CROSS CAT CO.,LTD. Stock Forecast
Evaluation of CROSS CAT CO.,LTD. stock downgraded after the last trading session.
(Updated on Jun 21, 2024)
The CROSS CAT CO.,LTD. stock price fell by -2.40% on the last day (Friday, 21st Jun 2024) from JP¥1,376.00 to JP¥1,343.00. During the last trading day the stock fluctuated 4.49% from a day low at JP¥1,337.00 to a day high of JP¥1,397.00. The price has been going up and down for this period, and there has been a 0.98% gain for the last 2 weeks. 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 -26 thousand shares and in total, 38 thousand shares were bought and sold for approximately JP¥51.17 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -12.64% during the next 3 months and, with a 90% probability hold a price between JP¥1,040.72 and JP¥1,374.56 at the end of this 3-month period.
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2307.T Signals & Forecast
The CROSS CAT 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¥1,363.57. On a fall, the stock will find some support from the long-term average at approximately JP¥1,336.11. 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. A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 7.44%. 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 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 CROSS CAT CO.,LTD. stock
CROSS CAT CO.,LTD. finds support from accumulated volume at JP¥1,315.00 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¥60.00 between high and low, or 4.49%. For the last week, the stock has had daily average volatility of 4.06%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (2307.T) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect CROSS CAT CO.,LTD. to open at JP¥1,359.00, and during the day (based on 14 day Average True Range), to move between JP¥1,295.32 and JP¥1,390.68, which gives a possible trading interval of +/-JP¥47.68 (+/-3.55%) up or down from last closing price. If CROSS CAT CO.,LTD. takes out the full calculated possible swing range there will be an estimated 7.10% 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¥1,315.00 (2.08%) than the resistance at JP¥1,450.00 (7.97%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CROSS CAT CO.,LTD. stock A Buy?
CROSS CAT CO.,LTD. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.213 Sell Candidate Downgraded
Predicted Opening Price for CROSS CAT CO.,LTD. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| JP¥1,359.00 ( 1.19%) | JP¥1,343.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2307.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,419.00 | 5.66% |
| R2 | 1,396.08 | 3.95% |
| R1 | 1,381.92 | 2.90% |
| Price | 1,343.00 | |
| S1 | 1,336.08 | -0.515% |
| S2 | 1,321.92 | -1.57% |
| S3 | 1,299.00 | -3.28% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,646.00 | 22.56% |
| R2 | 1,575.00 | 17.27% |
| R1 | 1,450.00 | 7.97% |
| Price | 1,343.00 | |
| S1 | 1,315.00 | -2.08% |
| S2 | 1,301.00 | -3.13% |
| S3 | 1,294.00 | -3.65% |
2307 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2025 | Mar 28, 2025 | Mar 28, 2025 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 12, 2024 | JP¥28.00 | 2.15% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥12.00 | 0.91% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥16.00 | 1.32% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥11.00 | 1.92% |
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