Marimo Regional Revitalization REIT,Inc. Stock Forecast

Green day on Wednesday for Marimo Regional Revitalization REIT,Inc.
(Updated on Apr 24, 2024)

3470.T Signals & Forecast

The Marimo Regional Revitalization REIT,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¥131,157.14 and JP¥125,822.86. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 13.21%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Monday, November 27, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Marimo Regional Revitalization REIT,Inc. stock

Marimo Regional Revitalization REIT,Inc. finds support from accumulated volume at JP¥128,800.00 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¥1,100.00 (0.84%) between high and low. For the last week, the stock has had daily average volatility of 1.12%.

Our recommended stop-loss: JP¥127,723.20 (-3.24%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 29 days ago.)

Trading Expectations (3470.T) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect Marimo Regional Revitalization REIT,Inc. to open at JP¥131,833.33, and during the day (based on 14 day Average True Range), to move between JP¥130,352.84 and JP¥133,647.16, which gives a possible trading interval of +/-JP¥1,647.16 (+/-1.25%) up or down from last closing price. If Marimo Regional Revitalization REIT,Inc. takes out the full calculated possible swing range there will be an estimated 2.50% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ JP¥128,800.00, some JP¥3,200.00 (2.42%) from the current price of JP¥132,000.00, our system finds the risk reward attractive.

Is Marimo Regional Revitalization REIT,Inc. 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 Marimo Regional Revitalization REIT,Inc. stock to perform well in the short-term.

Current score: 2.270 Buy Candidate Unchanged

Predicted Opening Price for Marimo Regional Revitalization REIT,Inc. of Thursday, April 25, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.