create restaurants holdings inc. Stock Forecast
create restaurants holdings inc. stock downgraded to Hold/Accumulate
(Updated on May 10, 2024)
The create restaurants holdings inc. stock price gained 1.03% on the last trading day (Friday, 10th May 2024), rising from JP¥1,071.00 to JP¥1,082.00. 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 0.744% from a day low at JP¥1,075.00 to a day high of JP¥1,083.00. The price has risen in 7 of the last 10 days but is still down by -0.09% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 11 thousand more shares were traded than the day before. In total, 236 thousand shares were bought and sold for approximately JP¥254.92 million.
The stock lies in the middle of a weak 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 2.34% during the next 3 months and, with a 90% probability hold a price between JP¥1,051.39 and JP¥1,129.75 at the end of this 3-month period.
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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¥1,077.57 and JP¥1,064.26. 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 Monday, April 15, 2024, and so far it has fallen -1.37%. 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 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.
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¥8.00 between high and low, or 0.744%. For the last week the stock has had daily average volatility of 1.16%.
Our recommended stop-loss: JP¥1,038.83 (-3.99%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (3387.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect create restaurants holdings inc. to open at JP¥1,080.00, and during the day (based on 14 day Average True Range), to move between JP¥1,064.45 and JP¥1,099.55, which gives a possible trading interval of +/-JP¥17.55 (+/-1.62%) 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 3.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥1,081.00 (0.09%) than the resistance at JP¥1,084.00 (0.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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. 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: 0.890 Hold/Accumulate Downgraded
Predicted Opening Price for create restaurants holdings inc. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥1,080.00 ( 0.185%) | JP¥1,082.00 |
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 | 1,088.00 | 0.555 % | |
| R2 | 1,084.94 | 0.272 % | ||
| R1 | 1,083.06 | 0.0976 % | ||
| Current price: | 1,082.00 | |||
| Support | S1 | 1,076.94 | -0.467 % | |
| S2 | 1,075.06 | -0.642 % | ||
| S3 | 1,072.00 | -0.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,097.00 | 1.39 % | |
| R2 | 1,095.00 | 1.20 % | ||
| R1 | 1,084.00 | 0.185 % | ||
| Current price | 1,082.00 | |||
| Support | S1 | 1,081.00 | -0.0924% | |
| S2 | 1,076.00 | -0.555% | ||
| S3 | 1,060.00 | -2.03% |
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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