DAIDOH LIMITED Stock Forecast
Evaluation of DAIDOH LIMITED stock downgraded after the last trading session.
(Updated on May 02, 2024)
The DAIDOH LIMITED stock price gained 1.30% on the last trading day (Thursday, 2nd May 2024), rising from JP¥615.00 to JP¥623.00. During the last trading day the stock fluctuated 3.58% from a day low at JP¥615.00 to a day high of JP¥637.00. The price has risen in 5 of the last 10 days and is up by 9.68% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 17 thousand more shares were traded than the day before. In total, 57 thousand shares were bought and sold for approximately JP¥35.32 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect DAIDOH LIMITED stock with a 90% probability to be traded between JP¥526.19 and JP¥741.41 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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3205.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 10, 2024, and so far it has risen 17.11%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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¥628.06. On a fall, the stock will find some support from the short-term average at JP¥606.71. 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.
Support, Risk & Stop-loss for DAIDOH LIMITED stock
DAIDOH LIMITED finds support from accumulated volume at JP¥605.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved JP¥22.00 between high and low, or 3.58%. For the last week, the stock has had daily average volatility of 3.32%.
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 Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect DAIDOH LIMITED to open at JP¥625.00, and during the day (based on 14 day Average True Range), to move between JP¥593.35 and JP¥652.65, which gives a possible trading interval of +/-JP¥29.65 (+/-4.76%) up or down from last closing price. If DAIDOH LIMITED takes out the full calculated possible swing range there will be an estimated 9.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥605.00 (2.89%) than the resistance at JP¥648.00 (4.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.557 Sell Candidate Downgraded
Predicted Opening Price for DAIDOH LIMITED of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥625.00 ( 0.321%) | JP¥623.00 |
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 | 647.00 | 3.85 % | |
| R2 | 638.60 | 2.50 % | ||
| R1 | 633.40 | 1.67 % | ||
| Current price: | 623.00 | |||
| Support | S1 | 616.60 | -1.03 % | |
| S2 | 611.40 | -1.86 % | ||
| S3 | 603.00 | -3.21 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 750.00 | 20.39 % | |
| R2 | 711.00 | 14.13 % | ||
| R1 | 648.00 | 4.01 % | ||
| Current price | 623.00 | |||
| Support | S1 | 605.00 | -2.89% | |
| S2 | 603.00 | -3.21% | ||
| S3 | 571.00 | -8.35% |
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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