Good Com Asset Co.,Ltd. Stock Forecast
Stronger technical forecast for Good Com Asset Co.,Ltd. stock price after Thursday trading.
(Updated on May 02, 2024)
The Good Com Asset Co.,Ltd. stock price fell by -1.00% on the last day (Thursday, 2nd May 2024) from JP¥801.00 to JP¥793.00. During the last trading day the stock fluctuated 1.90% from a day low at JP¥790.00 to a day high of JP¥805.00. The price has been going up and down for this period, and there has been a -0.88% loss 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 -152 thousand shares and in total, 207 thousand shares were bought and sold for approximately JP¥163.83 million.
The stock has broken the wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at JP¥796.10. A reaction back to this level may hold a second chance to get out before further falls.
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3475.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.02%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Good Com Asset Co.,Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥811.14 and JP¥815.66. A break-up above any of these levels will issue buy signals. 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 Good Com Asset Co.,Ltd. stock
Good Com Asset Co.,Ltd. finds support from accumulated volume at JP¥785.00 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¥15.00 (1.90%) between high and low. For the last week, the stock has had daily average volatility of 3.32%.
Our recommended stop-loss: JP¥745.93 (-5.94%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (3475.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Good Com Asset Co.,Ltd. to open at JP¥796.00, and during the day (based on 14 day Average True Range), to move between JP¥762.46 and JP¥823.54, which gives a possible trading interval of +/-JP¥30.54 (+/-3.85%) up or down from last closing price. If Good Com Asset Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 7.70% 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¥785.00 (1.01%) than the resistance at JP¥823.00 (3.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Good Com Asset Co.,Ltd. stock A Buy?
Good Com Asset Co.,Ltd. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.059 Hold/Accumulate Upgraded
Predicted Opening Price for Good Com Asset Co.,Ltd. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥796.00 ( 0.378%) | JP¥793.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3475.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 811.00 | 2.27 % | |
| R2 | 805.27 | 1.55 % | ||
| R1 | 801.73 | 1.10 % | ||
| Current price: | 793.00 | |||
| Support | S1 | 790.27 | -0.344 % | |
| S2 | 786.73 | -0.791 % | ||
| S3 | 781.00 | -1.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 914.00 | 15.26 % | |
| R2 | 867.00 | 9.33 % | ||
| R1 | 823.00 | 3.78 % | ||
| Current price | 793.00 | |||
| Support | S1 | 785.00 | -1.01% | |
| S2 | 750.00 | -5.42% | ||
| S3 | 715.00 | -9.84% |
3475 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 30, 2024 | Oct 30, 2024 | Oct 30, 2024 | JP¥0 | 0% |
| 2 | Oct 28, 2022 | Oct 28, 2022 | Oct 28, 2022 | JP¥3.00 | 0.412% |
| 3 | Oct 28, 2021 | Oct 28, 2021 | Oct 28, 2021 | JP¥20.50 | 3.12% |
| 4 | Oct 29, 2020 | Oct 29, 2020 | Oct 29, 2020 | JP¥17.00 | 2.29% |
| 5 | Oct 30, 2019 | Oct 30, 2019 | Oct 30, 2019 | JP¥11.75 | 2.61% |
FAQ
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