CERES INC. Stock Forecast
CERES INC. stock price up 2.86% on Tuesday
(Updated on May 21, 2024)
The CERES INC. stock price gained 2.86% on the last trading day (Tuesday, 21st May 2024), rising from JP¥2,100.00 to JP¥2,160.00. During the last trading day the stock fluctuated 4.72% from a day low at JP¥2,139.00 to a day high of JP¥2,240.00. The price has been going up and down for this period, and there has been a 19.4% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 191 thousand more shares were traded than the day before. In total, 397 thousand shares were bought and sold for approximately JP¥857.30 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¥2,228.80 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 16.35% during the next 3 months and, with a 90% probability hold a price between JP¥1,936.97 and JP¥2,593.18 at the end of this 3-month period.
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3696.T Signals & Forecast
The CERES 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¥2,068.71 and JP¥1,802.40. 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 is rising along with the price. This is considered to be a good technical 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 Friday, May 10, 2024, and so far it has fallen -1.41%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for CERES INC. stock
CERES INC. finds support from accumulated volume at JP¥2,100.00 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¥101.00 between high and low, or 4.72%. For the last week, the stock has had daily average volatility of 6.35%.
Our recommended stop-loss: JP¥2,079.90 (-3.71%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (3696.T) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect CERES INC. to open at JP¥2,179.67, and during the day (based on 14 day Average True Range), to move between JP¥2,030.04 and JP¥2,289.96, which gives a possible trading interval of +/-JP¥129.96 (+/-6.02%) up or down from last closing price. If CERES INC. takes out the full calculated possible swing range there will be an estimated 12.03% 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¥2,191.00 (1.44%) than the support at JP¥2,100.00 (2.78%), 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 CERES 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 CERES INC. stock to perform well in the short-term.
Current score: 4.033 Buy Candidate Unchanged
Predicted Opening Price for CERES INC. of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| JP¥2,179.67 ( 0.91%) | JP¥2,160.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3696.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,280.67 | 5.59 % | |
| R2 | 2,242.08 | 3.80 % | ||
| R1 | 2,218.25 | 2.70 % | ||
| Current price: | 2,160.00 | |||
| Support | S1 | 2,141.08 | -0.88 % | |
| S2 | 2,117.25 | -1.98 % | ||
| S3 | 2,078.67 | -3.77 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 2,191.00 | 1.44 % | ||
| Current price | 2,160.00 | |||
| Support | S1 | 2,100.00 | -2.78% | |
| S2 | 2,087.00 | -3.38% | ||
| S3 | 1,809.00 | -16.25% |
3696 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2024 | Dec 27, 2024 | Dec 27, 2024 | JP¥0 | 0% |
| 2 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥20.00 | 2.37% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥40.00 | 1.62% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | JP¥14.00 | 0.502% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | JP¥14.00 | 1.10% |
FAQ
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