DAI-DAN CO.,LTD. Stock Forecast
DAI-DAN CO.,LTD. stock price ended at JP¥3,270.00 on Friday, after losing 0.305%.
(Updated on May 31, 2024)
The DAI-DAN CO.,LTD. stock price fell by -0.305% on the last day (Friday, 31st May 2024) from JP¥3,280.00 to JP¥3,270.00. During the last trading day the stock fluctuated 3.22% from a day low at JP¥3,265.00 to a day high of JP¥3,370.00. The price has risen in 5 of the last 10 days and is up by 5.48% over the past 2 weeks. Volume has increased on the last day by 1 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately JP¥4.69 billion.
The stock lies in the middle of a strong 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 69.89% during the next 3 months and, with a 90% probability hold a price between JP¥5,363.31 and JP¥5,871.70 at the end of this 3-month period.
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1980.T Signals & Forecast
The DAI-DAN CO.,LTD. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥3,297.86. On a fall, the stock will find some support from the long-term average at approximately JP¥2,969.54. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, May 28, 2024, and so far it has fallen -3.40%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for DAI-DAN CO.,LTD. stock
DAI-DAN CO.,LTD. finds support from accumulated volume at JP¥3,140.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved JP¥105.00 between high and low, or 3.22%. For the last week, the stock has had daily average volatility of 4.61%.
Our recommended stop-loss: JP¥3,153.21 (-3.57%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 29 days ago.)
Trading Expectations (1980.T) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect DAI-DAN CO.,LTD. to open at JP¥3,301.67, and during the day (based on 14 day Average True Range), to move between JP¥3,113.62 and JP¥3,426.38, which gives a possible trading interval of +/-JP¥156.38 (+/-4.78%) up or down from last closing price. If DAI-DAN CO.,LTD. takes out the full calculated possible swing range there will be an estimated 9.56% 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¥3,280.00 (0.31%) than the support at JP¥3,140.00 (3.98%), 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 DAI-DAN CO.,LTD. stock A Buy?
DAI-DAN CO.,LTD. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.217 Hold/Accumulate Unchanged
Predicted Opening Price for DAI-DAN CO.,LTD. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| JP¥3,301.67 ( 0.97%) | JP¥3,270.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1980.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,406.67 | 4.18 % | |
| R2 | 3,366.56 | 2.95 % | ||
| R1 | 3,341.78 | 2.20 % | ||
| Current price: | 3,270.00 | |||
| Support | S1 | 3,261.56 | -0.258 % | |
| S2 | 3,236.78 | -1.02 % | ||
| S3 | 3,196.67 | -2.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,385.00 | 3.52 % | |
| R2 | 3,335.00 | 1.99 % | ||
| R1 | 3,280.00 | 0.306 % | ||
| Current price | 3,270.00 | |||
| Support | S1 | 3,140.00 | -3.98% | |
| S2 | 3,100.00 | -5.20% | ||
| S3 | 2,642.00 | -19.20% |
1980 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥10.00 | 0.85% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥45.00 | 4.13% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥45.00 | 4.25% |
FAQ
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