Open House Co.,Ltd. Stock Forecast
Open House Co.,Ltd. stock upgraded to Hold/Accumulate.
(Updated on May 02, 2024)
The Open House Co.,Ltd. stock price gained 1.13% on the last trading day (Thursday, 2nd May 2024), rising from JP¥4,772.00 to JP¥4,826.00. During the last trading day the stock fluctuated 1.11% from a day low at JP¥4,782.00 to a day high of JP¥4,835.00. The price has risen in 8 of the last 10 days and is up by 6.07% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 67 thousand more shares were traded than the day before. In total, 269 thousand shares were bought and sold for approximately JP¥1.30 billion.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Open House Co.,Ltd. stock with a 90% probability to be traded between JP¥4,470.27 and JP¥5,094.87 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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3288.T Signals & Forecast
The Open House Co.,Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥4,718.57 and JP¥4,784.57. 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 7.87%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Open House Co.,Ltd. stock
Open House Co.,Ltd. finds support from accumulated volume at JP¥4,802.00 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¥53.00 between high and low, or 1.11%. For the last week, the stock has had daily average volatility of 1.62%.
Our recommended stop-loss: JP¥4,624.67 (-4.17%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (3288.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Open House Co.,Ltd. to open at JP¥4,814.33, and during the day (based on 14 day Average True Range), to move between JP¥4,716.19 and JP¥4,935.81, which gives a possible trading interval of +/-JP¥109.81 (+/-2.28%) 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 4.55% 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¥4,802.00 (0.50%) than the resistance at JP¥4,923.00 (2.01%), 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?
Open House Co.,Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.924 Hold/Accumulate Upgraded
Predicted Opening Price for Open House Co.,Ltd. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥4,814.33 ( 0.242%) | JP¥4,826.00 |
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 | 4,867.33 | 0.86 % | |
| R2 | 4,847.09 | 0.437 % | ||
| R1 | 4,834.58 | 0.178 % | ||
| Current price: | 4,826.00 | |||
| Support | S1 | 4,794.09 | -0.661 % | |
| S2 | 4,781.58 | -0.92 % | ||
| S3 | 4,761.33 | -1.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,949.00 | 2.55 % | |
| R2 | 4,925.00 | 2.05 % | ||
| R1 | 4,923.00 | 2.01 % | ||
| Current price | 4,826.00 | |||
| Support | S1 | 4,802.00 | -0.497% | |
| S2 | 4,722.00 | -2.15% | ||
| S3 | 4,550.00 | -5.72% |
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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