LOCONDO,Inc. Stock Forecast
LOCONDO,Inc. stock price down 1.38% on Tuesday
(Updated on Jul 02, 2024)
The LOCONDO,Inc. stock price fell by -1.38% on the last day (Tuesday, 2nd Jul 2024) from JP¥1,592.00 to JP¥1,570.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.81% from a day low at JP¥1,549.00 to a day high of JP¥1,608.00. The price has been going up and down for this period, and there has been a -10.9% loss for the last 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 -121 thousand shares and in total, 189 thousand shares were bought and sold for approximately JP¥296.10 million.
The stock lies in the middle of a very 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 -13.08% during the next 3 months and, with a 90% probability hold a price between JP¥864.05 and JP¥1,890.23 at the end of this 3-month period.
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3558.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 24.90%. 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 LOCONDO,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¥1,668.29 and JP¥1,672.77. 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 LOCONDO,Inc. stock
LOCONDO,Inc. finds support from accumulated volume at JP¥1,512.00 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¥59.00 between high and low, or 3.81%. For the last week, the stock has had daily average volatility of 3.48%.
LOCONDO,Inc. is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3558.T) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect LOCONDO,Inc. to open at JP¥1,575.67, and during the day (based on 14 day Average True Range), to move between JP¥1,515.75 and JP¥1,624.25, which gives a possible trading interval of +/-JP¥54.25 (+/-3.46%) up or down from last closing price. If LOCONDO,Inc. takes out the full calculated possible swing range there will be an estimated 6.91% 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¥1,592.00 (1.40%) than the support at JP¥1,512.00 (3.69%), 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 LOCONDO,Inc. stock A Buy?
LOCONDO,Inc. holds several negative signals and is within a very 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.
Current score: -2.323 Sell Candidate Unchanged
Predicted Opening Price for LOCONDO,Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| JP¥1,575.67 ( 0.361%) | JP¥1,570.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3558.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,634.67 | 4.12% |
| R2 | 1,612.13 | 2.68% |
| R1 | 1,598.20 | 1.80% |
| Price | 1,570.00 | |
| S1 | 1,553.13 | -1.07% |
| S2 | 1,539.20 | -1.96% |
| S3 | 1,516.67 | -3.40% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,783.00 | 13.57% |
| R2 | 1,760.00 | 12.10% |
| R1 | 1,592.00 | 1.40% |
| Price | 1,570.00 | |
| S1 | 1,512.00 | -3.69% |
| S2 | 1,405.00 | -10.51% |
| S3 | 1,257.00 | -19.94% |
3558 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 25, 2021 | Feb 25, 2021 | Feb 25, 2021 | JP¥10.00 | 0.461% |
FAQ
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