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RSI low/high Values: [ 30 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of 9932.T
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Weaker technical forecast for SUGIMOTO & CO.,LTD. as stock downgraded to Sell Candidate.
(Updated on Apr 16, 2024)

Sell candidate since Apr 16, 2024 PDF

The SUGIMOTO & CO.,LTD. stock price fell by -1.53% on the last day (Tuesday, 16th Apr 2024) from JP¥2,227.00 to JP¥2,193.00. During the last trading day the stock fluctuated 1.92% from a day low at JP¥2,185.00 to a day high of JP¥2,227.00. The price has been going up and down for this period, and there has been a -0.54% loss for the last 2 weeks. Volume has increased on the last day by 6 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, 11 thousand shares were bought and sold for approximately JP¥24.78 million.

The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at JP¥2,166.27 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect SUGIMOTO & CO.,LTD. stock with a 90% probability to be traded between JP¥2,144.44 and JP¥2,312.99 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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9932.T Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 1.11%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The SUGIMOTO & 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¥2,207.43 and JP¥2,245.74. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for SUGIMOTO & CO.,LTD. stock

SUGIMOTO & CO.,LTD. finds support from accumulated volume at JP¥2,175.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥42.00 (1.92%) between high and low. For the last week, the stock has had daily average volatility of 1.19%.

SUGIMOTO & CO.,LTD. is oversold on RSI14 (28). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (9932.T) For The Upcoming Trading Day Of Wednesday 17th

For the upcoming trading day on Wednesday, 17th we expect SUGIMOTO & CO.,LTD. to open at JP¥2,201.67, and during the day (based on 14 day Average True Range), to move between JP¥2,154.12 and JP¥2,231.88, which gives a possible trading interval of +/-JP¥38.88 (+/-1.77%) up or down from last closing price. If SUGIMOTO & CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.55% 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¥2,175.00 (0.82%) than the resistance at JP¥2,275.00 (3.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is SUGIMOTO & CO.,LTD. stock A Buy?

SUGIMOTO & CO.,LTD. holds several negative signals and is within a 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: -2.209 Sell Candidate Downgraded

Predicted Opening Price for SUGIMOTO & CO.,LTD. of Wednesday, April 17, 2024

Fair opening price April 17, 2024 Current price
JP¥2,201.67 ( 0.395%) JP¥2,193.00

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 9932.T

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2,243.67 2.31 %
R2 2,227.62 1.58 %
R1 2,217.71 1.13 %
Current price: 2,193.00
Support S1 2,185.62 -0.336 %
S2 2,175.71 -0.788 %
S3 2,159.67 -1.52 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 2,342.00 6.79 %
R2 2,285.00 4.20 %
R1 2,275.00 3.74 %
Current price 2,193.00
Support S1 2,175.00 -0.82%
S2 2,169.00 -1.09%
S3 0 .

9932 Dividend Payout History


# Declaration Date 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¥35.00 1.58%
3 Mar 30, 2023 Mar 30, 2023 Mar 30, 2023 JP¥35.00 1.70%
4 Sep 29, 2022 Sep 29, 2022 Sep 29, 2022 JP¥30.00 1.66%
5 Mar 30, 2022 Mar 30, 2022 Mar 30, 2022 JP¥30.00 1.38%

FAQ

What is the symbol for SUGIMOTO & CO.,LTD. Stock and on which exchange is it traded?
The symbol for SUGIMOTO & CO.,LTD. is 9932.T and it is traded on the TYO (Tokyo Stock Exchange).

Should I buy or sell SUGIMOTO & CO.,LTD. Stock?
SUGIMOTO & CO.,LTD. holds several negative signals and is within a 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.

How to buy SUGIMOTO & CO.,LTD. Stock?
SUGIMOTO & CO.,LTD. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy SUGIMOTO & CO.,LTD. Stock.

What's the current price of SUGIMOTO & CO.,LTD. Stock?
As of the end of day on the 2024-04-16, the price of an SUGIMOTO & CO.,LTD. (9932.T) share was JP¥2,193.00.

What is the 52-week high and low for SUGIMOTO & CO.,LTD. Stock?
The 52-week high for SUGIMOTO & CO.,LTD. Stock is JP¥2,369.00 and the 52-week low is JP¥1,931.00.

What is the market capitalization of SUGIMOTO & CO.,LTD. Stock?
As of the 2024-04-16, the market capitalization of SUGIMOTO & CO.,LTD. is 22.101B.

When is the next earnings date for SUGIMOTO & CO.,LTD.?
The upcoming earnings date for SUGIMOTO & CO.,LTD. is Apr 25, 2024.
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About SUGIMOTO & CO.,LTD.

SUGIMOTO & Sugimoto & Co., Ltd. engages in the sale, import, and export of machinery and equipment in Japan and internationally. The company offers machines and measuring equipment, and test machines; cutting tools and working equipment; pneumatic tools, hydraulic, and pneumatic equipment; electric tools, conduction equipment, and working tools; and pipe-working equipment and OA equipment. Sugimoto & Co., Ltd. was founded in 1921 and is headquartered in Osa... 9932.T Profile

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