C'sMEN Co.,Ltd. Stock Forecast
Evaluation of C'sMEN Co.,Ltd. stock downgraded after the last trading session.
(Updated on May 01, 2024)
The C'sMEN Co.,Ltd. stock price gained 4.25% on the last trading day (Wednesday, 1st May 2024), rising from JP¥541.00 to JP¥564.00. During the last trading day the stock fluctuated 6.15% from a day low at JP¥537.00 to a day high of JP¥570.00. The price has been going up and down for this period, and there has been a -5.37% loss for the last 2 weeks. Volume fell on the last day by -5 thousand shares and in total, 19 thousand shares were bought and sold for approximately JP¥10.60 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a very 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¥542.67 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 21.02% during the next 3 months and, with a 90% probability hold a price between JP¥656.75 and JP¥958.89 at the end of this 3-month period.
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3083.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 4.83%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The C'sMEN 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¥564.00 and JP¥613.89. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for C'sMEN Co.,Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥499.00 and JP¥490.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, C'sMEN Co.,Ltd. finds support just below today's level at JP¥499.00. If this is broken, then the next support from accumulated volume will be at JP¥490.00 and JP¥484.00.
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¥33.00 between high and low, or 6.15%. For the last week, the stock has had daily average volatility of 5.08%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3083.T) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect C'sMEN Co.,Ltd. to open at JP¥557.00, and during the day (based on 14 day Average True Range), to move between JP¥531.52 and JP¥596.48, which gives a possible trading interval of +/-JP¥32.48 (+/-5.76%) up or down from last closing price. If C'sMEN Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 11.52% 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¥625.00 (10.82%) than the support at JP¥499.00 (11.52%), 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 C'sMEN Co.,Ltd. stock A Buy?
The C'sMEN Co.,Ltd. stock holds several negative signals and despite the positive trend, we believe C'sMEN Co.,Ltd. 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: -1.682 Sell Candidate Downgraded
Predicted Opening Price for C'sMEN Co.,Ltd. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| JP¥557.00 ( 1.24%) | JP¥564.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3083.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 590.00 | 4.61 % | |
| R2 | 577.39 | 2.37 % | ||
| R1 | 569.61 | 0.99 % | ||
| Current price: | 564.00 | |||
| Support | S1 | 544.39 | -3.48 % | |
| S2 | 536.61 | -4.86 % | ||
| S3 | 524.00 | -7.09 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 644.00 | 14.18 % | |
| R2 | 630.00 | 11.70 % | ||
| R1 | 625.00 | 10.82 % | ||
| Current price | 564.00 | |||
| Support | S1 | 499.00 | -11.52% | |
| S2 | 490.00 | -13.12% | ||
| S3 | 484.00 | -14.18% |
3083 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 24, 2017 | Feb 24, 2017 | Feb 24, 2017 | JP¥5.00 | 0.92% |
| 2 | Feb 25, 2016 | Feb 25, 2016 | Feb 25, 2016 | JP¥10.00 | 2.13% |
| 3 | Feb 25, 2015 | Feb 25, 2015 | Feb 25, 2015 | JP¥10.00 | 1.32% |
| 4 | Feb 26, 2013 | Feb 26, 2013 | Feb 26, 2013 | JP¥40.00 | 4.10% |
| 5 | Feb 27, 2012 | Feb 27, 2012 | Feb 27, 2012 | JP¥25.00 | 2.59% |
FAQ
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