CAWACHI LIMITED Stock Forecast
CAWACHI LIMITED stock upgraded to Strong Buy Candidate.
(Updated on May 17, 2024)
The CAWACHI LIMITED stock price gained 1.33% on the last trading day (Friday, 17th May 2024), rising from JP¥2,785.00 to JP¥2,822.00. During the last trading day the stock fluctuated 2.05% from a day low at JP¥2,780.00 to a day high of JP¥2,837.00. The price has been going up and down for this period, and there has been a 1.07% gain for the last 2 weeks. Volume fell on the last day by -7 thousand shares and in total, 57 thousand shares were bought and sold for approximately JP¥161.70 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at JP¥2,858.56 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect CAWACHI LIMITED stock with a 90% probability to be traded between JP¥2,651.40 and JP¥2,900.19 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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2664.T Signals & Forecast
Mostly positive signals in the chart today. The CAWACHI LIMITED 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¥2,800.43 and JP¥2,696.11. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 15, 2024, and so far it has risen 2.17%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
A buy signal from a double bottom formation was found on Friday, April 26, 2024 with a target of JP¥2,717.75. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for CAWACHI LIMITED stock
CAWACHI LIMITED finds support from accumulated volume at JP¥2,708.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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¥57.00 between high and low, or 2.05%. For the last week, the stock has had daily average volatility of 1.55%.
Our recommended stop-loss: JP¥2,696.76 (-4.44%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (2664.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect CAWACHI LIMITED to open at JP¥2,813.00, and during the day (based on 14 day Average True Range), to move between JP¥2,771.57 and JP¥2,872.43, which gives a possible trading interval of +/-JP¥50.43 (+/-1.79%) up or down from last closing price. If CAWACHI LIMITED takes out the full calculated possible swing range there will be an estimated 3.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at JP¥2,829.00 (0.25%) than the support at JP¥2,708.00 (4.04%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is CAWACHI LIMITED stock A Buy?
CAWACHI LIMITED holds several positive signals and is considered to be a good choice at current levels. We expect the CAWACHI LIMITED stock to perform great in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.516 Strong Buy Candidate Upgraded
Predicted Opening Price for CAWACHI LIMITED of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥2,813.00 ( 0.319%) | JP¥2,822.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2664.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,870.00 | 1.70 % | |
| R2 | 2,848.23 | 0.93 % | ||
| R1 | 2,834.77 | 0.453 % | ||
| Current price: | 2,822.00 | |||
| Support | S1 | 2,791.23 | -1.09 % | |
| S2 | 2,777.77 | -1.57 % | ||
| S3 | 2,756.00 | -2.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,853.00 | 1.10 % | |
| R2 | 2,848.00 | 0.92 % | ||
| R1 | 2,829.00 | 0.248 % | ||
| Current price | 2,822.00 | |||
| Support | S1 | 2,708.00 | -4.04% | |
| S2 | 2,650.00 | -6.09% | ||
| S3 | 2,625.00 | -6.98% |
2664 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 13, 2025 | Mar 13, 2025 | Mar 13, 2025 | JP¥0 | 0% |
| 2 | Mar 14, 2023 | Mar 14, 2023 | Mar 14, 2023 | JP¥50.00 | 2.28% |
| 3 | Mar 14, 2022 | Mar 14, 2022 | Mar 14, 2022 | JP¥50.00 | 2.18% |
| 4 | Mar 12, 2021 | Mar 12, 2021 | Mar 12, 2021 | JP¥5.00 | 0.177% |
| 5 | Mar 12, 2020 | Mar 12, 2020 | Mar 12, 2020 | JP¥45.00 | 2.41% |
FAQ
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