SKYLARK HOLDINGS CO.,LTD. Stock Forecast
Evaluation of SKYLARK HOLDINGS CO.,LTD. stock downgraded after the last trading session.
(Updated on May 10, 2024)
The SKYLARK HOLDINGS CO.,LTD. stock price gained 0.98% on the last trading day (Friday, 10th May 2024), rising from JP¥2,185.50 to JP¥2,207.00. During the last trading day the stock fluctuated 1.37% from a day low at JP¥2,188.50 to a day high of JP¥2,218.50. The price has been going up and down for this period, and there has been a -1.5% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 16 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately JP¥2.21 billion.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at JP¥2,156.23 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect SKYLARK HOLDINGS CO.,LTD. stock with a 90% probability to be traded between JP¥2,185.36 and JP¥2,499.54 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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3197.T Signals & Forecast
There are mixed signals in the stock today. The SKYLARK HOLDINGS 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¥2,219.07 and JP¥2,301.79. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, May 08, 2024, and so far it has risen 1.71%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for SKYLARK HOLDINGS CO.,LTD. stock
SKYLARK HOLDINGS CO.,LTD. finds support from accumulated volume at JP¥2,171.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥30.00 (1.37%) between high and low. For the last week, the stock has had daily average volatility of 1.60%.
Our recommended stop-loss: JP¥2,089.45 (-5.33%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (3197.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect SKYLARK HOLDINGS CO.,LTD. to open at JP¥2,204.67, and during the day (based on 14 day Average True Range), to move between JP¥2,165.00 and JP¥2,249.00, which gives a possible trading interval of +/-JP¥42.00 (+/-1.90%) up or down from last closing price. If SKYLARK HOLDINGS CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.81% 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¥2,223.00 (0.72%) than the support at JP¥2,171.00 (1.63%), 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.
Earnings coming up
SKYLARK HOLDINGS CO.,LTD. will release earnings BMO on Wednesday, May 15, 2024.The consensus among the analysts for the expected earnings (EPS) is $2.20. We will update the financials statements for SKYLARK HOLDINGS CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.95% in the first trading day after earnings release.
Is SKYLARK HOLDINGS CO.,LTD. stock A Buy?
SKYLARK 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. 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 Hold/Accumulate candidate.
Current score: 0.122 Hold/Accumulate Downgraded
Predicted Opening Price for SKYLARK HOLDINGS CO.,LTD. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥2,204.67 ( 0.106%) | JP¥2,207.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3197.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,234.67 | 1.25 % | |
| R2 | 2,223.21 | 0.734 % | ||
| R1 | 2,216.13 | 0.414 % | ||
| Current price: | 2,207.00 | |||
| Support | S1 | 2,193.21 | -0.625 % | |
| S2 | 2,186.13 | -0.95 % | ||
| S3 | 2,174.67 | -1.47 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,451.50 | 11.08 % | |
| R2 | 2,224.00 | 0.770 % | ||
| R1 | 2,223.00 | 0.725 % | ||
| Current price | 2,207.00 | |||
| Support | S1 | 2,171.00 | -1.63% | |
| S2 | 2,170.00 | -1.68% | ||
| S3 | 2,124.50 | -3.74% |
3197 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2024 | Dec 27, 2024 | Dec 27, 2024 | JP¥0 | 0% |
| 2 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥6.00 | 0.389% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥12.00 | 0.793% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | JP¥10.00 | 0.637% |
| 5 | Jun 29, 2020 | Jun 29, 2020 | Jun 29, 2020 | JP¥9.00 | 0.525% |
FAQ
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