LOCONDO,Inc. Stock Forecast
Strong day for LOCONDO,Inc. stock price on Friday rising 5.02% to JP¥1,693.00
(Updated on May 31, 2024)
The LOCONDO,Inc. stock price gained 5.02% on the last trading day (Friday, 31st May 2024), rising from JP¥1,612.00 to JP¥1,693.00. During the last trading day the stock fluctuated 6.50% from a day low at JP¥1,599.00 to a day high of JP¥1,703.00. The price has risen in 7 of the last 10 days and is up by 10.08% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 35 thousand more shares were traded than the day before. In total, 220 thousand shares were bought and sold for approximately JP¥373.14 million.
Given the current short-term trend, the stock is expected to fall -48.43% during the next 3 months and, with a 90% probability hold a price between JP¥279.31 and JP¥873.11 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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3558.T Signals & Forecast
Mostly positive signals in the chart today. The LOCONDO,Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥1,602.29 and JP¥1,611.40. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 34.69%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for LOCONDO,Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥1,512.00 and JP¥1,442.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, LOCONDO,Inc. finds support just below today's level at JP¥1,512.00. If this is broken, then the next support from accumulated volume will be at JP¥1,442.00 and JP¥1,405.00.
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¥104.00 between high and low, or 6.50%. For the last week, the stock has had daily average volatility of 3.86%.
Our recommended stop-loss: JP¥1,632.39 (-3.58%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 47 days ago.)
Trading Expectations (3558.T) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect LOCONDO,Inc. to open at JP¥1,665.00, and during the day (based on 14 day Average True Range), to move between JP¥1,620.44 and JP¥1,765.56, which gives a possible trading interval of +/-JP¥72.56 (+/-4.29%) up or down from last closing price. If LOCONDO,Inc. takes out the full calculated possible swing range there will be an estimated 8.57% 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¥1,760.00 (3.96%) than the support at JP¥1,512.00 (10.69%), 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?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.939 Buy Candidate Upgraded
Predicted Opening Price for LOCONDO,Inc. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| JP¥1,665.00 ( 1.65%) | JP¥1,693.00 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 1,769.00 | 4.49 % | |
| R2 | 1,729.27 | 2.14 % | ||
| R1 | 1,704.73 | 0.693 % | ||
| Current price: | 1,693.00 | |||
| Support | S1 | 1,625.27 | -4.00 % | |
| S2 | 1,600.73 | -5.45 % | ||
| S3 | 1,561.00 | -7.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 1,760.00 | 3.96 % | ||
| Current price | 1,693.00 | |||
| Support | S1 | 1,512.00 | -10.69% | |
| S2 | 1,442.00 | -14.83% | ||
| S3 | 1,405.00 | -17.01% |
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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