The Monogatari Corporation Stock Forecast
The Monogatari Corporation stock downgraded from Buy Candidate to Sell Candidate after Thursday trading session.
(Updated on Mar 28, 2024)
The The Monogatari Corporation stock price fell by -1.90% on the last day (Thursday, 28th Mar 2024) from JP¥4,730.00 to JP¥4,640.00. During the last trading day the stock fluctuated 2.16% from a day low at JP¥4,630.00 to a day high of JP¥4,730.00. The price has risen in 6 of the last 10 days and is up by 4.74% over the past 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 -70 thousand shares and in total, 151 thousand shares were bought and sold for approximately JP¥701.10 million.
The stock lies in the middle of a 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 -9.12% during the next 3 months and, with a 90% probability hold a price between JP¥3,944.72 and JP¥4,601.46 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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3097.T Signals & Forecast
There are mixed signals in the stock today. The The Monogatari Corporation 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¥4,663.57 and JP¥4,675.00. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 4.74%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for The Monogatari Corporation stock
The Monogatari Corporation finds support from accumulated volume at JP¥4,625.00 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¥100.00 between high and low, or 2.16%. For the last week the stock has had daily average volatility of 2.62%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3097.T) For The Upcoming Trading Day Of Friday 29th
For the upcoming trading day on Friday, 29th we expect The Monogatari Corporation to open at JP¥4,666.67, and during the day (based on 14 day Average True Range), to move between JP¥4,515.81 and JP¥4,764.19, which gives a possible trading interval of +/-JP¥124.19 (+/-2.68%) up or down from last closing price. If The Monogatari Corporation takes out the full calculated possible swing range there will be an estimated 5.35% 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¥4,625.00 (0.32%) than the resistance at JP¥4,750.00 (2.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is The Monogatari Corporation stock A Buy?
The Monogatari Corporation 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: -1.617 Sell Candidate Downgraded
Predicted Opening Price for The Monogatari Corporation of Friday, March 29, 2024
Fair opening price March 29, 2024 | Current price |
---|---|
JP¥4,666.67 ( 0.575%) | JP¥4,640.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3097.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4,766.67 | 2.73 % | |
R2 | 4,728.47 | 1.91 % | ||
R1 | 4,704.87 | 1.40 % | ||
Current price: | 4,640.00 | |||
Support | S1 | 4,628.47 | -0.249 % | |
S2 | 4,604.87 | -0.757 % | ||
S3 | 4,566.67 | -1.58 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5,260.00 | 13.36 % | |
R2 | 5,210.00 | 12.28 % | ||
R1 | 4,750.00 | 2.37 % | ||
Current price | 4,640.00 | |||
Support | S1 | 4,625.00 | -0.323% | |
S2 | 4,590.00 | -1.08% | ||
S3 | 4,520.00 | -2.59% |
3097 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¥12.00 | 0.348% |
3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥11.67 | 0.545% |
4 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥11.67 | 0.582% |
5 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥10.00 | 0.446% |
FAQ
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