MonotaRO Co.,Ltd. Stock Forecast
Weaker technical forecast for MonotaRO Co.,Ltd. as stock downgraded to Sell Candidate.
(Updated on Jul 02, 2024)
The MonotaRO Co.,Ltd. stock price fell by -1.59% on the last day (Tuesday, 2nd Jul 2024) from JP¥1,860.00 to JP¥1,830.50. During the last trading day the stock fluctuated 2.28% from a day low at JP¥1,800.00 to a day high of JP¥1,841.00. The price has been going up and down for this period, and there has been a 0.27% gain for the last 2 weeks. Volume has increased on the last day by 9 thousand 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, 2 million shares were bought and sold for approximately JP¥3.00 billion.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.65% during the next 3 months and, with a 90% probability hold a price between JP¥1,438.64 and JP¥1,807.12 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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3064.T Signals & Forecast
The MonotaRO Co.,Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥1,855.29. On a fall, the stock will find some support from the long-term average at approximately JP¥1,717.40. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Friday, June 28, 2024, and so far it has fallen -3.20%. Further fall is indicated until a new bottom pivot has been found. 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 MonotaRO Co.,Ltd. stock
MonotaRO Co.,Ltd. finds support from accumulated volume at JP¥1,782.50 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¥41.00 between high and low, or 2.28%. For the last week, the stock has had daily average volatility of 2.24%.
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 Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect MonotaRO Co.,Ltd. to open at JP¥1,823.83, and during the day (based on 14 day Average True Range), to move between JP¥1,773.89 and JP¥1,887.11, which gives a possible trading interval of +/-JP¥56.61 (+/-3.09%) up or down from last closing price. If MonotaRO Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 6.19% 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¥1,832.50 (0.11%) than the support at JP¥1,782.50 (2.62%), 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 MonotaRO Co.,Ltd. stock A Buy?
MonotaRO 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -1.449 Sell Candidate Downgraded
Predicted Opening Price for MonotaRO Co.,Ltd. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| JP¥1,823.83 ( 0.364%) | JP¥1,830.50 |
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 | |
|---|---|---|
| R3 | 1,864.83 | 1.88% |
| R2 | 1,849.17 | 1.02% |
| R1 | 1,839.50 | 0.491% |
| Price | 1,830.50 | |
| S1 | 1,808.17 | -1.22% |
| S2 | 1,798.50 | -1.75% |
| S3 | 1,782.83 | -2.60% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,008.00 | 9.70% |
| R2 | 1,866.50 | 1.97% |
| R1 | 1,832.50 | 0.109% |
| Price | 1,830.50 | |
| S1 | 1,782.50 | -2.62% |
| S2 | 1,690.00 | -7.68% |
| S3 | 1,654.50 | -9.61% |
3064 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2024 | Dec 27, 2024 | Dec 27, 2024 | JP¥0 | 0% |
| 2 | Jun 27, 2024 | Jun 27, 2024 | Sep 01, 2024 | JP¥9.00 | 0.492% |
| 3 | Dec 28, 2023 | Dec 28, 2023 | Mar 25, 2024 | JP¥8.00 | 0.456% |
| 4 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥8.00 | 0.433% |
| 5 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥7.00 | 0.377% |
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