Mitsui O.S.K. Lines Ltd. Stock Forecast
Mitsui O.S.K. Lines Ltd. stock upgraded from Sell Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Jun 25, 2024)
The Mitsui O.S.K. Lines Ltd. stock price gained 0.797% on the last trading day (Tuesday, 25th Jun 2024), rising from $15.05 to $15.17. It has now gained 3 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 0.726% from a day low at $15.15 to a day high of $15.26. The price has been going up and down for this period, and there has been a -8.61% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 11 thousand more shares were traded than the day before. In total, 11 thousand shares were bought and sold for approximately $161.71 thousand.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $14.94 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 7.21% during the next 3 months and, with a 90% probability hold a price between $16.01 and $18.67 at the end of this 3-month period.
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MSLOY Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 1.95%. Further rise is indicated until a new top pivot has been found. Mitsui O.S.K. Lines Ltd. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Mitsui O.S.K. Lines 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 $15.21 and $15.92. 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). The stock had a Golden Star Signal on Monday, May 06, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Monday, May 06, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Mitsui O.S.K. Lines Ltd. stock
Mitsui O.S.K. Lines Ltd. finds support from accumulated volume at $15.14 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.110 between high and low, or 0.726%. For the last week, the stock has had daily average volatility of 0.561%.
Our recommended stop-loss: $14.24 (-6.11%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (MSLOY) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Mitsui O.S.K. Lines Ltd. to open at $15.19, and during the day (based on 14 day Average True Range), to move between $14.78 and $15.56, which gives a possible trading interval of +/-$0.387 (+/-2.55%) up or down from last closing price. If Mitsui O.S.K. Lines Ltd. takes out the full calculated possible swing range there will be an estimated 5.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $15.14 (0.20%) than the resistance at $15.37 (1.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Mitsui O.S.K. Lines Ltd. stock A Buy?
Mitsui O.S.K. Lines Ltd. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.059 Hold/Accumulate Upgraded
Predicted Opening Price for Mitsui O.S.K. Lines Ltd. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $15.19 ( 0.154%) | $15.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MSLOY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 15.30 | 0.88% |
| R2 | 15.26 | 0.602% |
| R1 | 15.24 | 0.431% |
| Price | 15.17 | |
| S1 | 15.15 | -0.123% |
| S2 | 15.13 | -0.294% |
| S3 | 15.08 | -0.571% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 15.66 | 3.23% |
| R2 | 15.55 | 2.50% |
| R1 | 15.37 | 1.32% |
| Price | 15.17 | |
| S1 | 15.14 | -0.198% |
| S2 | 14.56 | -4.02% |
| S3 | 14.45 | -4.75% |
MSLOY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 28, 2023 | Sep 28, 2023 | Dec 12, 2023 | $0.250 | 1.78% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Jul 06, 2023 | $0.724 | 5.75% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Dec 13, 2022 | $0.86 | 7.00% |
| 4 | Sep 28, 2021 | Sep 28, 2021 | Sep 28, 2021 | $0.439 | 3.61% |
| 5 | Mar 29, 2021 | Mar 29, 2021 | Mar 29, 2021 | $0.203 | 3.97% |
FAQ
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