RACCOON HOLDINGS,Inc. Stock Forecast
Red day on Wednesday for RACCOON HOLDINGS,Inc. stock after losing 1.42%
(Updated on Jun 26, 2024)
The RACCOON HOLDINGS,Inc. stock price fell by -1.42% on the last day (Wednesday, 26th Jun 2024) from JP¥563.00 to JP¥555.00. During the last trading day the stock fluctuated 1.63% from a day low at JP¥551.00 to a day high of JP¥560.00. The price has been going up and down for this period, and there has been a -11.48% loss for the last 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 -17 thousand shares and in total, 152 thousand shares were bought and sold for approximately JP¥84.08 million.
The stock lies in the lower of a very 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¥530.37 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -5.75% during the next 3 months and, with a 90% probability hold a price between JP¥499.85 and JP¥630.38 at the end of this 3-month period.
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3031.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 4.13%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The RACCOON HOLDINGS,Inc. 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¥630.29. On a fall, the stock will find some support from the short-term average at JP¥550.71. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 RACCOON HOLDINGS,Inc. stock
RACCOON HOLDINGS,Inc. finds support from accumulated volume at JP¥546.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved JP¥9.00 between high and low, or 1.63%. For the last week, the stock has had daily average volatility of 2.77%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3031.T) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect RACCOON HOLDINGS,Inc. to open at JP¥555.33, and during the day (based on 14 day Average True Range), to move between JP¥534.30 and JP¥575.70, which gives a possible trading interval of +/-JP¥20.70 (+/-3.73%) up or down from last closing price. If RACCOON HOLDINGS,Inc. takes out the full calculated possible swing range there will be an estimated 7.46% 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¥560.00 (0.90%) than the support at JP¥546.00 (1.62%), 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 RACCOON HOLDINGS,Inc. stock A Buy?
RACCOON HOLDINGS,Inc. 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: -2.175 Sell Candidate Unchanged
Predicted Opening Price for RACCOON HOLDINGS,Inc. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| JP¥555.33 ( 0.0601%) | JP¥555.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3031.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 564.33 | 1.68% |
| R2 | 560.90 | 1.06% |
| R1 | 558.77 | 0.680% |
| Price | 555.00 | |
| S1 | 551.90 | -0.559% |
| S2 | 549.77 | -0.94% |
| S3 | 546.33 | -1.56% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 653.00 | 17.66% |
| R2 | 606.00 | 9.19% |
| R1 | 560.00 | 0.90% |
| Price | 555.00 | |
| S1 | 546.00 | -1.62% |
| S2 | 544.00 | -1.98% |
| S3 | 533.00 | -3.96% |
3031 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 30, 2024 | Oct 30, 2024 | Oct 30, 2024 | JP¥0 | 0% |
| 2 | Apr 26, 2024 | Apr 26, 2024 | Jul 01, 2024 | JP¥5.00 | 0.90% |
| 3 | Oct 30, 2023 | Oct 30, 2023 | Jan 09, 2024 | JP¥9.00 | 1.38% |
| 4 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | JP¥9.00 | 1.22% |
| 5 | Oct 28, 2022 | Oct 28, 2022 | Oct 28, 2022 | JP¥9.00 | 0.745% |
FAQ
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