DAIHATSU DIESEL MFG. CO.,LTD. Stock Forecast
Green day on Wednesday for DAIHATSU DIESEL MFG. CO.,LTD. stock after gaining 0.216%
(Updated on Apr 24, 2024)
The DAIHATSU DIESEL MFG. CO.,LTD. stock price gained 0.216% on the last trading day (Wednesday, 24th Apr 2024), rising from JP¥1,389.00 to JP¥1,392.00. During the last trading day the stock fluctuated 3.41% from a day low at JP¥1,380.00 to a day high of JP¥1,427.00. The price has fallen in 8 of the last 10 days and is down by -17.09% for this period. Volume fell on the last day by -365 thousand shares and in total, 692 thousand shares were bought and sold for approximately JP¥963.13 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.
Given the current short-term trend, the stock is expected to rise 20.87% during the next 3 months and, with a 90% probability hold a price between JP¥1,682.46 and JP¥2,088.45 at the end of this 3-month period.
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6023.T Signals & Forecast
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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The DAIHATSU DIESEL MFG. CO.,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 JP¥1,483.14 and JP¥1,499.11. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -17.09%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for DAIHATSU DIESEL MFG. CO.,LTD. stock
DAIHATSU DIESEL MFG. CO.,LTD. finds support from accumulated volume at JP¥1,389.00 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¥47.00 between high and low, or 3.41%. For the last week, the stock has had daily average volatility of 6.46%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6023.T) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect DAIHATSU DIESEL MFG. CO.,LTD. to open at JP¥1,399.67, and during the day (based on 14 day Average True Range), to move between JP¥1,311.71 and JP¥1,472.29, which gives a possible trading interval of +/-JP¥80.29 (+/-5.77%) up or down from last closing price. If DAIHATSU DIESEL MFG. CO.,LTD. takes out the full calculated possible swing range there will be an estimated 11.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥1,389.00 (0.22%) than the resistance at JP¥1,438.00 (3.30%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
DAIHATSU DIESEL MFG. CO.,LTD. will release earnings BMO on Thursday, April 25, 2024. We will update the financials statements for DAIHATSU DIESEL MFG. CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.38% in the first trading day after earnings release.
Is DAIHATSU DIESEL MFG. CO.,LTD. stock A Buy?
The DAIHATSU DIESEL MFG. CO.,LTD. stock holds several negative signals and despite the positive trend, we believe DAIHATSU DIESEL MFG. CO.,LTD. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.928 Sell Candidate Unchanged
Predicted Opening Price for DAIHATSU DIESEL MFG. CO.,LTD. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| JP¥1,399.67 ( 0.551%) | JP¥1,392.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6023.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,446.67 | 3.93 % | |
| R2 | 1,428.71 | 2.64 % | ||
| R1 | 1,417.62 | 1.84 % | ||
| Current price: | 1,392.00 | |||
| Support | S1 | 1,381.71 | -0.739 % | |
| S2 | 1,370.62 | -1.54 % | ||
| S3 | 1,352.67 | -2.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,461.00 | 4.96 % | |
| R2 | 1,439.00 | 3.38 % | ||
| R1 | 1,438.00 | 3.30 % | ||
| Current price | 1,392.00 | |||
| Support | S1 | 1,389.00 | -0.216% | |
| S2 | 1,292.00 | -7.18% | ||
| S3 | 1,149.00 | -17.46% |
6023 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥28.00 | 5.30% |
| 2 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥15.00 | 3.06% |
| 3 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥15.00 | 2.99% |
| 4 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥15.00 | 3.59% |
| 5 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥15.00 | 2.37% |
FAQ
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