JAC Recruitment Co.,Ltd. Stock Forecast
Red day on Tuesday for JAC Recruitment Co.,Ltd.
(Updated on Apr 30, 2024)
The JAC Recruitment Co.,Ltd. stock price fell by -0.780% on the last day (Tuesday, 30th Apr 2024) from JP¥769.00 to JP¥763.00. During the last trading day the stock fluctuated 1.85% from a day low at JP¥758.00 to a day high of JP¥772.00. The price has fallen in 6 of the last 10 days and is down by -2.05% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -48 thousand shares and in total, 171 thousand shares were bought and sold for approximately JP¥130.47 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥747.40 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 11.26% during the next 3 months and, with a 90% probability hold a price between JP¥831.55 and JP¥923.90 at the end of this 3-month period.
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2124.T Signals & Forecast
The JAC Recruitment Co.,Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥758.71 and JP¥761.71. A breakdown below any of these levels will issue sell signals. 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 Friday, March 29, 2024, and so far it has fallen -4.74%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for JAC Recruitment Co.,Ltd. stock
JAC Recruitment Co.,Ltd. finds support from accumulated volume at JP¥760.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved JP¥14.00 between high and low, or 1.85%. For the last week the stock has had daily average volatility of 1.99%.
Our recommended stop-loss: JP¥730.23 (-4.29%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (2124.T) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect JAC Recruitment Co.,Ltd. to open at JP¥764.33, and during the day (based on 14 day Average True Range), to move between JP¥743.44 and JP¥782.56, which gives a possible trading interval of +/-JP¥19.56 (+/-2.56%) up or down from last closing price. If JAC Recruitment Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 5.13% 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¥764.00 (0.13%) than the support at JP¥760.00 (0.39%), 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 JAC Recruitment Co.,Ltd. stock A Buy?
JAC Recruitment Co.,Ltd. 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for JAC Recruitment Co.,Ltd. of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| JP¥764.33 ( 0.175%) | JP¥763.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2124.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 778.33 | 2.01 % | |
| R2 | 772.99 | 1.31 % | ||
| R1 | 769.68 | 0.88 % | ||
| Current price: | 763.00 | |||
| Support | S1 | 758.99 | -0.526 % | |
| S2 | 755.68 | -0.96 % | ||
| S3 | 750.33 | -1.66 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 767.00 | 0.524 % | |
| R2 | 765.00 | 0.262 % | ||
| R1 | 764.00 | 0.131 % | ||
| Current price | 763.00 | |||
| Support | S1 | 760.00 | -0.393% | |
| S2 | 750.00 | -1.70% | ||
| S3 | 742.00 | -2.75% |
2124 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2024 | Dec 27, 2024 | Dec 27, 2024 | JP¥0 | 0% |
| 2 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥80.00 | 13.07% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥73.00 | 13.92% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | JP¥80.00 | 17.28% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | JP¥80.00 | 16.39% |
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