ABC-MART,INC. Stock Forecast
ABC-MART,INC. stock price ended at JP¥3,159.00 on Wednesday, after losing 1.74%.
(Updated on May 15, 2024)
The ABC-MART,INC. stock price fell by -1.74% on the last day (Wednesday, 15th May 2024) from JP¥3,215.00 to JP¥3,159.00. During the last trading day the stock fluctuated 2.50% from a day low at JP¥3,159.00 to a day high of JP¥3,238.00. The price has been going up and down for this period, and there has been a 0.77% gain for the last 2 weeks. Volume has increased on the last day by 49 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, 473 thousand shares were bought and sold for approximately JP¥1.49 billion.
The stock lies in the lower part of a narrow and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥3,141.41 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 27.16% during the next 3 months and, with a 90% probability hold a price between JP¥3,994.57 and JP¥4,146.67 at the end of this 3-month period.
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2670.T Signals & Forecast
A sell signal was issued from a pivot top point on Friday, May 10, 2024, and so far it has fallen -2.05%. 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. Some positive signals were issued as well, and these may have some influence on the near short-term development. The ABC-MART,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¥3,182.29. On a fall, the stock will find some support from the long-term average at approximately JP¥3,038.79. 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.
Support, Risk & Stop-loss for ABC-MART,INC. stock
ABC-MART,INC. finds support from accumulated volume at JP¥3,096.00 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¥79.00 (2.50%) between high and low. For the last week, the stock has had daily average volatility of 2.23%.
Our recommended stop-loss: JP¥3,044.14 (-3.64%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (2670.T) For The Upcoming Trading Day Of Thursday 16th
For the upcoming trading day on Thursday, 16th we expect ABC-MART,INC. to open at JP¥3,185.33, and during the day (based on 14 day Average True Range), to move between JP¥3,085.43 and JP¥3,232.57, which gives a possible trading interval of +/-JP¥73.57 (+/-2.33%) up or down from last closing price. If ABC-MART,INC. takes out the full calculated possible swing range there will be an estimated 4.66% 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¥3,170.00 (0.35%) than the support at JP¥3,096.00 (1.99%), 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 ABC-MART,INC. stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.270 Buy Candidate Unchanged
Predicted Opening Price for ABC-MART,INC. of Thursday, May 16, 2024
| Fair opening price May 16, 2024 | Current price |
|---|---|
| JP¥3,185.33 ( 0.83%) | JP¥3,159.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2670.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,264.33 | 3.33 % | |
| R2 | 3,234.16 | 2.38 % | ||
| R1 | 3,215.51 | 1.79 % | ||
| Current price: | 3,159.00 | |||
| Support | S1 | 3,155.16 | -0.122 % | |
| S2 | 3,136.51 | -0.712 % | ||
| S3 | 3,106.33 | -1.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,185.00 | 0.82 % | |
| R2 | 3,175.00 | 0.506 % | ||
| R1 | 3,170.00 | 0.348 % | ||
| Current price | 3,159.00 | |||
| Support | S1 | 3,096.00 | -1.99% | |
| S2 | 3,008.00 | -4.78% | ||
| S3 | 2,560.50 | -18.95% |
2670 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2024 | Aug 29, 2024 | Aug 29, 2024 | JP¥0 | 0% |
| 2 | Aug 30, 2023 | Aug 30, 2023 | Aug 30, 2023 | JP¥28.33 | 1.08% |
| 3 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | JP¥85.00 | 3.81% |
| 4 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | JP¥85.00 | 4.58% |
| 5 | Feb 25, 2022 | Feb 25, 2022 | Feb 25, 2022 | JP¥85.00 | 5.17% |
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