Chips · Stock report · Canon (TSE: 7751.T)
Canon — ranks 1st of 86 chip stocks over one month while its lithography peers fall
The Closelooknet read
Canon (TSE: 7751.T) ranks 1st of the 86 stocks in our chip section over the past month with a gain of 8.4%, while the three lithography peers we track all fell over the same stretch. Our money-flow reading (a gauge of net buying pressure) stands at 3.3, up 2.1 over five sessions and 6.3 over the past month, and our label for its direction is accelerating-up. Our momentum score is 82. Canon closed at a new 52-week high of ¥4,949 on 26 October. We watch whether Canon holds above its previous 52-week closing high of ¥4,929 over the coming sessions, or slips back under it.
Where Canon stands among our chip stocks
Canon ranks 1st of 86 on one-month move, at 8.44%. Its lithography peers moved the other way: ASML (ASML) fell 8.78% over the month and sits 20.0% below its 30 June high; Nikon (7731.T) fell 9.31% and is 27.6% below its 14 May high; SÜSS MicroTec (SMHN.DE) fell 22.1% and is 53.1% below its 19 June high.
Year to date, ASML is up 48.7% and SÜSS MicroTec 33.8%, against 6.8% for Canon and a 3.4% fall for Nikon.
Our money-flow and score readings
Our money-flow reading for Canon is 3.3 and our label for it is accelerating-up, with the reading up 2.1 over five sessions and 6.3 over the past month. Our heat band (how stretched buying looks) is neutral.
The momentum score is 82. Other scores are not yet available for Canon, so we do not give an overall rating.
Price trend
Canon closed at ¥4,949 on 26 October (about $31.45), up 1.2% on the day. That is a new 52-week high, 0.4% above the previous high close of ¥4,929 set on 10 February.
The stock sits 7.1% above its 50-day average (¥4,620.20) and 10.1% above its 200-day average (¥4,493.70), the average close of the last 200 sessions. It is up 9.1% over three months and 9.9% over one year. Its typical daily swing is about 1.5%. The 52-week low close was ¥4,005 on 27 April.
Closelooknet is a research diary. Nothing here is investment advice or a recommendation to buy or sell.