create restaurants holdings inc. Stock Forecast
create restaurants holdings inc. stock price up 0.276% on Friday
(Updated on Apr 26, 2024)
The create restaurants holdings inc. stock price gained 0.276% on the last trading day (Friday, 26th Apr 2024), rising from JP¥1,088.00 to JP¥1,091.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.15% from a day low at JP¥1,069.00 to a day high of JP¥1,092.00. The price has risen in 6 of the last 10 days and is up by 4.4% 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, 139 thousand more shares were traded than the day before. In total, 455 thousand shares were bought and sold for approximately JP¥496.08 million.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at JP¥1,093.29 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -2.25% during the next 3 months and, with a 90% probability hold a price between JP¥974.03 and JP¥1,068.74 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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3387.T Signals & Forecast
The create restaurants holdings 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¥1,083.29 and JP¥1,054.49. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy 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. 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 Monday, April 15, 2024, and so far it has fallen -0.547%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for create restaurants holdings inc. stock
create restaurants holdings inc. finds support from accumulated volume at JP¥1,081.00 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¥23.00 (2.15%) between high and low. For the last week, the stock has had daily average volatility of 1.34%.
Our recommended stop-loss: JP¥1,047.79 (-3.96%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (3387.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect create restaurants holdings inc. to open at JP¥1,084.00, and during the day (based on 14 day Average True Range), to move between JP¥1,070.31 and JP¥1,111.69, which gives a possible trading interval of +/-JP¥20.69 (+/-1.90%) up or down from last closing price. If create restaurants holdings inc. takes out the full calculated possible swing range there will be an estimated 3.79% 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¥1,092.00 (0.09%) than the support at JP¥1,081.00 (0.92%), 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 create restaurants holdings inc. stock A Buy?
create restaurants holdings 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.
Current score: 0.523 Hold/Accumulate Unchanged
Predicted Opening Price for create restaurants holdings inc. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥1,084.00 ( 0.642%) | JP¥1,091.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3387.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,107.00 | 1.47 % | |
| R2 | 1,098.21 | 0.661 % | ||
| R1 | 1,092.79 | 0.164 % | ||
| Current price: | 1,091.00 | |||
| Support | S1 | 1,075.21 | -1.45 % | |
| S2 | 1,069.79 | -1.94 % | ||
| S3 | 1,061.00 | -2.75 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,100.00 | 0.82 % | |
| R2 | 1,097.00 | 0.550 % | ||
| R1 | 1,092.00 | 0.0917 % | ||
| Current price | 1,091.00 | |||
| Support | S1 | 1,081.00 | -0.92% | |
| S2 | 1,076.00 | -1.37% | ||
| S3 | 1,060.00 | -2.84% |
3387 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2024 | Aug 29, 2024 | Aug 29, 2024 | JP¥0 | 0% |
| 2 | Aug 30, 2023 | Aug 30, 2023 | Aug 30, 2023 | JP¥3.00 | 0.264% |
| 3 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | JP¥3.00 | 0.320% |
| 4 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | JP¥3.00 | 0.326% |
| 5 | Feb 25, 2022 | Feb 25, 2022 | Feb 25, 2022 | JP¥3.00 | 0.425% |
FAQ
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