Coca-Cola Bottlers Japan Holdings Inc. Stock Forecast
Weaker technical forecast for Coca-Cola Bottlers Japan Holdings Inc. as stock downgraded to Sell Candidate.
(Updated on Jun 14, 2024)
No changes to the price of Coca-Cola Bottlers Japan Holdings Inc. stock on the last trading day (Friday, 14th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $6.18 to a day high of $6.18. The price has been going up and down for this period, and there has been a 7.67% gain for the last 2 weeks.
The stock lies in the middle of a very 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 -21.88% during the next 3 months and, with a 90% probability hold a price between $4.07 and $5.20 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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CCOJY Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Coca-Cola Bottlers Japan Holdings Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $6.35. On a fall, the stock will find some support from the short-term average at $6.06. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Coca-Cola Bottlers Japan Holdings Inc. stock
Coca-Cola Bottlers Japan Holdings Inc. finds support from accumulated volume at $6.09 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CCOJY) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Coca-Cola Bottlers Japan Holdings Inc. to open at $6.18, and during the day (based on 14 day Average True Range), to move between $6.08 and $6.28, which gives a possible trading interval of +/-$0.0998 (+/-1.62%) up or down from last closing price. If Coca-Cola Bottlers Japan Holdings Inc. takes out the full calculated possible swing range there will be an estimated 3.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.09 (1.41%) than the resistance at $6.85 (10.76%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Coca-Cola Bottlers Japan Holdings Inc. stock A Buy?
Coca-Cola Bottlers Japan Holdings Inc. holds several negative signals and we believe that 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: -2.396 Sell Candidate Downgraded
Predicted Opening Price for Coca-Cola Bottlers Japan Holdings Inc. of Monday, June 17, 2024
Fair opening price June 17, 2024 | Current price |
---|---|
$6.18 ( 0%) | $6.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CCOJY
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 6.18 | - |
R2 | 6.18 | - |
R1 | 6.18 | - |
Price | 6.18 | |
S1 | 6.18 | - |
S2 | 6.18 | - |
S3 | 6.18 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 7.41 | 19.90% |
R2 | 6.99 | 13.04% |
R1 | 6.85 | 10.76% |
Price | 6.18 | |
S1 | 6.09 | -1.41% |
S2 | 6.01 | -2.73% |
S3 | 5.95 | -3.72% |
CCOJY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 28, 2023 | Dec 28, 2023 | Mar 01, 2024 | $0.0736 | 1.08% |
2 | Dec 27, 2023 | Dec 27, 2023 | Apr 12, 2024 | $0.0825 | 1.15% |
3 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | $0.0607 | 1.12% |
4 | Dec 29, 2022 | Dec 29, 2022 | Apr 13, 2023 | $0.0669 | 1.28% |
5 | Jun 29, 2022 | Jun 29, 2022 | Sep 16, 2022 | $0.0653 | 1.36% |
FAQ
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