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AI Analysis of 3232.T
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Mie Kotsu Group Holdings,Inc. stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Jun 14, 2024)

Buy or Hold candidate since May 31, 2024 Gain 0.17% PDF

The Mie Kotsu Group Holdings,Inc. stock price gained 1.38% on the last trading day (Friday, 14th Jun 2024), rising from JP¥580.00 to JP¥588.00. During the last trading day the stock fluctuated 1.55% from a day low at JP¥581.00 to a day high of JP¥590.00. The price has been going up and down for this period, and there has been a 0.17% gain 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, 47 thousand more shares were traded than the day before. In total, 88 thousand shares were bought and sold for approximately JP¥51.45 million.

The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at JP¥589.64 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -10.87% during the next 3 months and, with a 90% probability hold a price between JP¥480.29 and JP¥525.55 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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3232.T Signals & Forecast

Mostly positive signals in the chart today. The Mie Kotsu Group Holdings,Inc. 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¥586.43 and JP¥576.66. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 6.33%. 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 Mie Kotsu Group Holdings,Inc. stock

Mie Kotsu Group Holdings,Inc. finds support from accumulated volume at JP¥587.00 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¥9.00 (1.55%) between high and low. For the last week, the stock has had daily average volatility of 1.54%.

Our recommended stop-loss: JP¥566.01 (-3.74%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 57 days ago.)

Trading Expectations (3232.T) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Mie Kotsu Group Holdings,Inc. to open at JP¥586.33, and during the day (based on 14 day Average True Range), to move between JP¥578.05 and JP¥597.95, which gives a possible trading interval of +/-JP¥9.95 (+/-1.69%) up or down from last closing price. If Mie Kotsu Group Holdings,Inc. takes out the full calculated possible swing range there will be an estimated 3.38% 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¥587.00 (0.17%) than the resistance at JP¥614.00 (4.42%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Mie Kotsu Group Holdings,Inc. stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.134 Buy Candidate Upgraded

Predicted Opening Price for Mie Kotsu Group Holdings,Inc. of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
JP¥586.33 ( 0.283%) JP¥588.00

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

Trading levels for 3232.T

Fibonacci Support & Resistance Levels

Level Price
R3 595.33 1.25%
R2 591.90 0.662%
R1 589.77 0.301%
Price 588.00
S1 582.90 -0.87%
S2 580.77 -1.23%
S3 577.33 -1.81%

Accumulated Volume Support & Resistance Levels

Level Price
R3 639.00 8.67%
R2 637.00 8.33%
R1 614.00 4.42%
Price 588.00
S1 587.00 -0.170%
S2 584.00 -0.680%
S3 558.00 -5.10%

3232 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Sep 27, 2024 Sep 27, 2024 Sep 27, 2024 JP¥0 0%
2 Mar 28, 2024 Mar 28, 2024 Jun 21, 2024 JP¥1.00 0.170%
3 Sep 28, 2023 Sep 28, 2023 Nov 21, 2023 JP¥6.00 1.07%
4 Mar 30, 2023 Mar 30, 2023 Mar 30, 2023 JP¥5.00 0.93%
5 Sep 29, 2022 Sep 29, 2022 Sep 29, 2022 JP¥5.00 1.01%

FAQ

What is the symbol for Mie Kotsu Group Holdings,Inc. Stock and on which exchange is it traded?
The symbol for Mie Kotsu Group Holdings,Inc. is 3232.T and it is traded on the TYO (Tokyo Stock Exchange).

Should I buy or sell Mie Kotsu Group Holdings,Inc. Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Mie Kotsu Group Holdings,Inc. Stock?
Mie Kotsu Group Holdings,Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Mie Kotsu Group Holdings,Inc. Stock.

What's the current price of Mie Kotsu Group Holdings,Inc. Stock?
As of the end of day on the Jun 14, 2024, the price of an Mie Kotsu Group Holdings,Inc. (3232.T) share was JP¥588.00.

What is the 52-week high and low for Mie Kotsu Group Holdings,Inc. Stock?
The 52-week high for Mie Kotsu Group Holdings,Inc. Stock is JP¥652.00 and the 52-week low is JP¥523.00.

What is the market capitalization of Mie Kotsu Group Holdings,Inc. Stock?
As of the Jun 14, 2024, the market capitalization of Mie Kotsu Group Holdings,Inc. is 58.825B.

When is the next earnings date for Mie Kotsu Group Holdings,Inc.?
The upcoming earnings date for Mie Kotsu Group Holdings,Inc. is Aug 07, 2024.
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About Mie Kotsu Group Holdings,Inc.

Mie Kotsu Group HoldingsInc. Mie Kotsu Group Holdings, Inc. engages in the transportation, real estate, distribution, and leisure service businesses in Japan. It offers transit and charter bus services; operates intercity express buses and limousine buses for Chubu Centrair International Airport; and tour taxi services, as well as engages in the insurance, advertising, tourist consulting, and rental businesses. The company also sells housing properties; condominiums under th... 3232.T Profile

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