Takara Leben Real Estate Investment Corp Stock Forecast
Stronger technical forecast for Takara Leben Real Estate Investment Corp stock price after Friday trading.
(Updated on May 31, 2024)
The Takara Leben Real Estate Investment Corp stock price gained 0.403% on the last trading day (Friday, 31st May 2024), rising from JP¥99,300.00 to JP¥99,700.00. During the last trading day the stock fluctuated 1.01% from a day low at JP¥98,800.00 to a day high of JP¥99,800.00. The price has fallen in 6 of the last 10 days and is down by -2.06% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 287 more shares were traded than the day before. In total, 5 thousand shares were bought and sold for approximately JP¥512.86 million.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥98,603.54 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 4.65% during the next 3 months and, with a 90% probability hold a price between JP¥103,190.60 and JP¥110,733.42 at the end of this 3-month period.
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3492.T Signals & Forecast
Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Takara Leben Real Estate Investment Corp 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¥100,385.71 and JP¥101,685.71. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -4.50%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Takara Leben Real Estate Investment Corp stock
Takara Leben Real Estate Investment Corp finds support from accumulated volume at JP¥99,300.00 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¥1,000.00 between high and low, or 1.01%. For the last week the stock has had daily average volatility of 1.17%.
Our recommended stop-loss: JP¥93,299.26 (-6.42%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 60 days ago.)
Trading Expectations (3492.T) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Takara Leben Real Estate Investment Corporation to open at JP¥99,433.33, and during the day (based on 14 day Average True Range), to move between JP¥98,479.97 and JP¥100,920.03, which gives a possible trading interval of +/-JP¥1,220.03 (+/-1.22%) up or down from last closing price. If Takara Leben Real Estate Investment Corporation takes out the full calculated possible swing range there will be an estimated 2.45% 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¥99,300.00 (0.40%) than the resistance at JP¥100,700.00 (1.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Takara Leben Real Estate Investment Corporation stock A Buy?
Takara Leben Real Estate Investment Corp 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: 0.166 Hold/Accumulate Upgraded
Predicted Opening Price for Takara Leben Real Estate Investment Corporation of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| JP¥99,433.33 ( 0.267%) | JP¥99,700.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3492.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 100,433.33 | 0.736 % | |
| R2 | 100,051.33 | 0.352 % | ||
| R1 | 99,815.33 | 0.116 % | ||
| Current price: | 99,700.00 | |||
| Support | S1 | 99,051.33 | -0.651 % | |
| S2 | 98,815.33 | -0.89 % | ||
| S3 | 98,433.33 | -1.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 101,600.00 | 1.91 % | |
| R2 | 101,400.00 | 1.71 % | ||
| R1 | 100,700.00 | 1.00 % | ||
| Current price | 99,700.00 | |||
| Support | S1 | 99,300.00 | -0.401% | |
| S2 | 96,800.00 | -2.91% | ||
| S3 | 93,900.00 | -5.82% |
3492 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2024 | Aug 29, 2024 | Aug 29, 2024 | JP¥0 | 0% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | JP¥0 | 0% |
| 3 | Aug 30, 2023 | Aug 30, 2023 | Aug 30, 2023 | JP¥2,600.00 | 2.74% |
| 4 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | JP¥2,710.00 | 2.98% |
| 5 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | JP¥3,008.00 | 2.81% |
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