Good Com Asset Co.,Ltd. Stock Forecast
Good Com Asset Co.,Ltd. stock price up 0.123% on Friday
(Updated on May 17, 2024)
The Good Com Asset Co.,Ltd. stock price gained 0.123% on the last trading day (Friday, 17th May 2024), rising from JP¥810.00 to JP¥811.00. During the last trading day the stock fluctuated 2.49% from a day low at JP¥802.00 to a day high of JP¥822.00. The price has risen in 6 of the last 10 days and is up by 1.25% 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, 50 thousand more shares were traded than the day before. In total, 173 thousand shares were bought and sold for approximately JP¥139.90 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥806.88 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 8.57% during the next 3 months and, with a 90% probability hold a price between JP¥876.03 and JP¥1,044.65 at the end of this 3-month period.
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3475.T Signals & Forecast
There are mixed signals in the stock today. 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¥820.14 and JP¥827.83. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.31%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
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.
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¥20.00 between high and low, or 2.49%. For the last week the stock has had daily average volatility of 2.29%.
Our recommended stop-loss: JP¥764.44 (-5.74%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (3475.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Good Com Asset Co.,Ltd. to open at JP¥811.67, and during the day (based on 14 day Average True Range), to move between JP¥786.46 and JP¥835.54, which gives a possible trading interval of +/-JP¥24.54 (+/-3.03%) 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 6.05% 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¥823.00 (1.48%) than the support at JP¥785.00 (3.21%), 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 Good Com Asset Co.,Ltd. stock A Buy?
Good Com Asset 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: -0.328 Hold/Accumulate Unchanged
Predicted Opening Price for Good Com Asset Co.,Ltd. of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
JP¥811.67 ( 0.0822%) | JP¥811.00 |
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 | 831.67 | 2.55 % | |
R2 | 824.03 | 1.61 % | ||
R1 | 819.31 | 1.02 % | ||
Current price: | 811.00 | |||
Support | S1 | 804.03 | -0.86 % | |
S2 | 799.31 | -1.44 % | ||
S3 | 791.67 | -2.38 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 914.00 | 12.70 % | |
R2 | 867.00 | 6.91 % | ||
R1 | 823.00 | 1.48 % | ||
Current price | 811.00 | |||
Support | S1 | 785.00 | -3.21% | |
S2 | 746.00 | -8.01% | ||
S3 | 715.00 | -11.84% |
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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