Comforia Residential REIT,Inc Stock Forecast
Comforia Residential REIT,Inc stock downgraded to Buy Candidate
(Updated on May 08, 2024)
The Comforia Residential REIT,Inc stock price fell by -1.14% on the last day (Wednesday, 8th May 2024) from JP¥352,000.00 to JP¥348,000.00. During the last trading day the stock fluctuated 1.88% from a day low at JP¥346,000.00 to a day high of JP¥352,500.00. The price has risen in 7 of the last 10 days and is up by 4.5% over the past 2 weeks. 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 -408 shares and in total, 2 thousand shares were bought and sold for approximately JP¥797.96 million.
The stock lies in the upper part of a wide and strong 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¥353,093.49 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 21.44% during the next 3 months and, with a 90% probability hold a price between JP¥387,582.44 and JP¥428,783.21 at the end of this 3-month period.
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3282.T Signals & Forecast
The Comforia Residential REIT,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¥344,214.29 and JP¥328,857.14. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -1.14%. Further fall is indicated until a new bottom pivot has been found. 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 Comforia Residential REIT,Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥327,000.00 and JP¥316,000.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Comforia Residential REIT,Inc finds support just below today's level at JP¥327,000.00. If this is broken, then the next support from accumulated volume will be at JP¥316,000.00 and JP¥285,500.00.
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¥6,500.00 (1.88%) between high and low. For the last week, the stock has had daily average volatility of 1.66%.
The Comforia Residential REIT,Inc stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: JP¥334,386.87 (-3.91%) (This stock has low daily movements and this gives low risk. The RSI14 is 76 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (3282.T) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Comforia Residential REIT,Inc to open at JP¥348,833.33, and during the day (based on 14 day Average True Range), to move between JP¥341,976.43 and JP¥354,023.57, which gives a possible trading interval of +/-JP¥6,023.57 (+/-1.73%) up or down from last closing price. If Comforia Residential REIT,Inc takes out the full calculated possible swing range there will be an estimated 3.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at JP¥349,000.00 (0.29%) than the support at JP¥327,000.00 (6.03%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Comforia Residential REIT,Inc 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 Comforia Residential REIT,Inc stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 1.144 Buy Candidate Downgraded
Predicted Opening Price for Comforia Residential REIT,Inc of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| JP¥348,833.33 ( 0.239%) | JP¥348,000.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3282.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 355,333.33 | 2.11 % | |
| R2 | 352,850.33 | 1.39 % | ||
| R1 | 351,316.33 | 0.95 % | ||
| Current price: | 348,000.00 | |||
| Support | S1 | 346,350.33 | -0.474 % | |
| S2 | 344,816.33 | -0.91 % | ||
| S3 | 342,333.33 | -1.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 352,000.00 | 1.15 % | ||
| R1 | 349,000.00 | 0.287 % | ||
| Current price | 348,000.00 | |||
| Support | S1 | 327,000.00 | -6.03% | |
| S2 | 316,000.00 | -9.20% | ||
| S3 | 285,500.00 | -17.96% |
3282 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 30, 2024 | Jul 30, 2024 | Oct 01, 2024 | JP¥5,660.00 | 1.63% |
| 2 | Jul 28, 2023 | Jul 28, 2023 | Jul 28, 2023 | JP¥5,620.00 | 1.63% |
| 3 | Jan 30, 2023 | Jan 30, 2023 | Jan 30, 2023 | JP¥5,487.00 | 1.86% |
| 4 | Jul 28, 2022 | Jul 28, 2022 | Jul 28, 2022 | JP¥5,334.00 | 1.60% |
| 5 | Jan 28, 2022 | Jan 28, 2022 | Jan 28, 2022 | JP¥5,529.00 | 1.79% |
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