FTGroup CO.,LTD. Stock Forecast
Red day on Friday for FTGroup CO.,LTD.
(Updated on Jun 28, 2024)
The FTGroup CO.,LTD. stock price fell by -0.172% on the last day (Friday, 28th Jun 2024) from JP¥1,161.00 to JP¥1,159.00. During the last trading day the stock fluctuated 1.13% from a day low at JP¥1,150.00 to a day high of JP¥1,163.00. The price has fallen in 6 of the last 10 days but is still up by 1.85% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -7 thousand shares and in total, 10 thousand shares were bought and sold for approximately JP¥11.59 million.
The stockhas broken the falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is JP¥1,127.11, a level that may pose a second chance to hit a runner. According to fan-theory JP¥1,198.87 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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2763.T Signals & Forecast
The FTGroup CO.,LTD. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥1,148.57 and JP¥1,153.09. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -1.70%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for FTGroup CO.,LTD. stock
FTGroup CO.,LTD. finds support from accumulated volume at JP¥1,153.00 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¥13.00 between high and low, or 1.13%. For the last week the stock has had daily average volatility of 1.05%.
Our recommended stop-loss: JP¥1,111.95 (-4.06%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 30 days ago.)
Trading Expectations (2763.T) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect FTGroup CO.,LTD. to open at JP¥1,157.33, and during the day (based on 14 day Average True Range), to move between JP¥1,146.20 and JP¥1,171.80, which gives a possible trading interval of +/-JP¥12.80 (+/-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 2.21% 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¥1,153.00 (0.52%) than the resistance at JP¥1,173.00 (1.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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.
Current score: 0.375 Hold/Accumulate Unchanged
Predicted Opening Price for FTGroup CO.,LTD. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| JP¥1,157.33 ( 0.144%) | JP¥1,159.00 |
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 | 1,170.33 | 0.98% |
| R2 | 1,165.37 | 0.549% |
| R1 | 1,162.30 | 0.285% |
| Price | 1,159.00 | |
| S1 | 1,152.37 | -0.572% |
| S2 | 1,149.30 | -0.84% |
| S3 | 1,144.33 | -1.27% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,235.00 | 6.56% |
| R2 | 1,223.00 | 5.52% |
| R1 | 1,173.00 | 1.21% |
| Price | 1,159.00 | |
| S1 | 1,153.00 | -0.518% |
| S2 | 1,126.00 | -2.85% |
| S3 | 1,113.00 | -3.97% |
2763 Dividend Payout History
| # | 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
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