M3,Inc. Stock Forecast
Weaker technical forecast for M3,Inc. as stock downgraded to Strong Sell Candidate.
(Updated on Apr 19, 2024)
The M3,Inc. stock price fell by -4.99% on the last day (Friday, 19th Apr 2024) from JP¥1,883.50 to JP¥1,789.50. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 4.50% from a day low at JP¥1,776.50 to a day high of JP¥1,856.50. The price has fallen in 7 of the last 10 days and is down by -12.06% for this period. Volume has increased on the last day by 4 million 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, 6 million shares were bought and sold for approximately JP¥10.11 billion.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥1,740.26 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -12.09% during the next 3 months and, with a 90% probability hold a price between JP¥1,529.88 and JP¥1,781.14 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
There are few to no technical positive signals at the moment. The M3,Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥1,907.14 and JP¥2,060.04. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, February 28, 2024, and so far it has fallen -18.31%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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¥80.00 between high and low, or 4.50%. For the last week, the stock has had daily average volatility of 3.40%.
M3,Inc. is oversold on RSI14 (14). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (2413.T) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect M3,Inc. to open at JP¥1,807.50, and during the day (based on 14 day Average True Range), to move between JP¥1,724.17 and JP¥1,854.83, which gives a possible trading interval of +/-JP¥65.33 (+/-3.65%) up or down from last closing price. If M3,Inc. takes out the full calculated possible swing range there will be an estimated 7.30% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ JP¥2,041.00, some JP¥251.50 (14.05%) from the current price of JP¥1,789.50, our system finds the risk reward not very attractive.
Earnings coming up
M3,Inc. will release earnings BMO on Friday, April 26, 2024.The consensus among the analysts for the expected earnings (EPS) is $16.38. We will update the financials statements for M3,Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.81% in the first trading day after earnings release.
Is M3,Inc. stock A Buy?
M3,Inc. holds several negative signals and is within a wide and falling trend, so we believe 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 Sell to a Strong Sell candidate.
Current score: -6.698 Strong Sell Candidate Downgraded
Predicted Opening Price for M3,Inc. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| JP¥1,807.50 ( 1.01%) | JP¥1,789.50 |
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 | 1,887.50 | 5.48 % | |
| R2 | 1,856.94 | 3.77 % | ||
| R1 | 1,838.06 | 2.71 % | ||
| Current price: | 1,789.50 | |||
| Support | S1 | 1,776.94 | -0.702 % | |
| S2 | 1,758.06 | -1.76 % | ||
| S3 | 1,727.50 | -3.46 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,100.00 | 17.35 % | |
| R2 | 2,057.00 | 14.95 % | ||
| R1 | 2,041.00 | 14.05 % | ||
| Current price | 1,789.50 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
2413 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Jun 01, 2024 | JP¥21.00 | 1.17% |
| 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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