd. Stock Forecast
JASTEC Co.,Ltd. stock upgraded from Buy Candidate to Strong Buy Candidate after Thursday trading session.
(Updated on May 09, 2024)
The JASTEC Co.,Ltd. stock price gained 0.103% on the last trading day (Thursday, 9th May 2024), rising from JP¥1,939.00 to JP¥1,941.00. During the last trading day the stock fluctuated 0.155% from a day low at JP¥1,939.00 to a day high of JP¥1,942.00. The price has been going up and down for this period, and there has been a 0.21% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 174 thousand more shares were traded than the day before. In total, 359 thousand shares were bought and sold for approximately JP¥695.85 million.
The stock lies in the middle of a wide and strong 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 61.43% during the next 3 months and, with a 90% probability hold a price between JP¥2,736.51 and JP¥3,284.22 at the end of this 3-month period.
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9717.T Signals & Forecast
The JASTEC Co.,Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥1,938.43 and JP¥1,735.69. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 37.66%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for JASTEC Co.,Ltd. stock
JASTEC Co.,Ltd. finds support from accumulated volume at JP¥1,939.00 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¥3.00 between high and low, or 0.155%. For the last week, the stock has had daily average volatility of 0.0826%.
Our recommended stop-loss: JP¥1,850.03 (-4.69%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (9717.T) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect JASTEC Co.,Ltd. to open at JP¥1,940.67, and during the day (based on 14 day Average True Range), to move between JP¥1,925.29 and JP¥1,956.71, which gives a possible trading interval of +/-JP¥15.71 (+/-0.81%) up or down from last closing price. If JASTEC Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 1.62% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥1,939.00, some JP¥2.00 (0.10%) from the current price of JP¥1,941.00, our system finds the risk reward attractive.
Is JASTEC Co.,Ltd. stock A Buy?
JASTEC Co.,Ltd. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.644 Strong Buy Candidate Upgraded
Predicted Opening Price for JASTEC Co.,Ltd. of Friday, May 10, 2024
Fair opening price May 10, 2024 | Current price |
---|---|
JP¥1,940.67 ( 0.0172%) | JP¥1,941.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9717.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1,943.67 | 0.137 % | |
R2 | 1,942.52 | 0.0783 % | ||
R1 | 1,941.81 | 0.0419 % | ||
Current price: | 1,941.00 | |||
Support | S1 | 1,939.52 | -0.0762 % | |
S2 | 1,938.81 | -0.113 % | ||
S3 | 1,937.67 | -0.172 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 1,941.00 | |||
Support | S1 | 1,939.00 | -0.103% | |
S2 | 1,937.00 | -0.206% | ||
S3 | 1,936.00 | -0.258% |
9717 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 28, 2024 | Nov 28, 2024 | Nov 28, 2024 | JP¥0 | 0% |
2 | Nov 29, 2023 | Nov 29, 2023 | Nov 29, 2023 | JP¥0 | 0% |
3 | Nov 29, 2022 | Nov 29, 2022 | Nov 29, 2022 | JP¥50.00 | 4.23% |
4 | Nov 29, 2021 | Nov 29, 2021 | Nov 29, 2021 | JP¥50.00 | 4.81% |
5 | Nov 27, 2020 | Nov 27, 2020 | Nov 27, 2020 | JP¥50.00 | 3.53% |
FAQ
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