DAIKOKUTENBUSSAN CO.,LTD. Stock Forecast
Green day on Thursday for DAIKOKUTENBUSSAN CO.,LTD.
(Updated on May 09, 2024)
The DAIKOKUTENBUSSAN CO.,LTD. stock price gained 0.127% on the last trading day (Thursday, 9th May 2024), rising from JP¥7,880.00 to JP¥7,890.00. During the last trading day the stock fluctuated 2.17% from a day low at JP¥7,820.00 to a day high of JP¥7,990.00. The price has fallen in 7 of the last 10 days and is down by -7.18% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 18 thousand more shares were traded than the day before. In total, 81 thousand shares were bought and sold for approximately JP¥636.72 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥7,862.09 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -9.73% during the next 3 months and, with a 90% probability hold a price between JP¥7,096.74 and JP¥8,546.68 at the end of this 3-month period.
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2791.T Signals & Forecast
There are mixed signals in the stock today. The DAIKOKUTENBUSSAN CO.,LTD. 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¥7,967.14 and JP¥8,866.29. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, May 08, 2024, and so far it has risen 0.127%. 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 DAIKOKUTENBUSSAN CO.,LTD. stock
DAIKOKUTENBUSSAN CO.,LTD. finds support from accumulated volume at JP¥7,880.00 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¥170.00 between high and low, or 2.17%. For the last week, the stock has had daily average volatility of 2.11%.
DAIKOKUTENBUSSAN CO.,LTD. is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (2791.T) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect DAIKOKUTENBUSSAN CO.,LTD. to open at JP¥7,900.00, and during the day (based on 14 day Average True Range), to move between JP¥7,622.86 and JP¥8,157.14, which gives a possible trading interval of +/-JP¥267.14 (+/-3.39%) up or down from last closing price. If DAIKOKUTENBUSSAN CO.,LTD. takes out the full calculated possible swing range there will be an estimated 6.77% 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¥7,880.00 (0.13%) than the resistance at JP¥7,930.00 (0.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is DAIKOKUTENBUSSAN CO.,LTD. stock A Buy?
DAIKOKUTENBUSSAN CO.,LTD. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.294 Sell Candidate Unchanged
Predicted Opening Price for DAIKOKUTENBUSSAN CO.,LTD. of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| JP¥7,900.00 ( 0.127%) | JP¥7,890.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2791.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8,070.00 | 2.28 % | |
| R2 | 8,005.06 | 1.46 % | ||
| R1 | 7,964.94 | 0.95 % | ||
| Current price: | 7,890.00 | |||
| Support | S1 | 7,835.06 | -0.696 % | |
| S2 | 7,794.94 | -1.20 % | ||
| S3 | 7,730.00 | -2.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9,280.00 | 17.62 % | |
| R2 | 8,820.00 | 11.79 % | ||
| R1 | 7,930.00 | 0.507 % | ||
| Current price | 7,890.00 | |||
| Support | S1 | 7,880.00 | -0.127% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
2791 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2023 | May 30, 2023 | May 30, 2023 | JP¥29.00 | 0.563% |
| 2 | May 30, 2022 | May 30, 2022 | May 30, 2022 | JP¥29.00 | 0.635% |
| 3 | May 28, 2021 | May 28, 2021 | May 28, 2021 | JP¥27.00 | 0.363% |
| 4 | May 28, 2020 | May 28, 2020 | May 28, 2020 | JP¥27.00 | 0.678% |
| 5 | May 29, 2019 | May 29, 2019 | May 29, 2019 | JP¥25.00 | 0.713% |
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