MonotaRO Co.,Ltd. Stock Forecast
MonotaRO Co.,Ltd. stock price up 1.18% on Friday
(Updated on May 10, 2024)
The MonotaRO Co.,Ltd. stock price gained 1.18% on the last trading day (Friday, 10th May 2024), rising from JP¥1,784.00 to JP¥1,805.00. During the last trading day the stock fluctuated 2.03% from a day low at JP¥1,772.50 to a day high of JP¥1,808.50. The price has been going up and down for this period, and there has been a -4.07% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 30 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately JP¥2.96 billion.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥1,793.29 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 32.95% during the next 3 months and, with a 90% probability hold a price between JP¥2,384.20 and JP¥2,891.68 at the end of this 3-month period.
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3064.T Signals & Forecast
Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The MonotaRO 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¥1,828.50 and JP¥1,842.11. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -10.51%. 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).
Support, Risk & Stop-loss for MonotaRO Co.,Ltd. stock
MonotaRO Co.,Ltd. finds support from accumulated volume at JP¥1,792.50 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¥36.00 between high and low, or 2.03%. For the last week, the stock has had daily average volatility of 2.39%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3064.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect MonotaRO Co.,Ltd. to open at JP¥1,795.33, and during the day (based on 14 day Average True Range), to move between JP¥1,733.91 and JP¥1,876.09, which gives a possible trading interval of +/-JP¥71.09 (+/-3.94%) up or down from last closing price. If MonotaRO Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 7.88% 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¥1,792.50 (0.69%) than the resistance at JP¥1,823.00 (1.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is MonotaRO Co.,Ltd. stock A Buy?
The MonotaRO Co.,Ltd. stock holds several negative signals and despite the positive trend, we believe MonotaRO Co.,Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.160 Sell Candidate Unchanged
Predicted Opening Price for MonotaRO Co.,Ltd. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥1,795.33 ( 0.536%) | JP¥1,805.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3064.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,831.33 | 1.46 % | |
| R2 | 1,817.58 | 0.697 % | ||
| R1 | 1,809.09 | 0.226 % | ||
| Current price: | 1,805.00 | |||
| Support | S1 | 1,781.58 | -1.30 % | |
| S2 | 1,773.09 | -1.77 % | ||
| S3 | 1,759.33 | -2.53 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,008.00 | 11.25 % | |
| R2 | 1,832.50 | 1.52 % | ||
| R1 | 1,823.00 | 1.00 % | ||
| Current price | 1,805.00 | |||
| Support | S1 | 1,792.50 | -0.693% | |
| S2 | 1,782.50 | -1.25% | ||
| S3 | 1,447.50 | -19.81% |
3064 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jun 27, 2024 | JP¥0 | 0% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥8.00 | 0.433% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥7.00 | 0.377% |
| 4 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥6.50 | 0.325% |
| 5 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥5.75 | 0.274% |
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