SENSHU ELECTRIC CO.,LTD. Stock Forecast
Red day on Thursday for SENSHU ELECTRIC CO.,LTD. stock after losing 4.17%
(Updated on Apr 25, 2024)
The SENSHU ELECTRIC CO.,LTD. stock price fell by -4.17% on the last day (Thursday, 25th Apr 2024) from JP¥5,760.00 to JP¥5,520.00. During the last trading day the stock fluctuated 3.26% from a day low at JP¥5,520.00 to a day high of JP¥5,700.00. The price has fallen in 6 of the last 10 days and is down by -7.54% for this period. Volume has increased on the last day by 116 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, 192 thousand shares were bought and sold for approximately JP¥1.06 billion.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥5,409.24 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 64.24% during the next 3 months and, with a 90% probability hold a price between JP¥8,883.95 and JP¥10,476.66 at the end of this 3-month period.
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9824.T Signals & Forecast
A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -7.54%. 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. Some positive signals were issued as well, and these may have some influence on the near short-term development. The SENSHU ELECTRIC CO.,LTD. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥5,634.29. On a fall, the stock will find some support from the long-term average at approximately JP¥5,081.43. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.
Support, Risk & Stop-loss for SENSHU ELECTRIC CO.,LTD. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥5,030.00 and JP¥4,395.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, SENSHU ELECTRIC CO.,LTD. finds support just below today's level at JP¥5,030.00. If this is broken, then the next support from accumulated volume will be at JP¥4,395.00 and JP¥4,250.00.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved JP¥180.00 between high and low, or 3.26%. For the last week, the stock has had daily average volatility of 3.03%.
Our recommended stop-loss: JP¥5,283.33 (-4.29%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (9824.T) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect SENSHU ELECTRIC CO.,LTD. to open at JP¥5,580.00, and during the day (based on 14 day Average True Range), to move between JP¥5,330.71 and JP¥5,709.29, which gives a possible trading interval of +/-JP¥189.29 (+/-3.43%) up or down from last closing price. If SENSHU ELECTRIC CO.,LTD. takes out the full calculated possible swing range there will be an estimated 6.86% 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¥5,570.00 (0.91%) than the support at JP¥5,030.00 (8.88%), 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 SENSHU ELECTRIC CO.,LTD. stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.049 Buy Candidate Unchanged
Predicted Opening Price for SENSHU ELECTRIC CO.,LTD. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| JP¥5,580.00 ( 1.09%) | JP¥5,520.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9824.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5,760.00 | 4.35 % | |
| R2 | 5,691.24 | 3.10 % | ||
| R1 | 5,648.76 | 2.33 % | ||
| Current price: | 5,520.00 | |||
| Support | S1 | 5,511.24 | -0.159 % | |
| S2 | 5,468.76 | -0.93 % | ||
| S3 | 5,400.00 | -2.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5,760.00 | 4.35 % | |
| R2 | 5,650.00 | 2.36 % | ||
| R1 | 5,570.00 | 0.91 % | ||
| Current price | 5,520.00 | |||
| Support | S1 | 5,030.00 | -8.88% | |
| S2 | 4,395.00 | -20.38% | ||
| S3 | 4,250.00 | -23.01% |
9824 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 26, 2024 | Apr 26, 2024 | Apr 26, 2024 | JP¥0 | 0% |
| 2 | Oct 30, 2023 | Oct 30, 2023 | Oct 30, 2023 | JP¥50.00 | 1.63% |
| 3 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | JP¥40.00 | 1.29% |
| 4 | Oct 28, 2022 | Oct 28, 2022 | Oct 28, 2022 | JP¥40.00 | 1.46% |
| 5 | Apr 27, 2022 | Apr 27, 2022 | Apr 27, 2022 | JP¥30.00 | 1.27% |
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