Mitsubishi Estate Logistics REIT Stock Forecast
Green day on Tuesday for Mitsubishi Estate Logistics REIT stock after gaining 0.266%
(Updated on Jul 02, 2024)
The Mitsubishi Estate Logistics REIT stock price gained 0.266% on the last trading day (Tuesday, 2nd Jul 2024), rising from JP¥376,000.00 to JP¥377,000.00. During the last trading day the stock fluctuated 0.668% from a day low at JP¥374,500.00 to a day high of JP¥377,000.00. The price has risen in 6 of the last 10 days but is still down by -0.26% for this period. Volume fell on the last day by -459 shares and in total, 1 thousand shares were bought and sold for approximately JP¥463.33 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥372,512.96 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.01% during the next 3 months and, with a 90% probability hold a price between JP¥357,559.96 and JP¥380,195.32 at the end of this 3-month period.
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3481.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 0.399%. 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 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. The Mitsubishi Estate Logistics REIT 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¥379,571.43 and JP¥384,885.71. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Mitsubishi Estate Logistics REIT stock
Mitsubishi Estate Logistics REIT finds support from accumulated volume at JP¥376,000.00 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¥2,500.00 between high and low, or 0.668%. For the last week the stock has had daily average volatility of 1.22%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3481.T) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Mitsubishi Estate Logistics REIT Investment Corporation to open at JP¥376,166.67, and during the day (based on 14 day Average True Range), to move between JP¥372,446.82 and JP¥381,553.18, which gives a possible trading interval of +/-JP¥4,553.18 (+/-1.21%) up or down from last closing price. If Mitsubishi Estate Logistics REIT Investment Corporation takes out the full calculated possible swing range there will be an estimated 2.42% 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¥376,000.00 (0.27%) than the resistance at JP¥382,000.00 (1.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Mitsubishi Estate Logistics REIT Investment Corporation stock A Buy?
Mitsubishi Estate Logistics REIT holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.481 Sell Candidate Unchanged
Predicted Opening Price for Mitsubishi Estate Logistics REIT Investment Corporation of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| JP¥376,166.67 ( 0.221%) | JP¥377,000.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3481.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 378,666.67 | 0.442% |
| R2 | 377,711.67 | 0.189% |
| R1 | 377,121.67 | 0.0323% |
| Price | 377,000.00 | |
| S1 | 375,211.67 | -0.474% |
| S2 | 374,621.67 | -0.631% |
| S3 | 373,666.67 | -0.88% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 387,000.00 | 2.65% |
| R2 | 383,000.00 | 1.59% |
| R1 | 382,000.00 | 1.33% |
| Price | 377,000.00 | |
| S1 | 376,000.00 | -0.265% |
| S2 | 375,500.00 | -0.398% |
| S3 | 0 | - |
3481 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2024 | Aug 29, 2024 | Nov 01, 2024 | JP¥9,382.00 | 2.49% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | JP¥7,963.00 | 2.28% |
| 3 | Aug 30, 2023 | Aug 30, 2023 | Aug 30, 2023 | JP¥7,832.00 | 1.99% |
| 4 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | JP¥7,628.00 | 1.89% |
| 5 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | JP¥7,353.00 | 1.52% |
FAQ
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