SANKEI REAL ESTATE Inc. Stock Forecast
SANKEI REAL ESTATE Inc. stock downgraded to Sell Candidate
(Updated on May 17, 2024)
The SANKEI REAL ESTATE Inc. stock price fell by -1.35% on the last day (Friday, 17th May 2024) from JP¥88,800.00 to JP¥87,600.00. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.49% from a day low at JP¥87,500.00 to a day high of JP¥88,800.00. The price has fallen in 6 of the last 10 days and is down by -3.84% for this period. Volume has increased on the last day by 189 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, 1 thousand shares were bought and sold for approximately JP¥113.27 million.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥87,400.21 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 5.11% during the next 3 months and, with a 90% probability hold a price between JP¥91,865.34 and JP¥97,922.50 at the end of this 3-month period.
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2972.T Signals & Forecast
There are few to no technical positive signals at the moment. The SANKEI REAL ESTATE Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥89,700.00 and JP¥89,485.71. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -4.37%. Further fall is indicated until a new bottom pivot has been found. 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.
Support, Risk & Stop-loss for SANKEI REAL ESTATE Inc. stock
SANKEI REAL ESTATE Inc. finds support from accumulated volume at JP¥86,100.00 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¥1,300.00 between high and low, or 1.49%. For the last week the stock has had daily average volatility of 1.42%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (2972.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect SANKEI REAL ESTATE Inc. to open at JP¥87,966.67, and during the day (based on 14 day Average True Range), to move between JP¥86,291.95 and JP¥88,908.05, which gives a possible trading interval of +/-JP¥1,308.05 (+/-1.49%) up or down from last closing price. If SANKEI REAL ESTATE Inc. takes out the full calculated possible swing range there will be an estimated 2.99% 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¥88,400.00 (0.91%) than the support at JP¥86,100.00 (1.71%), 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 SANKEI REAL ESTATE Inc. stock A Buy?
The SANKEI REAL ESTATE Inc. stock holds several negative signals and despite the positive trend, we believe SANKEI REAL ESTATE Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.213 Sell Candidate Downgraded
Predicted Opening Price for SANKEI REAL ESTATE Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥87,966.67 ( 0.419%) | JP¥87,600.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2972.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 89,266.67 | 1.90 % | |
| R2 | 88,770.07 | 1.34 % | ||
| R1 | 88,463.27 | 0.99 % | ||
| Current price: | 87,600.00 | |||
| Support | S1 | 87,470.07 | -0.148 % | |
| S2 | 87,163.27 | -0.499 % | ||
| S3 | 86,666.67 | -1.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 88,800.00 | 1.37 % | |
| R2 | 88,700.00 | 1.26 % | ||
| R1 | 88,400.00 | 0.91 % | ||
| Current price | 87,600.00 | |||
| Support | S1 | 86,100.00 | -1.71% | |
| S2 | 85,100.00 | -2.85% | ||
| S3 | 84,800.00 | -3.20% |
2972 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2024 | Aug 29, 2024 | Nov 01, 2024 | JP¥2,208.00 | 2.52% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | JP¥0 | 0% |
| 3 | Aug 30, 2023 | Aug 30, 2023 | Aug 30, 2023 | JP¥2,377.00 | 2.55% |
| 4 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | JP¥2,305.00 | 2.66% |
| 5 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | JP¥3,158.00 | 3.24% |
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