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RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of 2763.T
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FTGroup CO.,LTD. stock upgraded to Hold/Accumulate.
(Updated on Jun 25, 2024)

Hold candidate since Jun 25, 2024 PDF

The FTGroup CO.,LTD. stock price gained 1.06% on the last trading day (Tuesday, 25th Jun 2024), rising from JP¥1,132.00 to JP¥1,144.00. During the last trading day the stock fluctuated 1.06% from a day low at JP¥1,136.00 to a day high of JP¥1,148.00. The price has fallen in 6 of the last 10 days but is still up by 0.7% over the past 2 weeks. Volume fell on the last day by -6 thousand shares and in total, 12 thousand shares were bought and sold for approximately JP¥14.19 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 stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at JP¥1,156.29 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -10.08% during the next 3 months and, with a 90% probability hold a price between JP¥950.07 and JP¥1,039.75 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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2763.T Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, May 17, 2024, and so far it has risen 2.79%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The FTGroup CO.,LTD. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥1,157.94. On a fall, the stock will find some support from the short-term average at JP¥1,137.43. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for FTGroup CO.,LTD. stock

FTGroup CO.,LTD. finds support from accumulated volume at JP¥1,132.00 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¥12.00 between high and low, or 1.06%. For the last week the stock has had daily average volatility of 0.794%.

Our recommended stop-loss: JP¥1,091.64 (-4.58%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 38 days ago.)

Trading Expectations (2763.T) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect FTGroup CO.,LTD. to open at JP¥1,142.67, and during the day (based on 14 day Average True Range), to move between JP¥1,131.41 and JP¥1,156.59, which gives a possible trading interval of +/-JP¥12.59 (+/-1.10%) up or down from last closing price. If FTGroup CO.,LTD. takes out the full calculated possible swing range there will be an estimated 2.20% 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¥1,153.00 (0.79%) than the support at JP¥1,132.00 (1.05%), 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 FTGroup CO.,LTD. stock A Buy?

FTGroup CO.,LTD. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.028 Hold/Accumulate Upgraded

Predicted Opening Price for FTGroup CO.,LTD. of Wednesday, June 26, 2024

Fair opening price June 26, 2024 Current price
JP¥1,142.67 ( 0.117%) JP¥1,144.00

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 2763.T

Fibonacci Support & Resistance Levels

Level Price
R3 1,154.67 0.93%
R2 1,150.08 0.532%
R1 1,147.25 0.284%
Price 1,144.00
S1 1,138.08 -0.517%
S2 1,135.25 -0.765%
S3 1,130.67 -1.17%

Accumulated Volume Support & Resistance Levels

Level Price
R3 1,257.00 9.88%
R2 1,173.00 2.53%
R1 1,153.00 0.787%
Price 1,144.00
S1 1,132.00 -1.05%
S2 1,126.00 -1.57%
S3 1,113.00 -2.71%

2763 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Sep 27, 2024 Sep 27, 2024 Sep 27, 2024 JP¥0 0%
2 Mar 28, 2024 Mar 28, 2024 Jun 21, 2024 JP¥35.00 3.07%
3 Sep 28, 2023 Sep 28, 2023 Dec 08, 2023 JP¥20.00 1.63%
4 Mar 30, 2023 Mar 30, 2023 Mar 30, 2023 JP¥35.00 3.16%
5 Sep 29, 2022 Sep 29, 2022 Sep 29, 2022 JP¥20.00 2.35%

FAQ

What is the symbol for FTGroup CO.,LTD. Stock and on which exchange is it traded?
The symbol for FTGroup CO.,LTD. is 2763.T and it is traded on the TYO (Tokyo Stock Exchange).

Should I buy or sell FTGroup CO.,LTD. Stock?
FTGroup CO.,LTD. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy FTGroup CO.,LTD. Stock?
FTGroup CO.,LTD. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy FTGroup CO.,LTD. Stock.

What's the current price of FTGroup CO.,LTD. Stock?
As of the end of day on the Jun 25, 2024, the price of an FTGroup CO.,LTD. (2763.T) share was JP¥1,144.00.

What is the 52-week high and low for FTGroup CO.,LTD. Stock?
The 52-week high for FTGroup CO.,LTD. Stock is JP¥1,361.00 and the 52-week low is JP¥1,033.00.

What is the market capitalization of FTGroup CO.,LTD. Stock?
As of the Jun 25, 2024, the market capitalization of FTGroup CO.,LTD. is 33.592B.
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About FTGroup CO.,LTD.

FTGroup FTGroup Co., Ltd. supplies communication devices to small and medium-sized enterprises in Japan and internationally. The company offers business phones, office automation equipment, air conditioning equipment, corporate mobiles, water faucet equipment, marking supplies or printer consumables, LED lights, and photo voltaic systems, as well as optical fiber line, Internet, ISP, and broadband services. It is also involved in the installation, mainte... 2763.T Profile

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