SMC Corp JapanRC Stock Forecast
SMC Corp JapanRC stock price up 0.97% on Tuesday
(Updated on Jun 25, 2024)
The SMC Corp JapanRC stock price gained 0.97% on the last trading day (Tuesday, 25th Jun 2024), rising from $23.69 to $23.92. During the last trading day the stock fluctuated 1.10% from a day low at $23.72 to a day high of $23.98. The price has fallen in 6 of the last 10 days and is down by -4.24% for this period. Volume fell on the last day by -12 thousand shares and in total, 2 thousand shares were bought and sold for approximately $57.58 thousand. 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 -13.18% during the next 3 months and, with a 90% probability hold a price between $19.17 and $22.14 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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SMCAY Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 1.18%. 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 SMC Corp JapanRC 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 $24.14 and $25.54. 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 fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for SMC Corp JapanRC stock
SMC Corp JapanRC finds support from accumulated volume at $23.69 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.260 between high and low, or 1.10%. For the last week the stock has had daily average volatility of 0.770%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SMCAY) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect SMC Corp JapanRC to open at $23.87, and during the day (based on 14 day Average True Range), to move between $23.30 and $24.54, which gives a possible trading interval of +/-$0.625 (+/-2.61%) up or down from last closing price. If SMC Corp JapanRC takes out the full calculated possible swing range there will be an estimated 5.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $23.69 (0.96%) than the resistance at $25.09 (4.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SMC Corp JapanRC stock A Buy?
SMC Corp JapanRC holds several negative signals and is within a wide and 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.
Current score: -2.584 Sell Candidate Unchanged
Predicted Opening Price for SMC Corp JapanRC of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $23.87 ( 0.195%) | $23.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SMCAY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.13 | 0.89% |
| R2 | 24.03 | 0.477% |
| R1 | 23.97 | 0.220% |
| Price | 23.92 | |
| S1 | 23.77 | -0.610% |
| S2 | 23.71 | -0.87% |
| S3 | 23.61 | -1.28% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 26.40 | 10.37% |
| R2 | 25.65 | 7.23% |
| R1 | 25.09 | 4.89% |
| Price | 23.92 | |
| S1 | 23.69 | -0.96% |
| S2 | 23.64 | -1.17% |
| S3 | 0 | - |
SMCAY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 28, 2023 | Sep 28, 2023 | Dec 11, 2023 | $0.103 | 0.419% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Jul 13, 2023 | $0.110 | 0.396% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Dec 16, 2022 | $0.117 | 0.534% |
| 4 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | $0.132 | 0.414% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | $0.136 | 0.450% |
FAQ
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