DELICA FOODS HOLDINGS CO.,LTD. Stock Forecast
DELICA FOODS HOLDINGS CO.,LTD. stock price up 1.37% on Friday
(Updated on May 10, 2024)
The DELICA FOODS HOLDINGS CO.,LTD. stock price gained 1.37% on the last trading day (Friday, 10th May 2024), rising from JP¥583.00 to JP¥591.00. During the last trading day the stock fluctuated 2.92% from a day low at JP¥582.00 to a day high of JP¥599.00. The price has risen in 5 of the last 10 days and is up by 1.37% 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, 32 thousand more shares were traded than the day before. In total, 45 thousand shares were bought and sold for approximately JP¥26.65 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect DELICA FOODS HOLDINGS CO.,LTD. stock with a 90% probability to be traded between JP¥581.24 and JP¥611.53 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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3392.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 2.43%. Further rise is indicated until a new top pivot has been found. 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. The DELICA FOODS HOLDINGS CO.,LTD. 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¥591.63. On a fall, the stock will find some support from the short-term average at JP¥584.71. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A buy signal from a double bottom formation was found on Friday, April 26, 2024 and based on theory for this formation the price should go up by 6.30% to JP¥628.21 within 33 trading days since signal was issued (Monday, May 13, 2024).
Support, Risk & Stop-loss for DELICA FOODS HOLDINGS CO.,LTD. stock
DELICA FOODS HOLDINGS CO.,LTD. finds support from accumulated volume at JP¥586.00 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¥17.00 between high and low, or 2.92%. For the last week the stock has had daily average volatility of 1.24%.
Our recommended stop-loss: JP¥559.15 (-5.39%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (3392.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect DELICA FOODS HOLDINGS CO.,LTD. to open at JP¥590.67, and during the day (based on 14 day Average True Range), to move between JP¥584.41 and JP¥597.59, which gives a possible trading interval of +/-JP¥6.59 (+/-1.11%) up or down from last closing price. If DELICA FOODS HOLDINGS CO.,LTD. takes out the full calculated possible swing range there will be an estimated 2.23% 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¥596.00 (0.85%) than the support at JP¥586.00 (0.85%), 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 DELICA FOODS HOLDINGS CO.,LTD. stock A Buy?
DELICA FOODS HOLDINGS CO.,LTD. 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: 0.400 Hold/Accumulate Unchanged
Predicted Opening Price for DELICA FOODS HOLDINGS CO.,LTD. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥590.67 ( 0.0564%) | JP¥591.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3392.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 607.67 | 2.82 % | |
| R2 | 601.17 | 1.72 % | ||
| R1 | 597.16 | 1.04 % | ||
| Current price: | 591.00 | |||
| Support | S1 | 584.17 | -1.16 % | |
| S2 | 580.16 | -1.83 % | ||
| S3 | 573.67 | -2.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 606.00 | 2.54 % | |
| R2 | 601.00 | 1.69 % | ||
| R1 | 596.00 | 0.85 % | ||
| Current price | 591.00 | |||
| Support | S1 | 586.00 | -0.85% | |
| S2 | 585.00 | -1.02% | ||
| S3 | 583.00 | -1.35% |
3392 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥8.00 | 1.47% |
| 2 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥5.00 | 0.91% |
| 3 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥5.00 | 0.766% |
| 4 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥5.00 | 0.746% |
| 5 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥8.00 | 1.17% |
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