Encourage Technologies Co.,Ltd. Stock Forecast
Red day on Wednesday for Encourage Technologies Co.,Ltd.
(Updated on Jun 26, 2024)
The Encourage Technologies Co.,Ltd. stock price fell by -1.68% on the last day (Wednesday, 26th Jun 2024) from JP¥656.00 to JP¥645.00. During the last trading day the stock fluctuated 3.47% from a day low at JP¥634.00 to a day high of JP¥656.00. The price has risen in 7 of the last 10 days and is up by 6.61% over the past 2 weeks. Volume has increased on the last day by 5 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, 10 thousand shares were bought and sold for approximately JP¥6.13 million.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at JP¥659.31 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Encourage Technologies Co.,Ltd. stock with a 90% probability to be traded between JP¥595.73 and JP¥668.96 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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3682.T Signals & Forecast
The Encourage Technologies Co.,Ltd. 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¥641.57 and JP¥620.71. 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 Monday, June 24, 2024, and so far it has fallen -2.12%. Further fall is indicated until a new bottom pivot has been found. 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 Encourage Technologies Co.,Ltd. stock
Encourage Technologies Co.,Ltd. finds support from accumulated volume at JP¥626.00 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¥22.00 between high and low, or 3.47%. For the last week, the stock has had daily average volatility of 2.13%.
Our recommended stop-loss: JP¥622.36 (-3.51%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 40 days ago.)
Trading Expectations (3682.T) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Encourage Technologies Co.,Ltd. to open at JP¥645.00, and during the day (based on 14 day Average True Range), to move between JP¥631.18 and JP¥658.82, which gives a possible trading interval of +/-JP¥13.82 (+/-2.14%) up or down from last closing price. If Encourage Technologies Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 4.28% 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¥646.00 (0.16%) than the support at JP¥626.00 (2.95%), 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 Encourage Technologies Co.,Ltd. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Encourage Technologies Co.,Ltd. stock to perform well in the short-term period.
Current score: 2.066 Buy Candidate Unchanged
Predicted Opening Price for Encourage Technologies Co.,Ltd. of Thursday, June 27, 2024
Fair opening price June 27, 2024 | Current price |
---|---|
JP¥645.00 ( 0%) | JP¥645.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3682.T
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 667.00 | 3.41% |
R2 | 658.60 | 2.11% |
R1 | 653.40 | 1.30% |
Price | 645.00 | |
S1 | 636.60 | -1.30% |
S2 | 631.40 | -2.11% |
S3 | 623.00 | -3.41% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 653.00 | 1.24% |
R2 | 649.00 | 0.620% |
R1 | 646.00 | 0.155% |
Price | 645.00 | |
S1 | 626.00 | -2.95% |
S2 | 610.00 | -5.43% |
S3 | 581.00 | -9.92% |
3682 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 28, 2025 | Mar 28, 2025 | Mar 28, 2025 | JP¥0 | 0% |
2 | Mar 28, 2024 | Mar 28, 2024 | Jun 24, 2024 | JP¥20.00 | 3.03% |
3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥2.00 | 0.393% |
4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥18.00 | 3.20% |
5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥18.00 | 2.72% |
FAQ
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