BALNIBARBI Co.,Ltd. Stock Forecast
Red day on Thursday for BALNIBARBI Co.,Ltd. stock after losing 1.59%
(Updated on May 02, 2024)
The BALNIBARBI Co.,Ltd. stock price fell by -1.59% on the last day (Thursday, 2nd May 2024) from JP¥1,448.00 to JP¥1,425.00. During the last trading day the stock fluctuated 1.83% from a day low at JP¥1,422.00 to a day high of JP¥1,448.00. The price has been going up and down for this period, and there has been a 2.52% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -23 thousand shares and in total, 15 thousand shares were bought and sold for approximately JP¥21.66 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 20.19% during the next 3 months and, with a 90% probability hold a price between JP¥1,619.84 and JP¥1,830.48 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.
3418.T Signals & Forecast
The BALNIBARBI Co.,Ltd. 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¥1,451.71. On a fall, the stock will find some support from the long-term average at approximately JP¥1,364.23. 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. 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 Tuesday, April 23, 2024, and so far it has fallen -4.81%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for BALNIBARBI Co.,Ltd. stock
BALNIBARBI Co.,Ltd. finds support from accumulated volume at JP¥1,365.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved JP¥26.00 between high and low, or 1.83%. For the last week, the stock has had daily average volatility of 2.30%.
Our recommended stop-loss: JP¥1,349.66 (-5.29%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (3418.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect BALNIBARBI Co.,Ltd. to open at JP¥1,431.67, and during the day (based on 14 day Average True Range), to move between JP¥1,388.46 and JP¥1,461.54, which gives a possible trading interval of +/-JP¥36.54 (+/-2.56%) up or down from last closing price. If BALNIBARBI Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 5.13% 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¥1,439.00 (0.98%) than the support at JP¥1,365.00 (4.21%), 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 BALNIBARBI Co.,Ltd. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for BALNIBARBI Co.,Ltd. stock to perform well in the short-term.
Current score: 1.123 Buy Candidate Unchanged
Predicted Opening Price for BALNIBARBI Co.,Ltd. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥1,431.67 ( 0.468%) | JP¥1,425.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3418.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,457.67 | 2.29 % | |
| R2 | 1,447.73 | 1.60 % | ||
| R1 | 1,441.60 | 1.16 % | ||
| Current price: | 1,425.00 | |||
| Support | S1 | 1,421.73 | -0.229 % | |
| S2 | 1,415.60 | -0.660 % | ||
| S3 | 1,405.67 | -1.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,497.00 | 5.05 % | |
| R2 | 1,448.00 | 1.61 % | ||
| R1 | 1,439.00 | 0.98 % | ||
| Current price | 1,425.00 | |||
| Support | S1 | 1,365.00 | -4.21% | |
| S2 | 1,304.00 | -8.49% | ||
| S3 | 1,223.00 | -14.18% |
3418 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 30, 2024 | Jul 30, 2024 | Jul 30, 2024 | JP¥0 | 0% |
| 2 | Jul 28, 2023 | Jul 28, 2023 | Jul 28, 2023 | JP¥2.50 | 0.166% |
| 3 | Jan 30, 2023 | Jan 30, 2023 | Jan 30, 2023 | JP¥2.50 | 0.254% |
| 4 | Jul 28, 2022 | Jul 28, 2022 | Jul 28, 2022 | JP¥5.00 | 0.508% |
| 5 | Jan 28, 2022 | Jan 28, 2022 | Jan 28, 2022 | JP¥2.50 | 0.252% |
FAQ
Click here for our free guide on how to buy BALNIBARBI Co.,Ltd. Stock.
