CAN DO CO.,LTD. Stock Forecast
CAN DO CO.,LTD. stock price ended at JP¥2,862.00 on Friday, after gaining 1.56%.
(Updated on May 17, 2024)
The CAN DO CO.,LTD. stock price gained 1.56% on the last trading day (Friday, 17th May 2024), rising from JP¥2,818.00 to JP¥2,862.00. During the last trading day the stock fluctuated 1.74% from a day low at JP¥2,814.00 to a day high of JP¥2,863.00. The price has fallen in 6 of the last 10 days but is still up by 0.46% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 12 thousand shares were bought and sold for approximately JP¥33.49 million.
The stock lies in the middle of a weak 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 6.46% during the next 3 months and, with a 90% probability hold a price between JP¥2,963.92 and JP¥3,164.43 at the end of this 3-month period.
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2698.T Signals & Forecast
Mostly positive signals in the chart today. The CAN DO CO.,LTD. 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¥2,832.86 and JP¥2,815.26. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 4.99%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for CAN DO CO.,LTD. stock
CAN DO CO.,LTD. finds support from accumulated volume at JP¥2,855.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved JP¥49.00 between high and low, or 1.74%. For the last week the stock has had daily average volatility of 1.00%.
Our recommended stop-loss: JP¥2,702.87 (-5.56%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (2698.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect CAN DO CO.,LTD. to open at JP¥2,846.33, and during the day (based on 14 day Average True Range), to move between JP¥2,825.50 and JP¥2,898.50, which gives a possible trading interval of +/-JP¥36.50 (+/-1.28%) up or down from last closing price. If CAN DO CO.,LTD. takes out the full calculated possible swing range there will be an estimated 2.55% 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¥2,855.00 (0.24%) than the resistance at JP¥2,896.00 (1.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CAN DO CO.,LTD. stock A Buy?
CAN DO CO.,LTD. holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 7.507 Strong Buy Candidate Unchanged
Predicted Opening Price for CAN DO CO.,LTD. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥2,846.33 ( 0.547%) | JP¥2,862.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2698.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,895.33 | 1.16 % | |
| R2 | 2,876.62 | 0.511 % | ||
| R1 | 2,865.05 | 0.107 % | ||
| Current price: | 2,862.00 | |||
| Support | S1 | 2,827.62 | -1.20 % | |
| S2 | 2,816.05 | -1.61 % | ||
| S3 | 2,797.33 | -2.26 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 2,896.00 | 1.19 % | ||
| Current price | 2,862.00 | |||
| Support | S1 | 2,855.00 | -0.245% | |
| S2 | 2,825.00 | -1.29% | ||
| S3 | 2,789.00 | -2.55% |
2698 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 30, 2023 | Aug 30, 2023 | Aug 30, 2023 | JP¥8.50 | 0.301% |
| 2 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | JP¥8.50 | 0.363% |
| 3 | Nov 29, 2022 | Nov 29, 2022 | Nov 29, 2022 | JP¥8.50 | 0.392% |
| 4 | May 30, 2022 | May 30, 2022 | May 30, 2022 | JP¥8.50 | 0.341% |
| 5 | Nov 29, 2021 | Nov 29, 2021 | Nov 29, 2021 | JP¥8.50 | 0.370% |
FAQ
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