Unicharm Corporation Stock Forecast
Unicharm Corporation stock price ended at $6.49 on Friday, after losing 0.154%.
(Updated on May 17, 2024)
The Unicharm Corporation stock price fell by -0.154% on the last day (Friday, 17th May 2024) from $6.50 to $6.49. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 0.93% from a day low at $6.43 to a day high of $6.49. The price has been going up and down for this period, and there has been a 6.32% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 thousand shares and in total, 132 thousand shares were bought and sold for approximately $855.46 thousand.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $6.52 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -10.14% during the next 3 months and, with a 90% probability hold a price between $4.94 and $5.86 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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UNICY Signals & Forecast
The Unicharm 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 $6.46 and $6.09. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -1.07%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Unicharm Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $5.95 and $5.89. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Unicharm Corporation finds support just below today's level at $5.95. If this is broken, then the next support from accumulated volume will be at $5.89 and $5.80.
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 $0.0600 between high and low, or 0.93%. For the last week the stock has had daily average volatility of 3.02%.
Our recommended stop-loss: $6.23 (-3.94%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (UNICY) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Unicharm Corporation to open at $6.47, and during the day (based on 14 day Average True Range), to move between $6.25 and $6.73, which gives a possible trading interval of +/-$0.238 (+/-3.67%) up or down from last closing price. If Unicharm Corporation takes out the full calculated possible swing range there will be an estimated 7.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $6.51 (0.31%) than the support at $5.95 (8.32%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Unicharm Corporation stock A Buy?
Unicharm 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: -0.654 Hold/Accumulate Unchanged
Predicted Opening Price for Unicharm Corporation of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $6.47 ( 0.308%) | $6.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UNICY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.53 | 0.616 % | |
| R2 | 6.51 | 0.263 % | ||
| R1 | 6.49 | 0.0450 % | ||
| Current price: | 6.49 | |||
| Support | S1 | 6.45 | -0.661 % | |
| S2 | 6.43 | -0.88 % | ||
| S3 | 6.41 | -1.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.58 | 1.39 % | |
| R2 | 6.56 | 1.08 % | ||
| R1 | 6.51 | 0.308 % | ||
| Current price | 6.49 | |||
| Support | S1 | 5.95 | -8.32% | |
| S2 | 5.89 | -9.24% | ||
| S3 | 5.80 | -10.63% |
UNICY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 28, 2023 | Dec 28, 2023 | Mar 18, 2024 | $0.0192 | 0.292% |
| 2 | Dec 27, 2023 | Dec 27, 2023 | Mar 18, 2024 | $0.0192 | 0.292% |
| 3 | Jun 29, 2023 | Jun 29, 2023 | Sep 14, 2023 | $0.0192 | 0.251% |
| 4 | Dec 29, 2022 | Dec 29, 2022 | Mar 16, 2023 | $0.0199 | 0.253% |
| 5 | Jun 29, 2022 | Jun 29, 2022 | Sep 12, 2022 | $0.0197 | 0.295% |
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