Fujii Sangyo Corporation Stock Forecast
Green day on Thursday for Fujii Sangyo Corporation
(Updated on Apr 25, 2024)
The Fujii Sangyo Corporation stock price gained 1.04% on the last trading day (Thursday, 25th Apr 2024), rising from JP¥2,680.00 to JP¥2,708.00. During the last trading day the stock fluctuated 1.08% from a day low at JP¥2,680.00 to a day high of JP¥2,709.00. The price has been going up and down for this period, and there has been a 1.16% gain for the last 2 weeks. Volume fell on the last day by -4 thousand shares and in total, 1 thousand shares were bought and sold for approximately JP¥3.25 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 stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.85% during the next 3 months and, with a 90% probability hold a price between JP¥2,422.55 and JP¥2,741.26 at the end of this 3-month period.
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9906.T Signals & Forecast
The Fujii Sangyo Corporation 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¥2,667.86 and JP¥2,650.06. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 6.70%. 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.
A buy signal from a double bottom formation was found on Friday, April 05, 2024 and based on theory for this formation the price should go up by 9.94% to JP¥2,977.27 within 15 trading days since signal was issued (Friday, April 26, 2024).
Support, Risk & Stop-loss for Fujii Sangyo Corporation stock
Fujii Sangyo Corporation finds support from accumulated volume at JP¥2,684.00 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¥29.00 between high and low, or 1.08%. For the last week the stock has had daily average volatility of 2.57%.
Our recommended stop-loss: JP¥2,593.28 (-4.24%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (9906.T) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Fujii Sangyo Corporation to open at JP¥2,699.00, and during the day (based on 14 day Average True Range), to move between JP¥2,644.14 and JP¥2,771.86, which gives a possible trading interval of +/-JP¥63.86 (+/-2.36%) up or down from last closing price. If Fujii Sangyo Corporation takes out the full calculated possible swing range there will be an estimated 4.72% 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¥2,684.00 (0.89%) than the resistance at JP¥2,734.00 (0.96%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Fujii Sangyo Corporation stock A Buy?
Fujii Sangyo Corporation 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.
Current score: -0.730 Hold/Accumulate Unchanged
Predicted Opening Price for Fujii Sangyo Corporation of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| JP¥2,699.00 ( 0.332%) | JP¥2,708.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9906.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,728.00 | 0.739 % | |
| R2 | 2,716.92 | 0.329 % | ||
| R1 | 2,710.08 | 0.0767 % | ||
| Current price: | 2,708.00 | |||
| Support | S1 | 2,687.92 | -0.741 % | |
| S2 | 2,681.08 | -0.99 % | ||
| S3 | 2,670.00 | -1.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,813.00 | 3.88 % | |
| R2 | 2,794.00 | 3.18 % | ||
| R1 | 2,734.00 | 0.96 % | ||
| Current price | 2,708.00 | |||
| Support | S1 | 2,684.00 | -0.89% | |
| S2 | 2,676.00 | -1.18% | ||
| S3 | 2,660.00 | -1.77% |
9906 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥25.00 | 1.13% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥50.00 | 3.54% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥15.00 | 1.10% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥40.00 | 3.02% |
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