M3,Inc. Stock Forecast
M3,Inc. stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on Mar 29, 2024)
The M3,Inc. stock price fell by -1.48% on the last day (Friday, 29th Mar 2024) from JP¥2,169.00 to JP¥2,137.00. During the last trading day the stock fluctuated 2.63% from a day low at JP¥2,128.50 to a day high of JP¥2,184.50. The price has been going up and down for this period, and there has been a 6.05% gain for the last 2 weeks. Volume has increased on the last day by 335 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 4 million shares were bought and sold for approximately JP¥8.19 billion.
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 -11.55% during the next 3 months and, with a 90% probability hold a price between JP¥1,580.88 and JP¥2,014.38 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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2413.T Signals & Forecast
The M3,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¥2,135.71 and JP¥2,084.73. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, February 08, 2024, and so far it has risen 9.06%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for M3,Inc. stock
M3,Inc. finds support from accumulated volume at JP¥2,100.00 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¥56.00 (2.63%) between high and low. For the last week, the stock has had daily average volatility of 2.37%.
Our recommended stop-loss: JP¥2,075.88 (-2.86%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 33 days ago.)
Trading Expectations (2413.T) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect M3,Inc. to open at JP¥2,150.00, and during the day (based on 14 day Average True Range), to move between JP¥2,080.21 and JP¥2,193.79, which gives a possible trading interval of +/-JP¥56.79 (+/-2.66%) up or down from last closing price. If M3,Inc. takes out the full calculated possible swing range there will be an estimated 5.32% 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¥2,100.00 (1.73%) than the resistance at JP¥2,437.00 (14.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is M3,Inc. stock A Buy?
M3,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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.699 Hold/Accumulate Downgraded
Predicted Opening Price for M3,Inc. of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
JP¥2,150.00 ( 0.608%) | JP¥2,137.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2413.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2,206.00 | 3.23 % | |
R2 | 2,184.61 | 2.23 % | ||
R1 | 2,171.39 | 1.61 % | ||
Current price: | 2,137.00 | |||
Support | S1 | 2,128.61 | -0.393 % | |
S2 | 2,115.39 | -1.01 % | ||
S3 | 2,094.00 | -2.01 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2,507.00 | 17.31 % | |
R2 | 2,469.00 | 15.54 % | ||
R1 | 2,437.00 | 14.04 % | ||
Current price | 2,137.00 | |||
Support | S1 | 2,100.00 | -1.73% | |
S2 | 2,057.00 | -3.74% | ||
S3 | 2,041.00 | -4.49% |
2413 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 28, 2024 | Mar 28, 2024 | Jun 01, 2024 | JP¥21.00 | 0.98% |
2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥19.00 | 0.579% |
3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥16.00 | 0.355% |
4 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥12.00 | 0.161% |
5 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥8.50 | 0.280% |
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