COLOPL,Inc. Stock Forecast
Stronger technical forecast for COLOPL,Inc. stock price after Tuesday trading.
(Updated on May 07, 2024)
The COLOPL,Inc. stock price gained 0.82% on the last trading day (Tuesday, 7th May 2024), rising from JP¥608.00 to JP¥613.00. During the last trading day the stock fluctuated 1.48% from a day low at JP¥609.00 to a day high of JP¥618.00. The price has risen in 7 of the last 10 days and is up by 3.55% over the past 2 weeks. Volume fell on the last day by -122 thousand shares and in total, 176 thousand shares were bought and sold for approximately JP¥107.70 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and weak 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 6.54% during the next 3 months and, with a 90% probability hold a price between JP¥613.83 and JP¥679.50 at the end of this 3-month period.
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3668.T Signals & Forecast
The COLOPL,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¥607.71 and JP¥604.66. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Monday, April 01, 2024, and so far it has fallen -1.45%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for COLOPL,Inc. stock
COLOPL,Inc. finds support from accumulated volume at JP¥592.00 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¥9.00 between high and low, or 1.48%. For the last week the stock has had daily average volatility of 2.43%.
Our recommended stop-loss: JP¥590.52 (-3.67%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (3668.T) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect COLOPL,Inc. to open at JP¥613.33, and during the day (based on 14 day Average True Range), to move between JP¥600.55 and JP¥625.45, which gives a possible trading interval of +/-JP¥12.45 (+/-2.03%) up or down from last closing price. If COLOPL,Inc. takes out the full calculated possible swing range there will be an estimated 4.06% 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¥614.00 (0.16%) than the support at JP¥592.00 (3.43%), 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.
Earnings coming up
COLOPL,Inc. will release earnings BMO on Wednesday, May 08, 2024. We will update the financials statements for COLOPL,Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.83% in the first trading day after earnings release.
Is COLOPL,Inc. 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 COLOPL,Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.050 Buy Candidate Upgraded
Predicted Opening Price for COLOPL,Inc. of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| JP¥613.33 ( 0.0544%) | JP¥613.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3668.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 622.33 | 1.52 % | |
| R2 | 618.90 | 0.96 % | ||
| R1 | 616.77 | 0.615 % | ||
| Current price: | 613.00 | |||
| Support | S1 | 609.90 | -0.506 % | |
| S2 | 607.77 | -0.85 % | ||
| S3 | 604.33 | -1.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 621.00 | 1.31 % | |
| R2 | 616.00 | 0.489 % | ||
| R1 | 614.00 | 0.163 % | ||
| Current price | 613.00 | |||
| Support | S1 | 592.00 | -3.43% | |
| S2 | 589.00 | -3.92% | ||
| S3 | 583.00 | -4.89% |
3668 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 28, 2023 | Sep 28, 2023 | Dec 26, 2023 | JP¥20.00 | 3.56% |
| 2 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥20.00 | 2.87% |
| 3 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥20.00 | 2.44% |
| 4 | Sep 29, 2020 | Sep 29, 2020 | Sep 29, 2020 | JP¥25.00 | 2.74% |
| 5 | Sep 27, 2019 | Sep 27, 2019 | Sep 27, 2019 | JP¥17.00 | 1.15% |
FAQ
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