CDS Co.,Ltd. Stock Forecast
CDS Co.,Ltd. stock upgraded to Buy Candidate.
(Updated on May 09, 2024)
The CDS Co.,Ltd. stock price gained 0.333% on the last trading day (Thursday, 9th May 2024), rising from JP¥1,800.00 to JP¥1,806.00. During the last trading day the stock fluctuated 0.389% from a day low at JP¥1,800.00 to a day high of JP¥1,807.00. The price has risen in 8 of the last 10 days and is up by 1.63% over the past 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 2 thousand shares were bought and sold for approximately JP¥4.15 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the upper part of a narrow and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at JP¥1,811.20 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 7.08% during the next 3 months and, with a 90% probability hold a price between JP¥1,902.39 and JP¥1,939.34 at the end of this 3-month period.
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2169.T Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -0.0553%. 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). The CDS 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¥1,796.43 and JP¥1,768.17. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Tuesday, February 20, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, March 12, 2024.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Tuesday, February 20, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, March 12, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, February 20, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, March 12, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for CDS Co.,Ltd. stock
CDS Co.,Ltd. finds support from accumulated volume at JP¥1,783.00 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¥7.00 between high and low, or 0.389%. For the last week the stock has had daily average volatility of 0.769%.
Our recommended stop-loss: JP¥1,749.29 (-3.14%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (2169.T) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect CDS Co.,Ltd. to open at JP¥1,804.33, and during the day (based on 14 day Average True Range), to move between JP¥1,787.44 and JP¥1,824.56, which gives a possible trading interval of +/-JP¥18.56 (+/-1.03%) up or down from last closing price. If CDS Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 2.06% 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¥1,807.00 (0.06%) than the support at JP¥1,783.00 (1.27%), 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.
Earnings coming up
CDS Co.,Ltd. will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for CDS Co.,Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.00% in the first trading day after earnings release.
Is CDS 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 CDS Co.,Ltd. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.550 Buy Candidate Upgraded
Predicted Opening Price for CDS Co.,Ltd. of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| JP¥1,804.33 ( 0.0923%) | JP¥1,806.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2169.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,811.33 | 0.295 % | |
| R2 | 1,808.66 | 0.147 % | ||
| R1 | 1,807.01 | 0.0558 % | ||
| Current price: | 1,806.00 | |||
| Support | S1 | 1,801.66 | -0.240 % | |
| S2 | 1,800.01 | -0.332 % | ||
| S3 | 1,797.33 | -0.480 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 1,807.00 | 0.0554 % | ||
| Current price | 1,806.00 | |||
| Support | S1 | 1,783.00 | -1.27% | |
| S2 | 1,778.00 | -1.55% | ||
| S3 | 1,774.00 | -1.77% |
2169 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jun 27, 2024 | JP¥0 | 0% |
| 2 | Dec 29, 2023 | Dec 29, 2023 | Dec 29, 2023 | JP¥32.00 | 1.89% |
| 3 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥32.00 | 1.77% |
| 4 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥30.00 | 1.65% |
| 5 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥30.00 | 1.50% |
FAQ
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