Cookpad Inc. Stock Forecast
Green day on Monday for Cookpad Inc. stock after gaining 1.10%
(Updated on May 20, 2024)
The Cookpad Inc. stock price gained 1.10% on the last trading day (Monday, 20th May 2024), rising from JP¥181.00 to JP¥183.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.79% from a day low at JP¥179.00 to a day high of JP¥184.00. The price has risen in 9 of the last 10 days and is up by 19.61% over the past 2 weeks. Volume fell on the last day by -74 thousand shares and in total, 494 thousand shares were bought and sold for approximately JP¥90.42 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 middle of a very wide and 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 40.56% during the next 3 months and, with a 90% probability hold a price between JP¥231.12 and JP¥322.88 at the end of this 3-month period.
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2193.T Signals & Forecast
The Cookpad Inc. 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¥175.86 and JP¥174.94. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. 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, April 09, 2024, and so far it has fallen -8.50%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Cookpad Inc. stock
Cookpad Inc. finds support from accumulated volume at JP¥179.00 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 2.79%. For the last week, the stock has had daily average volatility of 4.74%.
Our recommended stop-loss: JP¥173.39 (-5.25%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 31 days ago.)
Trading Expectations (2193.T) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Cookpad Inc. to open at JP¥182.00, and during the day (based on 14 day Average True Range), to move between JP¥173.37 and JP¥192.63, which gives a possible trading interval of +/-JP¥9.63 (+/-5.26%) up or down from last closing price. If Cookpad Inc. takes out the full calculated possible swing range there will be an estimated 10.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥179.00 (2.19%) than the resistance at JP¥191.00 (4.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Cookpad Inc. stock A Buy?
Cookpad Inc. 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: 0.420 Hold/Accumulate Unchanged
Predicted Opening Price for Cookpad Inc. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| JP¥182.00 ( 0.546%) | JP¥183.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2193.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 187.00 | 2.19 % | |
| R2 | 185.09 | 1.14 % | ||
| R1 | 183.91 | 0.497 % | ||
| Current price: | 183.00 | |||
| Support | S1 | 180.09 | -1.59 % | |
| S2 | 178.91 | -2.23 % | ||
| S3 | 177.00 | -3.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 200.00 | 9.29 % | |
| R2 | 199.00 | 8.74 % | ||
| R1 | 191.00 | 4.37 % | ||
| Current price | 183.00 | |||
| Support | S1 | 179.00 | -2.19% | |
| S2 | 178.00 | -2.73% | ||
| S3 | 173.00 | -5.46% |
2193 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2017 | Dec 27, 2017 | Dec 27, 2017 | JP¥8.00 | 1.30% |
| 2 | Dec 28, 2016 | Dec 28, 2016 | Dec 28, 2016 | JP¥10.00 | 0.94% |
| 3 | Dec 28, 2015 | Dec 28, 2015 | Dec 28, 2015 | JP¥10.00 | 0.391% |
| 4 | Dec 26, 2014 | Dec 26, 2014 | Dec 26, 2014 | JP¥4.00 | 0.290% |
| 5 | Apr 25, 2014 | Apr 25, 2014 | Apr 25, 2014 | JP¥4.00 | 0.553% |
FAQ
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