JOYFUL HONDA CO.,LTD. Stock Forecast
JOYFUL HONDA CO.,LTD. stock upgraded from Strong Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 10, 2024)
The JOYFUL HONDA CO.,LTD. stock price fell by -1.21% on the last day (Friday, 10th May 2024) from JP¥2,226.00 to JP¥2,199.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.74% from a day low at JP¥2,190.00 to a day high of JP¥2,228.00. The price has fallen in 6 of the last 10 days and is down by -0.63% for this period. Volume has increased on the last day by 45 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, 156 thousand shares were bought and sold for approximately JP¥343.48 million.
Given the current short-term trend, the stock is expected to rise 12.46% during the next 3 months and, with a 90% probability hold a price between JP¥2,473.07 and JP¥2,671.80 at the end of this 3-month period.
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3191.T Signals & Forecast
There are few to no technical positive signals at the moment. The JOYFUL HONDA CO.,LTD. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥2,231.57 and JP¥2,230.03. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -4.14%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 JOYFUL HONDA CO.,LTD. stock
JOYFUL HONDA CO.,LTD. finds support from accumulated volume at JP¥2,191.00 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¥38.00 between high and low, or 1.74%. For the last week the stock has had daily average volatility of 2.08%.
Our recommended stop-loss: JP¥2,128.51 (-3.21%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (3191.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect JOYFUL HONDA CO.,LTD. to open at JP¥2,205.67, and during the day (based on 14 day Average True Range), to move between JP¥2,158.98 and JP¥2,239.02, which gives a possible trading interval of +/-JP¥40.02 (+/-1.82%) up or down from last closing price. If JOYFUL HONDA CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.64% 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¥2,201.00 (0.09%) than the support at JP¥2,191.00 (0.36%), 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 JOYFUL HONDA CO.,LTD. stock A Buy?
JOYFUL HONDA CO.,LTD. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Hold/Accumulate candidate.
Current score: -0.625 Hold/Accumulate Upgraded
Predicted Opening Price for JOYFUL HONDA CO.,LTD. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥2,205.67 ( 0.303%) | JP¥2,199.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3191.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,243.67 | 2.03 % | |
| R2 | 2,229.15 | 1.37 % | ||
| R1 | 2,220.18 | 0.96 % | ||
| Current price: | 2,199.00 | |||
| Support | S1 | 2,191.15 | -0.357 % | |
| S2 | 2,182.18 | -0.765 % | ||
| S3 | 2,167.67 | -1.42 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,258.00 | 2.68 % | |
| R2 | 2,243.00 | 2.00 % | ||
| R1 | 2,201.00 | 0.0910 % | ||
| Current price | 2,199.00 | |||
| Support | S1 | 2,191.00 | -0.364% | |
| S2 | 2,181.00 | -0.82% | ||
| S3 | 2,144.00 | -2.50% |
3191 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 19, 2024 | Jun 19, 2024 | Jun 19, 2024 | JP¥0 | 0% |
| 2 | Jun 19, 2023 | Jun 19, 2023 | Jun 19, 2023 | JP¥23.00 | 1.33% |
| 3 | Dec 19, 2022 | Dec 19, 2022 | Dec 19, 2022 | JP¥23.00 | 1.24% |
| 4 | Jun 17, 2022 | Jun 17, 2022 | Jun 17, 2022 | JP¥21.00 | 1.36% |
| 5 | Dec 17, 2021 | Dec 17, 2021 | Dec 17, 2021 | JP¥21.00 | 1.43% |
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