DAIDOH LIMITED Stock Forecast
A very red day for DAIDOH LIMITED stock price after a -6.14% fall in the Friday trading session
(Updated on Apr 19, 2024)
The DAIDOH LIMITED stock price fell by -6.14% on the last day (Friday, 19th Apr 2024) from JP¥603.00 to JP¥566.00. During the last trading day the stock fluctuated 8.14% from a day low at JP¥553.00 to a day high of JP¥598.00. The price has risen in 6 of the last 10 days but is still down by -5.51% for this period. 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 -134 thousand shares and in total, 179 thousand shares were bought and sold for approximately JP¥101.48 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥544.44 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 17.46% during the next 3 months and, with a 90% probability hold a price between JP¥639.48 and JP¥918.99 at the end of this 3-month period.
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3205.T Signals & Forecast
There are mixed signals in the stock today. The DAIDOH LIMITED stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥647.23. On a fall, the stock will find some support from the short-term average at JP¥561.57. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -24.53%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for DAIDOH LIMITED stock
DAIDOH LIMITED finds support from accumulated volume at JP¥556.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved JP¥45.00 between high and low, or 8.14%. For the last week, the stock has had daily average volatility of 6.07%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3205.T) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect DAIDOH LIMITED to open at JP¥572.33, and during the day (based on 14 day Average True Range), to move between JP¥531.13 and JP¥600.87, which gives a possible trading interval of +/-JP¥34.87 (+/-6.16%) up or down from last closing price. If DAIDOH LIMITED takes out the full calculated possible swing range there will be an estimated 12.32% 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¥571.00 (0.88%) than the support at JP¥556.00 (1.77%), 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 DAIDOH LIMITED stock A Buy?
DAIDOH LIMITED 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.
Current score: -4.797 Sell Candidate Unchanged
Predicted Opening Price for DAIDOH LIMITED of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| JP¥572.33 ( 1.12%) | JP¥566.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3205.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 617.33 | 9.07 % | |
| R2 | 600.14 | 6.03 % | ||
| R1 | 589.52 | 4.16 % | ||
| Current price: | 566.00 | |||
| Support | S1 | 555.14 | -1.92 % | |
| S2 | 544.52 | -3.79 % | ||
| S3 | 527.33 | -6.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 648.00 | 14.49 % | |
| R2 | 603.00 | 6.54 % | ||
| R1 | 571.00 | 0.88 % | ||
| Current price | 566.00 | |||
| Support | S1 | 556.00 | -1.77% | |
| S2 | 545.00 | -3.71% | ||
| S3 | 497.00 | -12.19% |
3205 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥2.00 | 0.733% |
| 2 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥2.50 | 1.24% |
| 3 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥5.00 | 1.54% |
| 4 | Mar 28, 2018 | Mar 28, 2018 | Mar 28, 2018 | JP¥10.00 | 2.25% |
| 5 | Mar 29, 2017 | Mar 29, 2017 | Mar 29, 2017 | JP¥10.00 | 2.33% |
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