Golf Digest Online Inc. Stock Forecast
Stronger technical forecast for Golf Digest Online Inc. stock price after Thursday trading.
(Updated on Mar 28, 2024)
The Golf Digest Online Inc. stock price fell by -0.164% on the last day (Thursday, 28th Mar 2024) from JP¥609.00 to JP¥608.00. During the last trading day the stock fluctuated 2.31% from a day low at JP¥606.00 to a day high of JP¥620.00. The price has been going up and down for this period, and there has been a 3.05% gain for the last 2 weeks. Volume has increased on the last day by 48 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, 95 thousand shares were bought and sold for approximately JP¥57.94 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.52% during the next 3 months and, with a 90% probability hold a price between JP¥496.32 and JP¥566.10 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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3319.T Signals & Forecast
The Golf Digest Online Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥612.71. On a fall, the stock will find some support from the long-term average at approximately JP¥606.63. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Tuesday, March 05, 2024, and so far it has risen 7.23%. Further rise is indicated until a new top pivot has been found. 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. 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 Golf Digest Online Inc. stock
Golf Digest Online Inc. finds support from accumulated volume at JP¥599.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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¥14.00 (2.31%) between high and low. For the last week, the stock has had daily average volatility of 2.04%.
Our recommended stop-loss: JP¥582.21 (-4.24%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (3319.T) For The Upcoming Trading Day Of Friday 29th
For the upcoming trading day on Friday, 29th we expect Golf Digest Online Inc. to open at JP¥611.33, and during the day (based on 14 day Average True Range), to move between JP¥591.57 and JP¥624.43, which gives a possible trading interval of +/-JP¥16.43 (+/-2.70%) up or down from last closing price. If Golf Digest Online Inc. takes out the full calculated possible swing range there will be an estimated 5.41% 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¥609.00 (0.16%) than the support at JP¥599.00 (1.48%), 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 Golf Digest Online Inc. stock A Buy?
Golf Digest Online 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: -0.068 Hold/Accumulate Upgraded
Predicted Opening Price for Golf Digest Online Inc. of Friday, March 29, 2024
Fair opening price March 29, 2024 | Current price |
---|---|
JP¥611.33 ( 0.548%) | JP¥608.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3319.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 625.33 | 2.85 % | |
R2 | 619.99 | 1.97 % | ||
R1 | 616.68 | 1.43 % | ||
Current price: | 608.00 | |||
Support | S1 | 605.99 | -0.331 % | |
S2 | 602.68 | -0.87 % | ||
S3 | 597.33 | -1.75 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 621.00 | 2.14 % | |
R2 | 614.00 | 0.99 % | ||
R1 | 609.00 | 0.164 % | ||
Current price | 608.00 | |||
Support | S1 | 599.00 | -1.48% | |
S2 | 588.00 | -3.29% | ||
S3 | 567.00 | -6.74% |
3319 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥4.00 | 0.511% |
2 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥5.50 | 0.378% |
3 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥4.00 | 0.273% |
4 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥5.50 | 0.463% |
5 | Jun 29, 2021 | Jun 29, 2021 | Jun 29, 2021 | JP¥4.00 | 0.268% |
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