EAST JAPAN RAILWAY C Stock Forecast
EAST JAPAN RAILWAY C stock upgraded from Sell Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Apr 23, 2024)
The EAST JAPAN RAILWAY C stock price gained 0.0531% on the last trading day (Tuesday, 23rd Apr 2024), rising from $9.42 to $9.42. During the last trading day the stock fluctuated 3.71% from a day low at $9.16 to a day high of $9.50. The price has risen in 6 of the last 10 days but is still down by -1.55% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 41 thousand more shares were traded than the day before. In total, 83 thousand shares were bought and sold for approximately $785.91 thousand.
The stock lies in the middle of a 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 -3.06% during the next 3 months and, with a 90% probability hold a price between $8.93 and $9.67 at the end of this 3-month period.
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EJPRY Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 2.17%. Further rise is indicated until a new top pivot has been found. EAST JAPAN RAILWAY C 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 EAST JAPAN RAILWAY C 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 $9.69. On a fall, the stock will find some support from the short-term average at $9.38. 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).
Support, Risk & Stop-loss for EAST JAPAN RAILWAY C stock
EAST JAPAN RAILWAY C finds support from accumulated volume at $9.39 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.340 (3.71%) between high and low. For the last week, the stock has had daily average volatility of 2.71%.
Our recommended stop-loss: $8.92 (-5.36%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (EJPRY) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect EAST JAPAN RAILWAY C to open at $9.36, and during the day (based on 14 day Average True Range), to move between $9.12 and $9.72, which gives a possible trading interval of +/-$0.305 (+/-3.23%) up or down from last closing price. If EAST JAPAN RAILWAY C takes out the full calculated possible swing range there will be an estimated 6.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $9.39 (0.32%) than the resistance at $9.68 (2.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is EAST JAPAN RAILWAY C stock A Buy?
EAST JAPAN RAILWAY C 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: -0.267 Hold/Accumulate Upgraded
Predicted Opening Price for EAST JAPAN RAILWAY C of Wednesday, April 24, 2024
Fair opening price April 24, 2024 | Current price |
---|---|
$9.36 ( 0.637%) | $9.42 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EJPRY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.70 | 2.97 % | |
R2 | 9.57 | 1.59 % | ||
R1 | 9.49 | 0.742 % | ||
Current price: | 9.42 | |||
Support | S1 | 9.23 | -2.02 % | |
S2 | 9.15 | -2.87 % | ||
S3 | 9.02 | -4.25 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.00 | 6.16 % | |
R2 | 9.80 | 4.03 % | ||
R1 | 9.68 | 2.71 % | ||
Current price | 9.42 | |||
Support | S1 | 9.39 | -0.318% | |
S2 | 9.33 | -0.96% | ||
S3 | 9.32 | -1.06% |
EJPRY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 28, 2023 | Sep 28, 2023 | Dec 15, 2023 | $0.0413 | 0.432% |
2 | Mar 30, 2023 | Mar 30, 2023 | Jul 10, 2023 | $0.0400 | 0.434% |
3 | Sep 29, 2022 | Sep 29, 2022 | Dec 16, 2022 | $0.0427 | 0.459% |
4 | Sep 25, 2009 | Sep 25, 2009 | Sep 25, 2009 | $0.0990 | 0.86% |
5 | Mar 26, 2009 | Mar 26, 2009 | Mar 26, 2009 | $0.0920 | 1.01% |
FAQ
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