Maruzen CHI Holdings Co.,Ltd. Stock Forecast

Maruzen CHI Holdings Co.,Ltd. stock price down 0.86% on Friday
(Updated on Jun 28, 2024)

3159.T Signals & Forecast

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¥342.71 and JP¥336.54. A breakdown below any of these levels will issue sell signals. 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 Thursday, June 27, 2024, and so far it has fallen -0.86%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. 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.

Support, Risk & Stop-loss for Maruzen CHI Holdings Co.,Ltd. stock

Maruzen CHI Holdings Co.,Ltd. finds support from accumulated volume at JP¥335.00 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¥4.00 between high and low, or 1.16%. For the last week the stock has had daily average volatility of 0.88%.

Our recommended stop-loss: JP¥329.83 (-4.12%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 42 days ago.)

Trading Expectations (3159.T) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Maruzen CHI Holdings Co.,Ltd. to open at JP¥345.33, and during the day (based on 14 day Average True Range), to move between JP¥341.23 and JP¥346.77, which gives a possible trading interval of +/-JP¥2.77 (+/-0.81%) 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 1.61% 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¥346.00 (0.58%) than the support at JP¥335.00 (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 Maruzen CHI Holdings Co.,Ltd. stock A Buy?

Maruzen CHI Holdings Co.,Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.129 Hold/Accumulate Unchanged

Predicted Opening Price for Maruzen CHI Holdings Co.,Ltd. of Monday, July 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.