ITbook Holdings Co.,LTD. Stock Forecast
Red day on Friday for ITbook Holdings Co.,LTD.
(Updated on May 31, 2024)
No changes to the price of ITbook Holdings Co.,LTD. stock on the last trading day (Friday, 31st May 2024). During the last trading day the stock fluctuated 1.67% from a day low at JP¥300.00 to a day high of JP¥305.00. The price has been going up and down for this period, and there has been a -1.94% loss for the last 2 weeks.
The stock lies in the middle of a wide and weak 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 6.55% during the next 3 months and, with a 90% probability hold a price between JP¥286.66 and JP¥338.77 at the end of this 3-month period.
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1447.T Signals & Forecast
The ITbook Holdings Co.,LTD. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥302.00 and JP¥282.83. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 3.05%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for ITbook Holdings Co.,LTD. stock
ITbook Holdings Co.,LTD. finds support from accumulated volume at JP¥297.00 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¥5.00 between high and low, or 1.67%. For the last week, the stock has had daily average volatility of 2.96%.
Our recommended stop-loss: JP¥288.65 (-5.05%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (1447.T) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect ITbook Holdings Co.,LTD. to open at JP¥303.00, and during the day (based on 14 day Average True Range), to move between JP¥294.00 and JP¥314.00, which gives a possible trading interval of +/-JP¥10.00 (+/-3.29%) up or down from last closing price. If ITbook Holdings Co.,LTD. takes out the full calculated possible swing range there will be an estimated 6.58% 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¥306.00 (0.66%) than the support at JP¥297.00 (2.30%), 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 ITbook Holdings Co.,LTD. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for ITbook Holdings Co.,LTD. stock to perform well in the short-term.
Current score: 1.518 Buy Candidate Unchanged
Predicted Opening Price for ITbook Holdings Co.,LTD. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| JP¥303.00 ( 0.329%) | JP¥304.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1447.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 308.00 | 1.32 % | |
| R2 | 306.09 | 0.687 % | ||
| R1 | 304.91 | 0.299 % | ||
| Current price: | 304.00 | |||
| Support | S1 | 301.09 | -0.96 % | |
| S2 | 299.91 | -1.35 % | ||
| S3 | 298.00 | -1.97 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 315.00 | 3.62 % | |
| R2 | 310.00 | 1.97 % | ||
| R1 | 306.00 | 0.658 % | ||
| Current price | 304.00 | |||
| Support | S1 | 297.00 | -2.30% | |
| S2 | 293.00 | -3.62% | ||
| S3 | 262.00 | -13.82% |
1447 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2025 | Mar 28, 2025 | Mar 28, 2025 | JP¥0 | 0% |
FAQ
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