Cross Marketing Group Inc. Stock Forecast
Evaluation of Cross Marketing Group Inc. stock downgraded after the last trading session.
(Updated on Jun 19, 2024)
The Cross Marketing Group Inc. stock price fell by -2.28% on the last day (Wednesday, 19th Jun 2024) from JP¥615.00 to JP¥601.00. During the last trading day the stock fluctuated 4.04% from a day low at JP¥594.00 to a day high of JP¥618.00. The price has risen in 5 of the last 10 days and is up by 4.89% over the past 2 weeks. Volume has increased on the last day by 25 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, 107 thousand shares were bought and sold for approximately JP¥64.31 million.
The stock lies in the upper part of a very wide and strong rising 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¥623.88 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 10.61% during the next 3 months and, with a 90% probability hold a price between JP¥549.27 and JP¥690.06 at the end of this 3-month period.
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3675.T Signals & Forecast
The Cross Marketing Group Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥607.71. On a fall, the stock will find some support from the long-term average at approximately JP¥542.91. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Tuesday, June 11, 2024, and so far it has fallen -2.75%. 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.
Support, Risk & Stop-loss for Cross Marketing Group Inc. stock
Cross Marketing Group Inc. finds support from accumulated volume at JP¥583.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved JP¥24.00 between high and low, or 4.04%. For the last week, the stock has had daily average volatility of 2.75%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3675.T) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Cross Marketing Group Inc. to open at JP¥604.33, and during the day (based on 14 day Average True Range), to move between JP¥581.82 and JP¥620.18, which gives a possible trading interval of +/-JP¥19.18 (+/-3.19%) up or down from last closing price. If Cross Marketing Group Inc. takes out the full calculated possible swing range there will be an estimated 6.38% 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¥610.00 (1.50%) than the support at JP¥583.00 (3.00%), 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 Cross Marketing Group Inc. stock A Buy?
The Cross Marketing Group Inc. stock holds several negative signals and despite the positive trend, we believe Cross Marketing Group Inc. will perform weakly in the next couple of days or weeks. Therefore, we 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: -1.669 Sell Candidate Downgraded
Predicted Opening Price for Cross Marketing Group Inc. of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| JP¥604.33 ( 0.555%) | JP¥601.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3675.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 628.33 | 4.55% |
| R2 | 619.17 | 3.02% |
| R1 | 613.50 | 2.08% |
| Price | 601.00 | |
| S1 | 595.17 | -0.97% |
| S2 | 589.50 | -1.91% |
| S3 | 580.33 | -3.44% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 618.00 | 2.83% |
| R2 | 615.00 | 2.33% |
| R1 | 610.00 | 1.50% |
| Price | 601.00 | |
| S1 | 583.00 | -3.00% |
| S2 | 572.00 | -4.83% |
| S3 | 496.00 | -17.47% |
3675 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Sep 01, 2024 | JP¥6.50 | 1.08% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Mar 04, 2024 | JP¥6.50 | 1.18% |
| 3 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥6.00 | 0.737% |
| 4 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥6.00 | 0.83% |
| 5 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥5.30 | 0.670% |
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