JFE Holdings’ share price rebounded with support from its 25-day moving average and rose on the 18th for the first time in 6 trading days. Stochastics improved, and the closing price moved above the 5-day moving average.
JFE Holdings’ share price rebounded with support from its 25-day moving average, turning higher on the 18th for the first time in 6 trading days, up ¥50.5 from the previous day. Stochastics, an oscillator-type indicator, began rising from a low level, and the closing price has recovered a positive spread over the 5-day moving average. The shares are therefore expected to enter a near-term rebound phase.
On a weekly basis, the shares remain above the 13-week and 26-week moving averages.
Net income for the fiscal year ending March is expected to increase approximately 2.1-fold year on year. The P/B ratio is in the 0.4x range, while the dividend yield is generally around 4.3%.