SALA CORPORATION Stock Forecast
SALA CORPORATION stock price ended at JP¥784.00 on Thursday, after losing 0.127%.
(Updated on May 02, 2024)
The SALA CORPORATION stock price fell by -0.127% on the last day (Thursday, 2nd May 2024) from JP¥785.00 to JP¥784.00. During the last trading day the stock fluctuated 0.769% from a day low at JP¥780.00 to a day high of JP¥786.00. The price has been going up and down for this period, and there has been a 0.38% gain for the last 2 weeks. Volume has increased on the last day by 5 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, 38 thousand shares were bought and sold for approximately JP¥29.40 million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at JP¥777.05 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect SALA CORPORATION stock with a 90% probability to be traded between JP¥784.02 and JP¥883.36 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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2734.T Signals & Forecast
The SALA CORPORATION stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥786.71 and JP¥813.51. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.03%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for SALA CORPORATION stock
SALA CORPORATION finds support from accumulated volume at JP¥781.00 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¥6.00 between high and low, or 0.769%. For the last week, the stock has had daily average volatility of 1.08%.
Our recommended stop-loss: JP¥744.70 (-5.01%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (2734.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect SALA CORPORATION to open at JP¥783.33, and during the day (based on 14 day Average True Range), to move between JP¥771.82 and JP¥796.18, which gives a possible trading interval of +/-JP¥12.18 (+/-1.55%) up or down from last closing price. If SALA CORPORATION takes out the full calculated possible swing range there will be an estimated 3.11% 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¥781.00 (0.38%) than the resistance at JP¥792.00 (1.02%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SALA CORPORATION 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: 1.748 Buy Candidate Unchanged
Predicted Opening Price for SALA CORPORATION of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥783.33 ( 0.0850%) | JP¥784.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2734.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 789.33 | 0.680 % | |
| R2 | 787.04 | 0.388 % | ||
| R1 | 785.63 | 0.207 % | ||
| Current price: | 784.00 | |||
| Support | S1 | 781.04 | -0.377 % | |
| S2 | 779.63 | -0.558 % | ||
| S3 | 777.33 | -0.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 809.00 | 3.19 % | |
| R2 | 803.00 | 2.42 % | ||
| R1 | 792.00 | 1.02 % | ||
| Current price | 784.00 | |||
| Support | S1 | 781.00 | -0.383% | |
| S2 | 776.00 | -1.02% | ||
| S3 | 775.00 | -1.15% |
2734 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | May 30, 2024 | JP¥0 | 0% |
| 2 | May 30, 2023 | May 30, 2023 | May 30, 2023 | JP¥13.00 | 1.74% |
| 3 | Nov 29, 2022 | Nov 29, 2022 | Nov 29, 2022 | JP¥2.00 | 0.269% |
| 4 | May 30, 2022 | May 30, 2022 | May 30, 2022 | JP¥11.00 | 1.74% |
| 5 | Nov 29, 2021 | Nov 29, 2021 | Nov 29, 2021 | JP¥13.00 | 2.30% |
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