MITANI SEKISAN CO.,LTD. Stock Forecast
MITANI SEKISAN CO.,LTD. stock upgraded to Hold/Accumulate.
(Updated on Apr 26, 2024)
The MITANI SEKISAN CO.,LTD. stock price gained 4.65% on the last trading day (Friday, 26th Apr 2024), rising from JP¥5,380.00 to JP¥5,630.00. During the last trading day the stock fluctuated 3.87% from a day low at JP¥5,420.00 to a day high of JP¥5,630.00. The price has fallen in 6 of the last 10 days and is down by -8.46% for this period. Volume fell on the last day by -900 shares and in total, 15 thousand shares were bought and sold for approximately JP¥86.14 million. 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 strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 12.85% during the next 3 months and, with a 90% probability hold a price between JP¥6,051.02 and JP¥7,468.39 at the end of this 3-month period.
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5273.T Signals & Forecast
There are mixed signals in the stock today. The MITANI SEKISAN CO.,LTD. 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 JP¥5,821.14. On a fall, the stock will find some support from the short-term average at JP¥5,480.00. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 6.23%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for MITANI SEKISAN CO.,LTD. stock
MITANI SEKISAN CO.,LTD. finds support from accumulated volume at JP¥5,530.00 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 JP¥210.00 between high and low, or 3.87%. For the last week, the stock has had daily average volatility of 3.55%.
Our recommended stop-loss: JP¥5,405.25 (-3.99%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (5273.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect MITANI SEKISAN CO.,LTD. to open at JP¥5,560.00, and during the day (based on 14 day Average True Range), to move between JP¥5,404.57 and JP¥5,855.43, which gives a possible trading interval of +/-JP¥225.43 (+/-4.00%) up or down from last closing price. If MITANI SEKISAN CO.,LTD. takes out the full calculated possible swing range there will be an estimated 8.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at JP¥5,640.00 (0.18%) than the support at JP¥5,530.00 (1.78%), 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 MITANI SEKISAN CO.,LTD. stock A Buy?
MITANI SEKISAN CO.,LTD. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.071 Hold/Accumulate Upgraded
Predicted Opening Price for MITANI SEKISAN CO.,LTD. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥5,560.00 ( 1.24%) | JP¥5,630.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 5273.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5,770.00 | 2.49 % | |
| R2 | 5,689.78 | 1.06 % | ||
| R1 | 5,640.22 | 0.182 % | ||
| Current price: | 5,630.00 | |||
| Support | S1 | 5,479.78 | -2.67 % | |
| S2 | 5,430.22 | -3.55 % | ||
| S3 | 5,350.00 | -4.97 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6,060.00 | 7.64 % | |
| R2 | 5,900.00 | 4.80 % | ||
| R1 | 5,640.00 | 0.178 % | ||
| Current price | 5,630.00 | |||
| Support | S1 | 5,530.00 | -1.78% | |
| S2 | 5,410.00 | -3.91% | ||
| S3 | 5,380.00 | -4.44% |
5273 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥45.50 | 0.99% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥26.50 | 0.759% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥22.50 | 0.334% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥21.50 | 0.298% |
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