One REIT,Inc. Stock Forecast
Stronger technical forecast for One REIT,Inc. stock price after Friday trading.
(Updated on Apr 26, 2024)
The One REIT,Inc. stock price gained 0.488% on the last trading day (Friday, 26th Apr 2024), rising from JP¥266,400.00 to JP¥267,700.00. During the last trading day the stock fluctuated 1.56% from a day low at JP¥263,600.00 to a day high of JP¥267,700.00. The price has risen in 7 of the last 10 days and is up by 2.84% 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, 322 more shares were traded than the day before. In total, 728 shares were bought and sold for approximately JP¥194.89 million.
The stock has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. JP¥266,236.10 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach JP¥286,296.25 sometime during the next 3 months.
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3290.T Signals & Forecast
The One 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¥264,985.71 and JP¥260,608.57. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, March 29, 2024, and so far it has fallen -0.0373%. 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).
Support, Risk & Stop-loss for One REIT,Inc. stock
One REIT,Inc. finds support from accumulated volume at JP¥263,000.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved JP¥4,100.00 between high and low, or 1.56%. For the last week the stock has had daily average volatility of 1.47%.
Our recommended stop-loss: JP¥257,634.48 (-3.76%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (3290.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect One REIT,Inc. to open at JP¥266,333.33, and during the day (based on 14 day Average True Range), to move between JP¥263,580.99 and JP¥271,819.01, which gives a possible trading interval of +/-JP¥4,119.01 (+/-1.54%) up or down from last closing price. If One REIT,Inc. takes out the full calculated possible swing range there will be an estimated 3.08% 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¥267,800.00 (0.04%) than the support at JP¥263,000.00 (1.76%), 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 One REIT,Inc. stock A Buy?
One REIT,Inc. 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: 0.390 Hold/Accumulate Upgraded
Predicted Opening Price for One REIT,Inc. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥266,333.33 ( 0.511%) | JP¥267,700.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3290.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 270,433.33 | 1.02 % | |
| R2 | 268,867.13 | 0.436 % | ||
| R1 | 267,899.53 | 0.0745 % | ||
| Current price: | 267,700.00 | |||
| Support | S1 | 264,767.13 | -1.10 % | |
| S2 | 263,799.53 | -1.46 % | ||
| S3 | 262,233.33 | -2.04 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 271,200.00 | 1.31 % | |
| R2 | 268,000.00 | 0.112 % | ||
| R1 | 267,800.00 | 0.0374 % | ||
| Current price | 267,700.00 | |||
| Support | S1 | 263,000.00 | -1.76% | |
| S2 | 261,700.00 | -2.24% | ||
| S3 | 254,600.00 | -4.89% |
3290 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2024 | Aug 29, 2024 | Nov 01, 2024 | JP¥6,720.00 | 2.53% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | JP¥0 | 0% |
| 3 | Aug 30, 2023 | Aug 30, 2023 | Aug 30, 2023 | JP¥6,490.00 | 2.58% |
| 4 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | JP¥6,842.00 | 2.88% |
| 5 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | JP¥7,120.00 | 2.63% |
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