GLP J-REIT Stock Forecast
GLP J-REIT stock upgraded to Buy Candidate.
(Updated on May 07, 2024)
The GLP J-REIT stock price gained 1.47% on the last trading day (Tuesday, 7th May 2024), rising from JP¥128,900.00 to JP¥130,800.00. During the last trading day the stock fluctuated 1.23% from a day low at JP¥129,900.00 to a day high of JP¥131,500.00. The price has risen in 6 of the last 10 days and is up by 3.24% over the past 2 weeks. Volume fell on the last day by -7 thousand shares and in total, 20 thousand shares were bought and sold for approximately JP¥2.59 billion. 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 middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.45% during the next 3 months and, with a 90% probability hold a price between JP¥127,938.50 and JP¥140,461.05 at the end of this 3-month period.
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3281.T Signals & Forecast
Mostly positive signals in the chart today. The GLP J-REIT 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¥129,642.86 and JP¥126,474.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 7.39%. 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.
Support, Risk & Stop-loss for GLP J-REIT stock
GLP J-REIT finds support from accumulated volume at JP¥129,700.00 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¥1,600.00 (1.23%) between high and low. For the last week, the stock has had daily average volatility of 1.62%.
Our recommended stop-loss: JP¥124,165.54 (-5.07%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (3281.T) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect GLP J-REIT to open at JP¥130,733.33, and during the day (based on 14 day Average True Range), to move between JP¥128,214.72 and JP¥133,385.28, which gives a possible trading interval of +/-JP¥2,585.28 (+/-1.98%) up or down from last closing price. If GLP J-REIT takes out the full calculated possible swing range there will be an estimated 3.95% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥129,700.00, some JP¥1,100.00 (0.84%) from the current price of JP¥130,800.00, our system finds the risk reward attractive.
Is GLP J-REIT stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for GLP J-REIT 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: 2.402 Buy Candidate Upgraded
Predicted Opening Price for GLP J-REIT of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| JP¥130,733.33 ( 0.0510%) | JP¥130,800.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3281.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 132,333.33 | 1.17 % | |
| R2 | 131,722.13 | 0.705 % | ||
| R1 | 131,344.53 | 0.416 % | ||
| Current price: | 130,800.00 | |||
| Support | S1 | 130,122.13 | -0.518 % | |
| S2 | 129,744.53 | -0.81 % | ||
| S3 | 129,133.33 | -1.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 130,800.00 | |||
| Support | S1 | 129,700.00 | -0.84% | |
| S2 | 120,700.00 | -7.72% | ||
| S3 | 118,900.00 | -9.10% |
3281 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2024 | Aug 29, 2024 | Nov 01, 2024 | JP¥2,885.00 | 2.21% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | JP¥0 | 0% |
| 3 | Aug 30, 2023 | Aug 30, 2023 | Aug 30, 2023 | JP¥3,199.00 | 2.32% |
| 4 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | JP¥3,134.00 | 2.17% |
| 5 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | JP¥3,051.00 | 1.78% |
FAQ
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