SECOM CO.,LTD. Stock Forecast
Weaker technical forecast for SECOM CO.,LTD. as stock downgraded to Sell Candidate.
(Updated on May 15, 2024)
The SECOM CO.,LTD. stock price gained 0.0496% on the last trading day (Wednesday, 15th May 2024), rising from JP¥10,090.00 to JP¥10,095.00. During the last trading day the stock fluctuated 1.94% from a day low at JP¥10,065.00 to a day high of JP¥10,260.00. The price has risen in 5 of the last 10 days but is still down by -7.72% for this period. Volume fell on the last day by -102 thousand shares and in total, 598 thousand shares were bought and sold for approximately JP¥6.04 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 stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥9,861.71 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -5.86% during the next 3 months and, with a 90% probability hold a price between JP¥9,283.97 and JP¥10,656.75 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
9735.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has risen 2.11%. Further rise is indicated until a new top pivot has been found. 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. The SECOM 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¥10,382.29 and JP¥10,784.17. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for SECOM CO.,LTD. stock
SECOM CO.,LTD. finds support from accumulated volume at JP¥10,090.00 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¥195.00 between high and low, or 1.94%. For the last week, the stock has had daily average volatility of 2.36%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (9735.T) For The Upcoming Trading Day Of Thursday 16th
For the upcoming trading day on Thursday, 16th we expect SECOM CO.,LTD. to open at JP¥10,140.00, and during the day (based on 14 day Average True Range), to move between JP¥9,842.13 and JP¥10,347.87, which gives a possible trading interval of +/-JP¥252.87 (+/-2.50%) up or down from last closing price. If SECOM CO.,LTD. takes out the full calculated possible swing range there will be an estimated 5.01% 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¥10,090.00 (0.05%) than the resistance at JP¥10,715.00 (6.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SECOM CO.,LTD. stock A Buy?
SECOM CO.,LTD. holds several negative signals and is within a wide 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.348 Sell Candidate Downgraded
Predicted Opening Price for SECOM CO.,LTD. of Thursday, May 16, 2024
| Fair opening price May 16, 2024 | Current price |
|---|---|
| JP¥10,140.00 ( 0.446%) | JP¥10,095.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9735.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10,335.00 | 2.38 % | |
| R2 | 10,260.51 | 1.64 % | ||
| R1 | 10,214.49 | 1.18 % | ||
| Current price: | 10,095.00 | |||
| Support | S1 | 10,065.51 | -0.292 % | |
| S2 | 10,019.49 | -0.748 % | ||
| S3 | 9,945.00 | -1.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10,960.00 | 8.57 % | |
| R2 | 10,800.00 | 6.98 % | ||
| R1 | 10,715.00 | 6.14 % | ||
| Current price | 10,095.00 | |||
| Support | S1 | 10,090.00 | -0.0495% | |
| S2 | 9,886.00 | -2.07% | ||
| S3 | 0 | . |
9735 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 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥95.00 | 0.93% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥95.00 | 1.17% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥90.00 | 1.09% |
FAQ
Click here for our free guide on how to buy SECOM CO.,LTD. Stock.
