Open House Co.,Ltd. Stock Forecast
Open House Co.,Ltd. stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Apr 19, 2024)
The Open House Co.,Ltd. stock price fell by -2.31% on the last day (Friday, 19th Apr 2024) from JP¥4,580.00 to JP¥4,474.00. During the last trading day the stock fluctuated 3.56% from a day low at JP¥4,436.00 to a day high of JP¥4,594.00. The price has fallen in 7 of the last 10 days and is down by -9.19% for this period. Volume has increased on the last day by 250 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 570 thousand shares were bought and sold for approximately JP¥2.55 billion.
The stock has broken the wide and weak 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¥4,485.39. A reaction back to this level may hold a second chance to get out before further falls.
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3288.T Signals & Forecast
There are few to no technical positive signals at the moment. The Open House Co.,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¥4,706.00 and JP¥4,741.09. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -10.88%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Open House Co.,Ltd. stock
Open House Co.,Ltd. finds support from accumulated volume at JP¥4,473.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved JP¥158.00 between high and low, or 3.56%. For the last week, the stock has had daily average volatility of 2.61%.
Open House Co.,Ltd. is oversold on RSI14 (22). 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 (3288.T) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Open House Co.,Ltd. to open at JP¥4,501.33, and during the day (based on 14 day Average True Range), to move between JP¥4,349.36 and JP¥4,598.64, which gives a possible trading interval of +/-JP¥124.64 (+/-2.79%) up or down from last closing price. If Open House Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 5.57% 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¥4,473.00 (0.02%) than the resistance at JP¥4,722.00 (5.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Open House Co.,Ltd. stock A Buy?
The Open House Co.,Ltd. stock holds several negative signals and despite the positive trend, we believe Open House Co.,Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.851 Sell Candidate Downgraded
Predicted Opening Price for Open House Co.,Ltd. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| JP¥4,501.33 ( 0.611%) | JP¥4,474.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3288.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,659.33 | 4.14 % | |
| R2 | 4,598.98 | 2.79 % | ||
| R1 | 4,561.69 | 1.96 % | ||
| Current price: | 4,474.00 | |||
| Support | S1 | 4,440.98 | -0.738 % | |
| S2 | 4,403.69 | -1.57 % | ||
| S3 | 4,343.33 | -2.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,923.00 | 10.04 % | |
| R2 | 4,802.00 | 7.33 % | ||
| R1 | 4,722.00 | 5.54 % | ||
| Current price | 4,474.00 | |||
| Support | S1 | 4,473.00 | -0.0224% | |
| S2 | 4,404.00 | -1.56% | ||
| S3 | 4,384.00 | -2.01% |
3288 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¥72.00 | 1.45% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥67.00 | 1.36% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥62.00 | 1.11% |
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