SAINT-CARE HOLDING CORPORATION Stock Forecast
Green day on Friday for SAINT-CARE HOLDING CORPORATION stock after gaining 0.114%
(Updated on May 10, 2024)
The SAINT-CARE HOLDING CORPORATION stock price gained 0.114% on the last trading day (Friday, 10th May 2024), rising from JP¥876.00 to JP¥877.00. During the last trading day the stock fluctuated 0.571% from a day low at JP¥875.00 to a day high of JP¥880.00. The price has been going up and down for this period, and there has been a 2.21% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 200 more shares were traded than the day before. In total, 11 thousand shares were bought and sold for approximately JP¥9.30 million.
The stock lies in the middle of a 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 -6.96% during the next 3 months and, with a 90% probability hold a price between JP¥770.29 and JP¥827.78 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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2374.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 3.91%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The SAINT-CARE HOLDING CORPORATION stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥881.14 and JP¥877.37. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for SAINT-CARE HOLDING CORPORATION stock
SAINT-CARE HOLDING CORPORATION finds support from accumulated volume at JP¥874.00 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¥5.00 between high and low, or 0.571%. For the last week the stock has had daily average volatility of 0.84%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (2374.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect SAINT-CARE HOLDING CORPORATION to open at JP¥877.33, and during the day (based on 14 day Average True Range), to move between JP¥864.66 and JP¥889.34, which gives a possible trading interval of +/-JP¥12.34 (+/-1.41%) up or down from last closing price. If SAINT-CARE HOLDING CORPORATION takes out the full calculated possible swing range there will be an estimated 2.81% 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¥874.00 (0.34%) than the resistance at JP¥897.00 (2.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
SAINT-CARE HOLDING CORPORATION will release earnings BMO on Wednesday, May 15, 2024. We will update the financials statements for SAINT-CARE HOLDING CORPORATION, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.18% in the first trading day after earnings release.
Is SAINT-CARE HOLDING CORPORATION stock A Buy?
SAINT-CARE HOLDING CORPORATION 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.
Current score: -3.292 Sell Candidate Unchanged
Predicted Opening Price for SAINT-CARE HOLDING CORPORATION of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥877.33 ( 0.0380%) | JP¥877.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2374.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 882.33 | 0.608 % | |
| R2 | 880.42 | 0.390 % | ||
| R1 | 879.24 | 0.256 % | ||
| Current price: | 877.00 | |||
| Support | S1 | 875.42 | -0.180 % | |
| S2 | 874.24 | -0.314 % | ||
| S3 | 872.33 | -0.532 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 923.00 | 5.25 % | |
| R2 | 906.00 | 3.31 % | ||
| R1 | 897.00 | 2.28 % | ||
| Current price | 877.00 | |||
| Support | S1 | 874.00 | -0.342% | |
| S2 | 865.00 | -1.37% | ||
| S3 | 852.00 | -2.85% |
2374 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥24.00 | 3.20% |
| 2 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥20.00 | 2.33% |
| 3 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥16.00 | 1.20% |
| 4 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥15.00 | 3.92% |
| 5 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥14.00 | 2.54% |
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