MEDIA DO HOLDINGS Co.,Ltd. Stock Forecast
MEDIA DO HOLDINGS Co.,Ltd. stock downgraded from Hold/Accumulate to Sell Candidate after Tuesday trading session.
(Updated on Apr 23, 2024)
The MEDIA DO HOLDINGS Co.,Ltd. stock price fell by -2.43% on the last day (Tuesday, 23rd Apr 2024) from JP¥1,357.00 to JP¥1,324.00. During the last trading day the stock fluctuated 4.73% from a day low at JP¥1,310.00 to a day high of JP¥1,372.00. The price has fallen in 6 of the last 10 days and is down by -7.8% for this period. 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 -174 thousand shares and in total, 121 thousand shares were bought and sold for approximately JP¥160.34 million.
The stock has broken the wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at JP¥1,325.88. A reaction back to this level may hold a second chance to get out before further falls.
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3678.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 0.303%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The MEDIA DO HOLDINGS Co.,Ltd. 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¥1,366.57 and JP¥1,423.57. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for MEDIA DO HOLDINGS Co.,Ltd. stock
MEDIA DO HOLDINGS Co.,Ltd. finds support from accumulated volume at JP¥1,299.00 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¥62.00 between high and low, or 4.73%. For the last week, the stock has had daily average volatility of 4.67%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3678.T) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect MEDIA DO HOLDINGS Co.,Ltd. to open at JP¥1,335.33, and during the day (based on 14 day Average True Range), to move between JP¥1,266.60 and JP¥1,381.40, which gives a possible trading interval of +/-JP¥57.40 (+/-4.34%) up or down from last closing price. If MEDIA DO HOLDINGS Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 8.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥1,299.00 (1.89%) than the resistance at JP¥1,357.00 (2.49%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is MEDIA DO HOLDINGS Co.,Ltd. stock A Buy?
The MEDIA DO HOLDINGS Co.,Ltd. stock holds several negative signals and despite the positive trend, we believe MEDIA DO HOLDINGS Co.,Ltd. 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 Hold/Accumulate to a Sell candidate.
Current score: -4.910 Sell Candidate Downgraded
Predicted Opening Price for MEDIA DO HOLDINGS Co.,Ltd. of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| JP¥1,335.33 ( 0.86%) | JP¥1,324.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3678.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,397.33 | 5.54 % | |
| R2 | 1,373.65 | 3.75 % | ||
| R1 | 1,359.02 | 2.64 % | ||
| Current price: | 1,324.00 | |||
| Support | S1 | 1,311.65 | -0.93 % | |
| S2 | 1,297.02 | -2.04 % | ||
| S3 | 1,273.33 | -3.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,478.00 | 11.63 % | |
| R2 | 1,474.00 | 11.33 % | ||
| R1 | 1,357.00 | 2.49 % | ||
| Current price | 1,324.00 | |||
| Support | S1 | 1,299.00 | -1.89% | |
| S2 | 1,266.00 | -4.38% | ||
| S3 | 1,247.00 | -5.82% |
3678 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 27, 2025 | Feb 27, 2025 | Feb 27, 2025 | JP¥0 | 0% |
| 2 | Feb 25, 2022 | Feb 25, 2022 | Feb 25, 2022 | JP¥21.00 | 0.85% |
| 3 | Feb 25, 2021 | Feb 25, 2021 | Feb 25, 2021 | JP¥21.00 | 0.366% |
| 4 | Feb 27, 2020 | Feb 27, 2020 | Feb 27, 2020 | JP¥13.00 | 0.425% |
| 5 | Feb 26, 2019 | Feb 26, 2019 | Feb 26, 2019 | JP¥10.50 | 0.438% |
FAQ
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