Sekisui House Reit,Inc. Stock Forecast
Sekisui House Reit,Inc. stock downgraded to Sell Candidate
(Updated on May 24, 2024)
The Sekisui House Reit,Inc. stock price gained 0.496% on the last trading day (Friday, 24th May 2024), rising from JP¥80,600.00 to JP¥81,000.00. During the last trading day the stock fluctuated 1.75% from a day low at JP¥80,000.00 to a day high of JP¥81,400.00. The price has been going up and down for this period, and there has been a -0.12% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 9 thousand shares were bought and sold for approximately JP¥723.33 million.
The stock lies in the middle of a strong 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 10.44% during the next 3 months and, with a 90% probability hold a price between JP¥88,316.75 and JP¥93,018.54 at the end of this 3-month period.
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3309.T Signals & Forecast
There are mixed signals in the stock today. The Sekisui House Reit,Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥81,342.86. On a fall, the stock will find some support from the short-term average at JP¥80,857.14. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -1.82%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Sekisui House Reit,Inc. stock
Sekisui House Reit,Inc. finds support from accumulated volume at JP¥80,900.00 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¥1,400.00 between high and low, or 1.75%. For the last week the stock has had daily average volatility of 1.25%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3309.T) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect Sekisui House Reit,Inc. to open at JP¥80,800.00, and during the day (based on 14 day Average True Range), to move between JP¥79,831.85 and JP¥82,168.15, which gives a possible trading interval of +/-JP¥1,168.15 (+/-1.44%) up or down from last closing price. If Sekisui House Reit,Inc. takes out the full calculated possible swing range there will be an estimated 2.88% 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¥81,100.00 (0.12%) than the support at JP¥80,900.00 (0.12%), 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 Sekisui House Reit,Inc. stock A Buy?
Sekisui House Reit,Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, 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: -2.996 Sell Candidate Downgraded
Predicted Opening Price for Sekisui House Reit,Inc. of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| JP¥80,800.00 ( 0.247%) | JP¥81,000.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3309.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 82,200.00 | 1.48 % | |
| R2 | 81,665.20 | 0.82 % | ||
| R1 | 81,334.80 | 0.413 % | ||
| Current price: | 81,000.00 | |||
| Support | S1 | 80,265.20 | -0.91 % | |
| S2 | 79,934.80 | -1.32 % | ||
| S3 | 79,400.00 | -1.98 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 81,600.00 | 0.741 % | |
| R2 | 81,400.00 | 0.494 % | ||
| R1 | 81,100.00 | 0.123 % | ||
| Current price | 81,000.00 | |||
| Support | S1 | 80,900.00 | -0.123% | |
| S2 | 74,200.00 | -8.40% | ||
| S3 | 74,100.00 | -8.52% |
3309 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 26, 2024 | Apr 26, 2024 | Apr 26, 2024 | JP¥0 | 0% |
| 2 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | JP¥13.00 | 0.0172% |
| 3 | Oct 28, 2022 | Oct 28, 2022 | Oct 28, 2022 | JP¥1,714.00 | 2.16% |
| 4 | Apr 27, 2022 | Apr 27, 2022 | Apr 27, 2022 | JP¥1,698.00 | 2.24% |
| 5 | Oct 28, 2021 | Oct 28, 2021 | Oct 28, 2021 | JP¥1,803.00 | 2.08% |
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