STEP CO.,LTD. Stock Forecast
Green day on Wednesday for STEP CO.,LTD. stock after gaining 0.512%
(Updated on Jul 03, 2024)
The STEP CO.,LTD. stock price gained 0.512% on the last trading day (Wednesday, 3rd Jul 2024), rising from JP¥1,952.00 to JP¥1,962.00. 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 0.716% from a day low at JP¥1,955.00 to a day high of JP¥1,969.00. The price has risen in 8 of the last 10 days and is up by 3.37% over the past 2 weeks. Volume fell on the last day by -6 thousand shares and in total, 15 thousand shares were bought and sold for approximately JP¥29.82 million. 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 narrow 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¥1,940.79, a level that may pose a second chance to hit a runner. According to fan-theory JP¥2,025.09 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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9795.T Signals & Forecast
Mostly positive signals in the chart today. The STEP 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¥1,933.14 and JP¥1,922.20. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 3.75%. 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 STEP CO.,LTD. stock
STEP CO.,LTD. finds support from accumulated volume at JP¥1,940.00 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¥14.00 between high and low, or 0.716%. For the last week the stock has had daily average volatility of 0.767%.
The STEP CO.,LTD. stock is extremely overbought on RSI14 (79). 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¥1,900.83 (-3.12%) (This stock has low daily movements and this gives low risk. The RSI14 is 79 and this increases the risk substantially. There is a buy signal from a pivot bottom found 44 days ago.)
Trading Expectations (9795.T) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect STEP CO.,LTD. to open at JP¥1,962.00, and during the day (based on 14 day Average True Range), to move between JP¥1,946.18 and JP¥1,977.82, which gives a possible trading interval of +/-JP¥15.82 (+/-0.81%) up or down from last closing price. If STEP CO.,LTD. takes out the full calculated possible swing range there will be an estimated 1.61% 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¥1,971.00 (0.46%) than the support at JP¥1,940.00 (1.12%), 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 STEP CO.,LTD. stock A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.
Current score: 1.255 Buy Candidate Unchanged
Predicted Opening Price for STEP CO.,LTD. of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| JP¥1,962.00 ( 0%) | JP¥1,962.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9795.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,976.00 | 0.714% |
| R2 | 1,970.65 | 0.441% |
| R1 | 1,967.35 | 0.273% |
| Price | 1,962.00 | |
| S1 | 1,956.65 | -0.273% |
| S2 | 1,953.35 | -0.441% |
| S3 | 1,948.00 | -0.714% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,987.00 | 1.27% |
| R2 | 1,981.00 | 0.97% |
| R1 | 1,971.00 | 0.459% |
| Price | 1,962.00 | |
| S1 | 1,940.00 | -1.12% |
| S2 | 1,912.00 | -2.55% |
| S3 | 1,909.00 | -2.70% |
9795 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Dec 01, 2024 | JP¥37.00 | 1.89% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | May 13, 2024 | JP¥37.00 | 1.87% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Dec 19, 2023 | JP¥48.00 | 2.57% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥24.00 | 1.27% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥23.00 | 1.30% |
FAQ
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