Gurunavi,Inc. Stock Forecast
Weaker technical forecast for Gurunavi,Inc. as stock downgraded to Hold/Accumulate.
(Updated on Jun 19, 2024)
The Gurunavi,Inc. stock price fell by -3.96% on the last day (Wednesday, 19th Jun 2024) from JP¥328.00 to JP¥315.00. During the last trading day the stock fluctuated 4.14% from a day low at JP¥314.00 to a day high of JP¥327.00. The price has been going up and down for this period, and there has been a 0.32% 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 -37 thousand shares and in total, 230 thousand shares were bought and sold for approximately JP¥72.54 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Gurunavi,Inc. stock with a 90% probability to be traded between JP¥299.38 and JP¥343.68 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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2440.T Signals & Forecast
The Gurunavi,Inc. 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¥318.00. On a fall, the stock will find some support from the long-term average at approximately JP¥314.09. 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. 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. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -3.96%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
A sell signal from a double top formation was found on Friday, May 10, 2024 and based on theory for this formation the price should fall by -13.76% to JP¥271.67 within 15 trading days since signal was issued (Thursday, June 20, 2024).
Support, Risk & Stop-loss for Gurunavi,Inc. stock
Gurunavi,Inc. finds support from accumulated volume at JP¥310.00 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¥13.00 (4.14%) between high and low. For the last week, the stock has had daily average volatility of 4.06%.
Our recommended stop-loss: JP¥301.66 (-4.24%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (2440.T) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Gurunavi,Inc. to open at JP¥318.67, and during the day (based on 14 day Average True Range), to move between JP¥302.98 and JP¥327.02, which gives a possible trading interval of +/-JP¥12.02 (+/-3.82%) up or down from last closing price. If Gurunavi,Inc. takes out the full calculated possible swing range there will be an estimated 7.63% 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¥310.00 (1.59%) than the resistance at JP¥326.00 (3.49%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Gurunavi,Inc. stock A Buy?
Gurunavi,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: 0.252 Hold/Accumulate Downgraded
Predicted Opening Price for Gurunavi,Inc. of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| JP¥318.67 ( 1.16%) | JP¥315.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2440.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 331.67 | 5.29% |
| R2 | 326.70 | 3.71% |
| R1 | 323.63 | 2.74% |
| Price | 315.00 | |
| S1 | 313.70 | -0.412% |
| S2 | 310.63 | -1.39% |
| S3 | 305.67 | -2.96% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 337.00 | 6.98% |
| R2 | 335.00 | 6.35% |
| R1 | 326.00 | 3.49% |
| Price | 315.00 | |
| S1 | 310.00 | -1.59% |
| S2 | 309.00 | -1.90% |
| S3 | 305.00 | -3.17% |
2440 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥4.00 | 0.707% |
| 2 | Sep 27, 2019 | Sep 27, 2019 | Sep 27, 2019 | JP¥4.00 | 0.537% |
| 3 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥3.00 | 0.412% |
| 4 | Sep 26, 2018 | Sep 26, 2018 | Sep 26, 2018 | JP¥5.00 | 0.525% |
| 5 | Mar 28, 2018 | Mar 28, 2018 | Mar 28, 2018 | JP¥22.00 | 1.50% |
FAQ
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