CENTRAL SECURITY PATROLS CO.,LTD. Stock Forecast
Weaker technical forecast for CENTRAL SECURITY PATROLS CO.,LTD. as stock downgraded to Hold/Accumulate.
(Updated on May 15, 2024)
The CENTRAL SECURITY PATROLS CO.,LTD. stock price fell by -0.463% on the last day (Wednesday, 15th May 2024) from JP¥2,805.00 to JP¥2,792.00. During the last trading day the stock fluctuated 1.08% from a day low at JP¥2,783.00 to a day high of JP¥2,813.00. The price has risen in 6 of the last 10 days and is up by 2.91% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 thousand shares and in total, 11 thousand shares were bought and sold for approximately JP¥30.15 million.
The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at JP¥2,808.40 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 7.56% during the next 3 months and, with a 90% probability hold a price between JP¥2,856.98 and JP¥3,020.63 at the end of this 3-month period.
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9740.T Signals & Forecast
The CENTRAL SECURITY PATROLS 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¥2,747.86 and JP¥2,672.37. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -0.463%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for CENTRAL SECURITY PATROLS CO.,LTD. stock
CENTRAL SECURITY PATROLS CO.,LTD. finds support from accumulated volume at JP¥2,776.00 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¥30.00 between high and low, or 1.08%. For the last week the stock has had daily average volatility of 1.37%.
Our recommended stop-loss: JP¥2,683.22 (-3.90%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (9740.T) For The Upcoming Trading Day Of Thursday 16th
For the upcoming trading day on Thursday, 16th we expect CENTRAL SECURITY PATROLS CO.,LTD. to open at JP¥2,796.00, and during the day (based on 14 day Average True Range), to move between JP¥2,743.99 and JP¥2,840.01, which gives a possible trading interval of +/-JP¥48.01 (+/-1.72%) up or down from last closing price. If CENTRAL SECURITY PATROLS CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at JP¥2,805.00 (0.47%) than the support at JP¥2,776.00 (0.57%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is CENTRAL SECURITY PATROLS CO.,LTD. stock A Buy?
CENTRAL SECURITY PATROLS CO.,LTD. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.
Current score: 0.542 Hold/Accumulate Downgraded
Predicted Opening Price for CENTRAL SECURITY PATROLS CO.,LTD. of Thursday, May 16, 2024
| Fair opening price May 16, 2024 | Current price |
|---|---|
| JP¥2,796.00 ( 0.143%) | JP¥2,792.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9740.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,826.00 | 1.22 % | |
| R2 | 2,814.54 | 0.81 % | ||
| R1 | 2,807.46 | 0.554 % | ||
| Current price: | 2,792.00 | |||
| Support | S1 | 2,784.54 | -0.267 % | |
| S2 | 2,777.46 | -0.521 % | ||
| S3 | 2,766.00 | -0.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 2,805.00 | 0.466 % | ||
| Current price | 2,792.00 | |||
| Support | S1 | 2,776.00 | -0.573% | |
| S2 | 2,666.00 | -4.51% | ||
| S3 | 2,592.00 | -7.16% |
9740 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2024 | Aug 29, 2024 | Aug 29, 2024 | JP¥0 | 0% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | JP¥0 | 0% |
| 3 | Aug 30, 2023 | Aug 30, 2023 | Aug 30, 2023 | JP¥5.00 | 0.168% |
| 4 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | JP¥25.00 | 1.01% |
| 5 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | JP¥25.00 | 1.01% |
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