Maruzen CHI Holdings Co.,Ltd. Stock Forecast
Green day on Tuesday for Maruzen CHI Holdings Co.,Ltd.
(Updated on Jun 25, 2024)
The Maruzen CHI Holdings Co.,Ltd. stock price gained 0.88% on the last trading day (Tuesday, 25th Jun 2024), rising from JP¥341.00 to JP¥344.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.585% from a day low at JP¥342.00 to a day high of JP¥344.00. The price has risen in 6 of the last 10 days and is up by 2.08% over the past 2 weeks. Volume fell on the last day by -7 thousand shares and in total, 37 thousand shares were bought and sold for approximately JP¥12.66 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 has broken the narrow and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at JP¥338.06, a level that may pose a second chance to hit a runner.
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3159.T Signals & Forecast
Mostly positive signals in the chart today. The Maruzen CHI Holdings Co.,Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥339.71 and JP¥335.49. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 16, 2024, and so far it has risen 4.24%. 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). 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. The stock had a Golden Star Signal on Thursday, May 23, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, March 06, 2024.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, May 23, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, March 06, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, May 23, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, March 06, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A buy signal from a double bottom formation was found on Thursday, May 16, 2024 with a target of JP¥336.27. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Maruzen CHI Holdings Co.,Ltd. stock
Maruzen CHI Holdings Co.,Ltd. finds support from accumulated volume at JP¥333.00 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¥2.00 between high and low, or 0.585%. For the last week the stock has had daily average volatility of 0.83%.
Our recommended stop-loss: JP¥332.67 (-3.29%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 42 days ago.)
Trading Expectations (3159.T) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Maruzen CHI Holdings Co.,Ltd. to open at JP¥343.33, and during the day (based on 14 day Average True Range), to move between JP¥341.29 and JP¥346.71, which gives a possible trading interval of +/-JP¥2.71 (+/-0.79%) up or down from last closing price. If Maruzen CHI Holdings Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 1.58% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥333.00, some JP¥11.00 (3.20%) from the current price of JP¥344.00, our system finds the risk reward attractive.
Is Maruzen CHI Holdings Co.,Ltd. stock A Buy?
Several short-term signals, along with a general good trend, are positive and the stock has broken the rising trend up, which indicates an even stronger rate of rising. We can conclude that the current level may hold a buying opportunity as there is a fair chance for Maruzen CHI Holdings Co.,Ltd. stock to perform well in the short-term period. Due to a possible false trend-break listing stock as pure buy candidate is held back.
Current score: 3.770 Buy Candidate Unchanged
Predicted Opening Price for Maruzen CHI Holdings Co.,Ltd. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| JP¥343.33 ( 0.194%) | JP¥344.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3159.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 345.33 | 0.388% |
| R2 | 344.57 | 0.166% |
| R1 | 344.10 | 0.0283% |
| Price | 344.00 | |
| S1 | 342.57 | -0.416% |
| S2 | 342.10 | -0.553% |
| S3 | 341.33 | -0.775% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 344.00 | |
| S1 | 333.00 | -3.20% |
| S2 | 332.00 | -3.49% |
| S3 | 329.00 | -4.36% |
3159 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 30, 2025 | Jan 30, 2025 | Jan 30, 2025 | JP¥0 | 0% |
| 2 | Jan 30, 2024 | Jan 30, 2024 | Apr 26, 2024 | JP¥2.00 | 0.608% |
| 3 | Jan 30, 2023 | Jan 30, 2023 | Jan 30, 2023 | JP¥2.00 | 0.588% |
| 4 | Jan 28, 2022 | Jan 28, 2022 | Jan 28, 2022 | JP¥2.00 | 0.563% |
| 5 | Jan 28, 2021 | Jan 28, 2021 | Jan 28, 2021 | JP¥2.00 | 0.542% |
FAQ
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