ValueCommerce Co.,Ltd. Stock Forecast
ValueCommerce Co.,Ltd. stock downgraded from Buy Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Jun 25, 2024)
The ValueCommerce Co.,Ltd. stock price fell by -1.31% on the last day (Tuesday, 25th Jun 2024) from JP¥1,218.00 to JP¥1,202.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.25% from a day low at JP¥1,197.00 to a day high of JP¥1,212.00. The price has fallen in 7 of the last 10 days and is down by -0.66% for this period. Volume has increased on the last day by 19 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, 154 thousand shares were bought and sold for approximately JP¥184.63 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 19.42% during the next 3 months and, with a 90% probability hold a price between JP¥1,328.97 and JP¥1,507.04 at the end of this 3-month period.
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2491.T Signals & Forecast
The ValueCommerce Co.,Ltd. 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¥1,225.57. On a fall, the stock will find some support from the long-term average at approximately JP¥1,154.34. 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. 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 Thursday, June 20, 2024, and so far it has fallen -3.99%. 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 ValueCommerce Co.,Ltd. stock
ValueCommerce Co.,Ltd. finds support from accumulated volume at JP¥1,179.00 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¥15.00 (1.25%) between high and low. For the last week, the stock has had daily average volatility of 1.77%.
Our recommended stop-loss: JP¥1,164.74 (-3.10%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 22 days ago.)
Trading Expectations (2491.T) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect ValueCommerce Co.,Ltd. to open at JP¥1,203.67, and during the day (based on 14 day Average True Range), to move between JP¥1,173.95 and JP¥1,230.05, which gives a possible trading interval of +/-JP¥28.05 (+/-2.33%) up or down from last closing price. If ValueCommerce Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 4.67% 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¥1,179.00 (1.91%) than the resistance at JP¥1,228.00 (2.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ValueCommerce Co.,Ltd. stock A Buy?
ValueCommerce Co.,Ltd. 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. 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: 0.768 Hold/Accumulate Downgraded
Predicted Opening Price for ValueCommerce Co.,Ltd. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| JP¥1,203.67 ( 0.139%) | JP¥1,202.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2491.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,218.67 | 1.39% |
| R2 | 1,212.94 | 0.91% |
| R1 | 1,209.40 | 0.615% |
| Price | 1,202.00 | |
| S1 | 1,197.94 | -0.338% |
| S2 | 1,194.40 | -0.633% |
| S3 | 1,188.67 | -1.11% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,252.00 | 4.16% |
| R2 | 1,230.00 | 2.33% |
| R1 | 1,228.00 | 2.16% |
| Price | 1,202.00 | |
| S1 | 1,179.00 | -1.91% |
| S2 | 1,166.00 | -3.00% |
| S3 | 1,140.00 | -5.16% |
2491 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Sep 01, 2024 | JP¥25.00 | 2.08% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Mar 05, 2024 | JP¥28.00 | 2.56% |
| 3 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥25.00 | 1.82% |
| 4 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥29.00 | 1.62% |
| 5 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥27.00 | 0.86% |
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