WORLD CO.,LTD. Stock Forecast
WORLD CO.,LTD. stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Apr 26, 2024)
The WORLD CO.,LTD. stock price fell by -0.189% on the last day (Friday, 26th Apr 2024) from JP¥2,120.00 to JP¥2,116.00. During the last trading day the stock fluctuated 1.83% from a day low at JP¥2,078.00 to a day high of JP¥2,116.00. The price has fallen in 6 of the last 10 days but is still up by 0.19% over the past 2 weeks. Volume has increased on the last day by 59 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, 148 thousand shares were bought and sold for approximately JP¥312.11 million.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 16.78% during the next 3 months and, with a 90% probability hold a price between JP¥2,384.13 and JP¥2,535.58 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
3612.T Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -2.08%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The WORLD CO.,LTD. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥2,109.00 and JP¥2,057.54. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for WORLD CO.,LTD. stock
WORLD CO.,LTD. finds support from accumulated volume at JP¥2,074.00 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¥38.00 between high and low, or 1.83%. For the last week the stock has had daily average volatility of 2.00%.
Our recommended stop-loss: JP¥2,035.39 (-3.81%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (3612.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect WORLD CO.,LTD. to open at JP¥2,103.33, and during the day (based on 14 day Average True Range), to move between JP¥2,063.43 and JP¥2,168.57, which gives a possible trading interval of +/-JP¥52.57 (+/-2.48%) up or down from last closing price. If WORLD CO.,LTD. takes out the full calculated possible swing range there will be an estimated 4.97% 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¥2,134.00 (0.85%) than the support at JP¥2,074.00 (1.98%), 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 WORLD CO.,LTD. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for WORLD CO.,LTD. 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: 1.825 Buy Candidate Upgraded
Predicted Opening Price for WORLD CO.,LTD. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥2,103.33 ( 0.599%) | JP¥2,116.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3612.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,141.33 | 1.20 % | |
| R2 | 2,126.82 | 0.511 % | ||
| R1 | 2,117.85 | 0.0874 % | ||
| Current price: | 2,116.00 | |||
| Support | S1 | 2,088.82 | -1.28 % | |
| S2 | 2,079.85 | -1.71 % | ||
| S3 | 2,065.33 | -2.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,148.00 | 1.51 % | |
| R2 | 2,141.00 | 1.18 % | ||
| R1 | 2,134.00 | 0.85 % | ||
| Current price | 2,116.00 | |||
| Support | S1 | 2,074.00 | -1.98% | |
| S2 | 1,990.00 | -5.95% | ||
| S3 | 1,979.00 | -6.47% |
3612 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2024 | Aug 29, 2024 | Aug 29, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 01, 2024 | JP¥30.00 | 1.42% |
| 3 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | JP¥0 | 0% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥35.00 | 2.43% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥13.00 | 0.92% |
FAQ
Click here for our free guide on how to buy WORLD CO.,LTD. Stock.
