Gurunavi,Inc. Stock Forecast
Gurunavi,Inc. stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 21, 2024)
The Gurunavi,Inc. stock price fell by -1.61% on the last day (Friday, 21st Jun 2024) from JP¥310.00 to JP¥305.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.95% from a day low at JP¥305.00 to a day high of JP¥314.00. The price has fallen in 6 of the last 10 days and is down by -4.98% for this period. Volume has increased on the last day by 13 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, 182 thousand shares were bought and sold for approximately JP¥55.36 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¥295.90 and JP¥338.35 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
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. The Gurunavi,Inc. 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¥315.57 and JP¥313.63. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -7.01%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
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 -10.93% to JP¥271.67 within 15 trading days since signal was issued (Friday, May 31, 2024).
Support, Risk & Stop-loss for Gurunavi,Inc. stock
Gurunavi,Inc. finds support from accumulated volume at JP¥304.00 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¥9.00 (2.95%) between high and low. For the last week, the stock has had daily average volatility of 3.07%.
Our recommended stop-loss: JP¥294.57 (-3.42%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (2440.T) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Gurunavi,Inc. to open at JP¥308.00, and during the day (based on 14 day Average True Range), to move between JP¥293.48 and JP¥316.52, which gives a possible trading interval of +/-JP¥11.52 (+/-3.78%) up or down from last closing price. If Gurunavi,Inc. takes out the full calculated possible swing range there will be an estimated 7.56% 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¥304.00 (0.33%) than the resistance at JP¥309.00 (1.31%), 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 negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.776 Hold/Accumulate Upgraded
Predicted Opening Price for Gurunavi,Inc. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| JP¥308.00 ( 0.98%) | JP¥305.00 |
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 | 317.00 | 3.93% |
| R2 | 313.56 | 2.81% |
| R1 | 311.44 | 2.11% |
| Price | 305.00 | |
| S1 | 304.56 | -0.144% |
| S2 | 302.44 | -0.84% |
| S3 | 299.00 | -1.97% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 315.00 | 3.28% |
| R2 | 310.00 | 1.64% |
| R1 | 309.00 | 1.31% |
| Price | 305.00 | |
| S1 | 304.00 | -0.328% |
| S2 | 302.00 | -0.98% |
| S3 | 299.00 | -1.97% |
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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