GLOBAL LINK MANAGEMENT INC. Stock Forecast
GLOBAL LINK MANAGEMENT INC. stock downgraded from Hold/Accumulate to Sell Candidate after Wednesday trading session.
(Updated on May 08, 2024)
The GLOBAL LINK MANAGEMENT INC. stock price fell by -1.35% on the last day (Wednesday, 8th May 2024) from JP¥2,748.00 to JP¥2,711.00. During the last trading day the stock fluctuated 1.96% from a day low at JP¥2,705.00 to a day high of JP¥2,758.00. The price has risen in 7 of the last 10 days and is up by 3.95% over the past 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 -14 thousand shares and in total, 27 thousand shares were bought and sold for approximately JP¥73.47 million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at JP¥2,608.89 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect GLOBAL LINK MANAGEMENT INC. stock with a 90% probability to be traded between JP¥2,613.05 and JP¥3,182.29 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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3486.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.95%. 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 GLOBAL LINK MANAGEMENT INC. 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¥2,715.57 and JP¥2,822.37. 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 GLOBAL LINK MANAGEMENT INC. stock
GLOBAL LINK MANAGEMENT INC. finds support from accumulated volume at JP¥2,681.00 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¥53.00 between high and low, or 1.96%. For the last week, the stock has had daily average volatility of 2.08%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3486.T) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect GLOBAL LINK MANAGEMENT INC. to open at JP¥2,724.67, and during the day (based on 14 day Average True Range), to move between JP¥2,623.61 and JP¥2,798.39, which gives a possible trading interval of +/-JP¥87.39 (+/-3.22%) up or down from last closing price. If GLOBAL LINK MANAGEMENT INC. takes out the full calculated possible swing range there will be an estimated 6.45% 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¥2,681.00 (1.11%) than the resistance at JP¥2,755.00 (1.62%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
GLOBAL LINK MANAGEMENT INC. will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for GLOBAL LINK MANAGEMENT INC., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.17% in the first trading day after earnings release.
Is GLOBAL LINK MANAGEMENT INC. stock A Buy?
GLOBAL LINK MANAGEMENT INC. holds several negative signals and is within a wide and 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.891 Sell Candidate Downgraded
Predicted Opening Price for GLOBAL LINK MANAGEMENT INC. of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| JP¥2,724.67 ( 0.504%) | JP¥2,711.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3486.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,777.67 | 2.46 % | |
| R2 | 2,757.42 | 1.71 % | ||
| R1 | 2,744.91 | 1.25 % | ||
| Current price: | 2,711.00 | |||
| Support | S1 | 2,704.42 | -0.243 % | |
| S2 | 2,691.91 | -0.704 % | ||
| S3 | 2,671.67 | -1.45 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,115.00 | 14.90 % | |
| R2 | 2,792.00 | 2.99 % | ||
| R1 | 2,755.00 | 1.62 % | ||
| Current price | 2,711.00 | |||
| Support | S1 | 2,681.00 | -1.11% | |
| S2 | 2,608.00 | -3.80% | ||
| S3 | 2,508.00 | -7.49% |
3486 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2024 | Dec 27, 2024 | Dec 27, 2024 | JP¥0 | 0% |
| 2 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥52.50 | 4.49% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥35.00 | 3.83% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | JP¥35.00 | 4.33% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | JP¥12.50 | 1.87% |
FAQ
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