Enigmo Inc. Stock Forecast
Enigmo Inc. stock upgraded to Hold/Accumulate.
(Updated on May 10, 2024)
No changes to the price of Enigmo Inc. stock on the last trading day (Friday, 10th May 2024). During the last trading day the stock fluctuated 1.50% from a day low at JP¥333.00 to a day high of JP¥338.00. The price has fallen in 5 of the last 10 days and is down by -0.89% for this period.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥332.09 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.07% during the next 3 months and, with a 90% probability hold a price between JP¥321.91 and JP¥405.64 at the end of this 3-month period.
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3665.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 0.300%. 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 Enigmo 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¥338.86 and JP¥365.46. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Enigmo Inc. stock
Enigmo Inc. finds support from accumulated volume at JP¥333.00 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¥5.00 between high and low, or 1.50%. For the last week, the stock has had daily average volatility of 2.63%.
Our recommended stop-loss: JP¥313.81 (-6.04%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (3665.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Enigmo Inc. to open at JP¥335.00, and during the day (based on 14 day Average True Range), to move between JP¥323.65 and JP¥344.35, which gives a possible trading interval of +/-JP¥10.35 (+/-3.10%) up or down from last closing price. If Enigmo Inc. takes out the full calculated possible swing range there will be an estimated 6.20% 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¥335.00 (0.30%) than the support at JP¥333.00 (0.30%), 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 Enigmo Inc. stock A Buy?
Enigmo Inc. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.648 Hold/Accumulate Upgraded
Predicted Opening Price for Enigmo Inc. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥335.00 ( 0.299%) | JP¥334.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3665.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 340.00 | 1.80 % | |
| R2 | 338.09 | 1.22 % | ||
| R1 | 336.91 | 0.87 % | ||
| Current price: | 334.00 | |||
| Support | S1 | 333.09 | -0.272 % | |
| S2 | 331.91 | -0.626 % | ||
| S3 | 330.00 | -1.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 410.00 | 22.75 % | |
| R2 | 391.00 | 17.07 % | ||
| R1 | 335.00 | 0.299 % | ||
| Current price | 334.00 | |||
| Support | S1 | 333.00 | -0.299% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
3665 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 30, 2024 | Jan 30, 2024 | Jan 30, 2024 | JP¥0 | 0% |
| 2 | Jan 30, 2023 | Jan 30, 2023 | Jan 30, 2023 | JP¥10.00 | 1.58% |
| 3 | Jan 28, 2022 | Jan 28, 2022 | Jan 28, 2022 | JP¥10.00 | 1.60% |
| 4 | Jan 28, 2021 | Jan 28, 2021 | Jan 28, 2021 | JP¥10.00 | 0.83% |
| 5 | Jan 30, 2020 | Jan 30, 2020 | Jan 30, 2020 | JP¥7.00 | 0.81% |
FAQ
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