FUJITA KANKO INC. Stock Forecast
FUJITA KANKO INC. stock upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Apr 24, 2024)
The FUJITA KANKO INC. stock price fell by -1.03% on the last day (Wednesday, 24th Apr 2024) from JP¥6,800.00 to JP¥6,730.00. During the last trading day the stock fluctuated 3.43% from a day low at JP¥6,700.00 to a day high of JP¥6,930.00. The price has fallen in 5 of the last 10 days and is down by -10.39% for this period. Volume has increased on the last day by 7 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, 97 thousand shares were bought and sold for approximately JP¥650.12 million.
The stock lies in the middle of a very 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 13.64% during the next 3 months and, with a 90% probability hold a price between JP¥7,179.15 and JP¥9,132.49 at the end of this 3-month period.
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9722.T Signals & Forecast
There are few to no technical positive signals at the moment. The FUJITA KANKO INC. 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¥6,871.43 and JP¥7,058.00. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -14.92%. 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). 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 FUJITA KANKO INC. stock
FUJITA KANKO INC. finds support from accumulated volume at JP¥6,700.00 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¥230.00 between high and low, or 3.43%. For the last week, the stock has had daily average volatility of 4.38%.
Our recommended stop-loss: JP¥6,373.31 (-5.30%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (9722.T) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect FUJITA KANKO INC. to open at JP¥6,786.67, and during the day (based on 14 day Average True Range), to move between JP¥6,422.27 and JP¥7,037.73, which gives a possible trading interval of +/-JP¥307.73 (+/-4.57%) up or down from last closing price. If FUJITA KANKO INC. takes out the full calculated possible swing range there will be an estimated 9.14% 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¥6,700.00 (0.45%) than the resistance at JP¥6,800.00 (1.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is FUJITA KANKO INC. stock A Buy?
FUJITA KANKO INC. 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: -0.897 Hold/Accumulate Upgraded
Predicted Opening Price for FUJITA KANKO INC. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| JP¥6,786.67 ( 0.84%) | JP¥6,730.00 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 7,016.67 | 4.26 % | |
| R2 | 6,928.81 | 2.95 % | ||
| R1 | 6,874.53 | 2.15 % | ||
| Current price: | 6,730.00 | |||
| Support | S1 | 6,698.81 | -0.463 % | |
| S2 | 6,644.53 | -1.27 % | ||
| S3 | 6,556.67 | -2.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7,260.00 | 7.88 % | |
| R2 | 7,100.00 | 5.50 % | ||
| R1 | 6,800.00 | 1.04 % | ||
| Current price | 6,730.00 | |||
| Support | S1 | 6,700.00 | -0.446% | |
| S2 | 5,940.00 | -11.74% | ||
| S3 | 5,780.00 | -14.12% |
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% |
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