CORE CORPORATION Stock Forecast
CORE CORPORATION stock upgraded to Strong Buy Candidate.
(Updated on Jul 02, 2024)
The CORE CORPORATION stock price gained 0.355% on the last trading day (Tuesday, 2nd Jul 2024), rising from JP¥1,973.00 to JP¥1,980.00. During the last trading day the stock fluctuated 1.68% from a day low at JP¥1,965.00 to a day high of JP¥1,998.00. The price has risen in 7 of the last 10 days and is up by 3.61% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 28 thousand more shares were traded than the day before. In total, 35 thousand shares were bought and sold for approximately JP¥69.50 million.
The stock lies in the upper part of a 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¥1,998.69 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 4.35% during the next 3 months and, with a 90% probability hold a price between JP¥1,953.11 and JP¥2,085.56 at the end of this 3-month period.
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2359.T Signals & Forecast
Mostly positive signals in the chart today. The CORE CORPORATION 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¥1,968.57 and JP¥1,895.77. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 7.67%. 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). Volume is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Monday, June 17, 2024 in the short-term chart.
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 Monday, June 17, 2024 in the short-term chart.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 CORE CORPORATION stock
CORE CORPORATION finds support from accumulated volume at JP¥1,973.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥33.00 (1.68%) between high and low. For the last week, the stock has had daily average volatility of 1.57%.
Our recommended stop-loss: JP¥1,910.30 (-3.52%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 43 days ago.)
Trading Expectations (2359.T) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect CORE CORPORATION to open at JP¥1,981.00, and during the day (based on 14 day Average True Range), to move between JP¥1,947.85 and JP¥2,012.15, which gives a possible trading interval of +/-JP¥32.15 (+/-1.62%) up or down from last closing price. If CORE CORPORATION takes out the full calculated possible swing range there will be an estimated 3.25% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥1,973.00, some JP¥7.00 (0.35%) from the current price of JP¥1,980.00, our system finds the risk reward attractive.
Is CORE CORPORATION stock A Buy?
CORE CORPORATION holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.017 Strong Buy Candidate Upgraded
Predicted Opening Price for CORE CORPORATION of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| JP¥1,981.00 ( 0.0505%) | JP¥1,980.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2359.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,014.00 | 1.72% |
| R2 | 2,001.39 | 1.08% |
| R1 | 1,993.61 | 0.687% |
| Price | 1,980.00 | |
| S1 | 1,968.39 | -0.586% |
| S2 | 1,960.61 | -0.98% |
| S3 | 1,948.00 | -1.62% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 1,980.00 | |
| S1 | 1,973.00 | -0.354% |
| S2 | 1,940.00 | -2.02% |
| S3 | 1,902.00 | -3.94% |
2359 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 | Jun 05, 2024 | JP¥45.00 | 2.40% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Dec 05, 2023 | JP¥5.00 | 0.290% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥40.00 | 2.47% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥35.00 | 2.17% |
FAQ
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