PRESSANCE CORPORATION Stock Forecast
PRESSANCE CORPORATION stock price ended at JP¥1,857.00 on Thursday, after gaining 0.378%.
(Updated on May 02, 2024)
The PRESSANCE CORPORATION stock price gained 0.378% on the last trading day (Thursday, 2nd May 2024), rising from JP¥1,850.00 to JP¥1,857.00. During the last trading day the stock fluctuated 1.47% from a day low at JP¥1,842.00 to a day high of JP¥1,869.00. The price has risen in 7 of the last 10 days and is up by 8.15% over the past 2 weeks. Volume fell on the last day by -45 thousand shares and in total, 53 thousand shares were bought and sold for approximately JP¥98.24 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the upper part of a weak rising 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¥1,862.22 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 7.12% during the next 3 months and, with a 90% probability hold a price between JP¥1,822.86 and JP¥1,994.73 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
3254.T Signals & Forecast
Mostly positive signals in the chart today. The PRESSANCE CORPORATION 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¥1,812.57 and JP¥1,766.57. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 10.21%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
A buy signal from a double bottom formation was found on Wednesday, February 21, 2024 with a target of JP¥1,804.29. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for PRESSANCE CORPORATION stock
PRESSANCE CORPORATION finds support from accumulated volume at JP¥1,839.00 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¥27.00 (1.47%) between high and low. For the last week, the stock has had daily average volatility of 2.78%.
Our recommended stop-loss: JP¥1,798.69 (-3.14%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (3254.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect PRESSANCE CORPORATION to open at JP¥1,856.00, and during the day (based on 14 day Average True Range), to move between JP¥1,813.09 and JP¥1,900.91, which gives a possible trading interval of +/-JP¥43.91 (+/-2.36%) up or down from last closing price. If PRESSANCE CORPORATION takes out the full calculated possible swing range there will be an estimated 4.73% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥1,839.00, some JP¥18.00 (0.97%) from the current price of JP¥1,857.00, our system finds the risk reward attractive.
Is PRESSANCE CORPORATION stock A Buy?
PRESSANCE CORPORATION holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 6.040 Strong Buy Candidate Unchanged
Predicted Opening Price for PRESSANCE CORPORATION of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥1,856.00 ( 0.0539%) | JP¥1,857.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3254.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,883.00 | 1.40 % | |
| R2 | 1,872.69 | 0.84 % | ||
| R1 | 1,866.31 | 0.502 % | ||
| Current price: | 1,857.00 | |||
| Support | S1 | 1,845.69 | -0.609 % | |
| S2 | 1,839.31 | -0.95 % | ||
| S3 | 1,829.00 | -1.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 1,857.00 | |||
| Support | S1 | 1,839.00 | -0.97% | |
| S2 | 1,754.00 | -5.55% | ||
| S3 | 1,717.00 | -7.54% |
3254 Dividend Payout History
| # | 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 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥19.00 | 1.07% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥19.00 | 1.31% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥16.00 | 0.86% |
FAQ
Click here for our free guide on how to buy PRESSANCE CORPORATION Stock.
