Poletowin Pitcrew Holdings,Inc. Stock Forecast
Evaluation of Poletowin Pitcrew Holdings,Inc. stock downgraded after the last trading session.
(Updated on Jun 17, 2024)
The Poletowin Pitcrew Holdings,Inc. stock price fell by -0.403% on the last day (Monday, 17th Jun 2024) from JP¥496.00 to JP¥494.00. During the last trading day the stock fluctuated 2.68% from a day low at JP¥485.00 to a day high of JP¥498.00. The price has fallen in 6 of the last 10 days but is still up by 6.7% over the past 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 -57 thousand shares and in total, 108 thousand shares were bought and sold for approximately JP¥53.35 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at JP¥495.53 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -5.51% during the next 3 months and, with a 90% probability hold a price between JP¥419.42 and JP¥468.21 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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3657.T Signals & Forecast
The Poletowin Pitcrew Holdings,Inc. 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¥483.14 and JP¥476.34. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -0.403%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Friday, May 10, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Friday, May 10, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Poletowin Pitcrew Holdings,Inc. stock
Poletowin Pitcrew Holdings,Inc. finds support from accumulated volume at JP¥482.00 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¥13.00 between high and low, or 2.68%. For the last week, the stock has had daily average volatility of 3.42%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3657.T) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Poletowin Pitcrew Holdings,Inc. to open at JP¥492.33, and during the day (based on 14 day Average True Range), to move between JP¥480.50 and JP¥507.50, which gives a possible trading interval of +/-JP¥13.50 (+/-2.73%) up or down from last closing price. If Poletowin Pitcrew Holdings,Inc. takes out the full calculated possible swing range there will be an estimated 5.47% 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¥496.00 (0.40%) than the support at JP¥482.00 (2.43%), 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 Poletowin Pitcrew Holdings,Inc. stock A Buy?
Poletowin Pitcrew Holdings,Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. 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 Sell candidate.
Current score: -1.646 Sell Candidate Downgraded
Predicted Opening Price for Poletowin Pitcrew Holdings,Inc. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| JP¥492.33 ( 0.337%) | JP¥494.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3657.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 505.33 | 2.29% |
| R2 | 500.37 | 1.29% |
| R1 | 497.30 | 0.668% |
| Price | 494.00 | |
| S1 | 487.37 | -1.34% |
| S2 | 484.30 | -1.96% |
| S3 | 479.33 | -2.97% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 502.00 | 1.62% |
| R2 | 497.00 | 0.607% |
| R1 | 496.00 | 0.405% |
| Price | 494.00 | |
| S1 | 482.00 | -2.43% |
| S2 | 480.00 | -2.83% |
| S3 | 463.00 | -6.28% |
3657 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 30, 2025 | Jan 30, 2025 | Jan 30, 2025 | JP¥0 | 0% |
| 2 | Jul 30, 2024 | Jul 30, 2024 | Oct 01, 2024 | JP¥8.00 | 1.62% |
| 3 | Jan 30, 2024 | Jan 30, 2024 | Apr 26, 2024 | JP¥16.00 | 3.25% |
| 4 | Jan 30, 2023 | Jan 30, 2023 | Jan 30, 2023 | JP¥15.00 | 1.72% |
| 5 | Jan 28, 2022 | Jan 28, 2022 | Jan 28, 2022 | JP¥14.00 | 1.52% |
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