BEENOS Inc. Stock Forecast
BEENOS Inc. stock downgraded to Hold/Accumulate
(Updated on May 08, 2024)
The BEENOS Inc. stock price fell by -2.73% on the last day (Wednesday, 8th May 2024) from JP¥2,200.00 to JP¥2,140.00. During the last trading day the stock fluctuated 2.67% from a day low at JP¥2,133.00 to a day high of JP¥2,190.00. The price has been going up and down for this period, and there has been a 0.38% gain for the last 2 weeks. Volume has increased on the last day by 29 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, 167 thousand shares were bought and sold for approximately JP¥356.74 million.
The stock lies in the middle of a wide and 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 45.34% during the next 3 months and, with a 90% probability hold a price between JP¥2,889.43 and JP¥3,539.82 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
3328.T Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -4.85%. 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. The BEENOS 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¥2,125.29 and JP¥2,107.49. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for BEENOS Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥1,796.00 and JP¥1,749.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, BEENOS Inc. finds support just below today's level at JP¥1,796.00. If this is broken, then the next support from accumulated volume will be at JP¥1,749.00 and JP¥1,651.00.
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¥57.00 (2.67%) between high and low. For the last week, the stock has had daily average volatility of 2.83%.
Our recommended stop-loss: JP¥2,059.93 (-3.74%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (3328.T) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect BEENOS Inc. to open at JP¥2,154.33, and during the day (based on 14 day Average True Range), to move between JP¥2,065.46 and JP¥2,214.54, which gives a possible trading interval of +/-JP¥74.54 (+/-3.48%) up or down from last closing price. If BEENOS Inc. takes out the full calculated possible swing range there will be an estimated 6.97% 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¥2,143.00 (0.14%) than the support at JP¥1,796.00 (16.07%), 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 BEENOS Inc. stock A Buy?
BEENOS 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.643 Hold/Accumulate Downgraded
Predicted Opening Price for BEENOS Inc. of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| JP¥2,154.33 ( 0.670%) | JP¥2,140.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3328.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,211.33 | 3.33 % | |
| R2 | 2,189.56 | 2.32 % | ||
| R1 | 2,176.11 | 1.69 % | ||
| Current price: | 2,140.00 | |||
| Support | S1 | 2,132.56 | -0.348 % | |
| S2 | 2,119.11 | -0.98 % | ||
| S3 | 2,097.33 | -1.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,244.00 | 4.86 % | |
| R2 | 2,216.00 | 3.55 % | ||
| R1 | 2,143.00 | 0.140 % | ||
| Current price | 2,140.00 | |||
| Support | S1 | 1,796.00 | -16.07% | |
| S2 | 1,749.00 | -18.27% | ||
| S3 | 1,651.00 | -22.85% |
3328 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥25.00 | 1.02% |
| 3 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥25.00 | 0.796% |
| 4 | Sep 29, 2020 | Sep 29, 2020 | Sep 29, 2020 | JP¥18.00 | 0.98% |
| 5 | Sep 27, 2019 | Sep 27, 2019 | Sep 27, 2019 | JP¥18.00 | 1.42% |
FAQ
Click here for our free guide on how to buy BEENOS Inc. Stock.
