FUJITA KANKO INC. Stock Forecast
Green day on Friday for FUJITA KANKO INC.
(Updated on Jun 21, 2024)
The FUJITA KANKO INC. stock price gained 1.69% on the last trading day (Friday, 21st Jun 2024), rising from JP¥8,900.00 to JP¥9,050.00. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 8.45% from a day low at JP¥8,520.00 to a day high of JP¥9,240.00. The price has risen in 7 of the last 10 days and is up by 45.97% over the past 2 weeks. Volume fell on the last day by -86 thousand shares and in total, 565 thousand shares were bought and sold for approximately JP¥5.12 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 stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is JP¥6,830.23, a level that may pose a second chance to hit a runner.
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9722.T Signals & Forecast
The FUJITA KANKO INC. 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¥7,365.71 and JP¥6,572.57. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 50.83%. 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.
Support, Risk & Stop-loss for FUJITA KANKO INC. stock
FUJITA KANKO INC. finds support from accumulated volume at JP¥8,900.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved JP¥720.00 between high and low, or 8.45%. For the last week, the stock has had daily average volatility of 9.84%.
The FUJITA KANKO INC. stock is extremely overbought on RSI14 (88). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: JP¥8,802.03 (-2.74%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 88 and this increases the risk substantially. There is a buy signal from a pivot bottom found 47 days ago.)
Trading Expectations (9722.T) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect FUJITA KANKO INC. to open at JP¥8,936.67, and during the day (based on 14 day Average True Range), to move between JP¥8,606.77 and JP¥9,493.23, which gives a possible trading interval of +/-JP¥443.23 (+/-4.90%) up or down from last closing price. If FUJITA KANKO INC. takes out the full calculated possible swing range there will be an estimated 9.80% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥8,900.00, some JP¥150.00 (1.66%) from the current price of JP¥9,050.00, our system finds the risk reward attractive.
Is FUJITA KANKO INC. stock A Buy?
FUJITA KANKO INC. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for FUJITA KANKO INC. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| JP¥8,936.67 ( 1.25%) | JP¥9,050.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9722.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9,656.67 | 6.70% |
| R2 | 9,381.63 | 3.66% |
| R1 | 9,211.71 | 1.79% |
| Price | 9,050.00 | |
| S1 | 8,661.63 | -4.29% |
| S2 | 8,491.71 | -6.17% |
| S3 | 8,216.67 | -9.21% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 9,050.00 | |
| S1 | 8,900.00 | -1.66% |
| S2 | 8,100.00 | -10.50% |
| S3 | 7,250.00 | -19.89% |
9722 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2024 | Dec 27, 2024 | Dec 27, 2024 | JP¥0 | 0% |
| 2 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | JP¥30.00 | 2.11% |
| 3 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | JP¥30.00 | 1.06% |
| 4 | Dec 26, 2018 | Dec 26, 2018 | Dec 26, 2018 | JP¥40.00 | 1.50% |
| 5 | Dec 27, 2017 | Dec 27, 2017 | Dec 27, 2017 | JP¥40.00 | 1.12% |
FAQ
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