The Global Ltd. Stock Forecast
Red day on Wednesday for The Global Ltd. stock after losing 1.01%
(Updated on Jul 03, 2024)
The The Global Ltd. stock price fell by -1.01% on the last day (Wednesday, 3rd Jul 2024) from JP¥496.00 to JP¥491.00. During the last trading day the stock fluctuated 1.84% from a day low at JP¥488.00 to a day high of JP¥497.00. The price has risen in 5 of the last 10 days but is still down by -9.41% 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 -23 thousand shares and in total, 64 thousand shares were bought and sold for approximately JP¥31.28 million.
The stock has broken the very wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at JP¥492.87. A reaction back to this level may hold a second chance to get out before further falls.
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3271.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 1.03%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The The Global 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¥502.71 and JP¥551.66. A break-up above any of these levels will issue buy signals. 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 The Global Ltd. stock
The Global Ltd. finds support from accumulated volume at JP¥486.00 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¥9.00 between high and low, or 1.84%. For the last week, the stock has had daily average volatility of 2.69%.
The Global Ltd. is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3271.T) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect The Global Ltd. to open at JP¥492.00, and during the day (based on 14 day Average True Range), to move between JP¥474.51 and JP¥507.49, which gives a possible trading interval of +/-JP¥16.49 (+/-3.36%) up or down from last closing price. If The Global Ltd. takes out the full calculated possible swing range there will be an estimated 6.72% 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¥486.00 (1.02%) than the resistance at JP¥522.00 (6.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is The Global Ltd. stock A Buy?
The The Global Ltd. stock holds several negative signals and despite the positive trend, we believe The Global Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.107 Sell Candidate Unchanged
Predicted Opening Price for The Global Ltd. of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| JP¥492.00 ( 0.204%) | JP¥491.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3271.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 501.00 | 2.04% |
| R2 | 497.56 | 1.34% |
| R1 | 495.44 | 0.90% |
| Price | 491.00 | |
| S1 | 488.56 | -0.497% |
| S2 | 486.44 | -0.93% |
| S3 | 483.00 | -1.63% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 576.00 | 17.31% |
| R2 | 555.00 | 13.03% |
| R1 | 522.00 | 6.31% |
| Price | 491.00 | |
| S1 | 486.00 | -1.02% |
| S2 | 469.00 | -4.48% |
| S3 | 450.00 | -8.35% |
3271 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Sep 01, 2024 | JP¥27.00 | 5.50% |
| 2 | Jun 29, 2020 | Jun 29, 2020 | Jun 29, 2020 | JP¥25.00 | 11.26% |
| 3 | Jun 26, 2019 | Jun 26, 2019 | Jun 26, 2019 | JP¥25.00 | 4.59% |
| 4 | Jun 27, 2018 | Jun 27, 2018 | Jun 27, 2018 | JP¥25.00 | 3.08% |
| 5 | Jun 28, 2017 | Jun 28, 2017 | Jun 28, 2017 | JP¥17.00 | 3.01% |
FAQ
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