BAROQUE JAPAN LIMITED Stock Forecast
BAROQUE JAPAN LIMITED stock downgraded to Hold/Accumulate
(Updated on Apr 26, 2024)
The BAROQUE JAPAN LIMITED stock price fell by -0.263% on the last day (Friday, 26th Apr 2024) from JP¥760.00 to JP¥758.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 0.529% from a day low at JP¥756.00 to a day high of JP¥760.00. The price has been going up and down for this period, and there has been a -0.13% loss for the last 2 weeks. Volume has increased on the last day by 6 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 85 thousand shares were bought and sold for approximately JP¥64.20 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.84% during the next 3 months and, with a 90% probability hold a price between JP¥627.87 and JP¥711.08 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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3548.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, March 11, 2024, and so far it has risen 2.02%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The BAROQUE JAPAN LIMITED stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥758.57 and JP¥758.51. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for BAROQUE JAPAN LIMITED stock
BAROQUE JAPAN LIMITED finds support from accumulated volume at JP¥751.00 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¥4.00 between high and low, or 0.529%. For the last week the stock has had daily average volatility of 0.687%.
Our recommended stop-loss: JP¥724.53 (-4.42%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 33 days ago.)
Trading Expectations (3548.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect BAROQUE JAPAN LIMITED to open at JP¥758.00, and during the day (based on 14 day Average True Range), to move between JP¥750.21 and JP¥765.79, which gives a possible trading interval of +/-JP¥7.79 (+/-1.03%) up or down from last closing price. If BAROQUE JAPAN LIMITED takes out the full calculated possible swing range there will be an estimated 2.06% 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¥760.00 (0.26%) than the support at JP¥751.00 (0.92%), 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 BAROQUE JAPAN LIMITED stock A Buy?
BAROQUE JAPAN LIMITED 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.793 Hold/Accumulate Downgraded
Predicted Opening Price for BAROQUE JAPAN LIMITED of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥758.00 ( 0%) | JP¥758.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3548.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 762.00 | 0.528 % | |
| R2 | 760.47 | 0.326 % | ||
| R1 | 759.53 | 0.202 % | ||
| Current price: | 758.00 | |||
| Support | S1 | 756.47 | -0.202 % | |
| S2 | 755.53 | -0.326 % | ||
| S3 | 754.00 | -0.528 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 820.00 | 8.18 % | |
| R2 | 791.00 | 4.35 % | ||
| R1 | 760.00 | 0.264 % | ||
| Current price | 758.00 | |||
| Support | S1 | 751.00 | -0.92% | |
| S2 | 748.00 | -1.32% | ||
| S3 | 743.00 | -1.98% |
3548 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 27, 2025 | Feb 27, 2025 | Feb 27, 2025 | JP¥0 | 0% |
| 2 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | JP¥38.00 | 4.67% |
| 3 | Feb 25, 2022 | Feb 25, 2022 | Feb 25, 2022 | JP¥38.00 | 4.82% |
| 4 | Feb 25, 2021 | Feb 25, 2021 | Feb 25, 2021 | JP¥32.00 | 4.15% |
| 5 | Feb 27, 2020 | Feb 27, 2020 | Feb 27, 2020 | JP¥38.00 | 4.50% |
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