GungHo Online Entertainment,Inc. Stock Forecast
GungHo Online Entertainment,Inc. stock upgraded from Buy Candidate to Strong Buy Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The GungHo Online Entertainment,Inc. stock price gained 2.41% on the last trading day (Tuesday, 2nd Jul 2024), rising from JP¥2,740.00 to JP¥2,806.00. During the last trading day the stock fluctuated 2.24% from a day low at JP¥2,750.00 to a day high of JP¥2,811.50. The price has been going up and down for this period, and there has been a 0.81% 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, 170 thousand more shares were traded than the day before. In total, 361 thousand shares were bought and sold for approximately JP¥1.01 billion.
The stock lies in the middle of a wide and strong 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 26.54% during the next 3 months and, with a 90% probability hold a price between JP¥3,418.22 and JP¥3,825.28 at the end of this 3-month period.
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3765.T Signals & Forecast
The GungHo Online Entertainment,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¥2,745.21 and JP¥2,679.59. A breakdown below any of these levels will issue sell signals. 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 Wednesday, June 05, 2024, and so far it has fallen -0.690%. 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).
Support, Risk & Stop-loss for GungHo Online Entertainment,Inc. stock
GungHo Online Entertainment,Inc. finds support from accumulated volume at JP¥2,760.00 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¥61.50 between high and low, or 2.24%. For the last week the stock has had daily average volatility of 1.92%.
Our recommended stop-loss: JP¥2,685.33 (-4.30%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 49 days ago.)
Trading Expectations (3765.T) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect GungHo Online Entertainment,Inc. to open at JP¥2,789.17, and during the day (based on 14 day Average True Range), to move between JP¥2,747.86 and JP¥2,864.14, which gives a possible trading interval of +/-JP¥58.14 (+/-2.07%) up or down from last closing price. If GungHo Online Entertainment,Inc. takes out the full calculated possible swing range there will be an estimated 4.14% 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¥2,811.50 (0.20%) than the support at JP¥2,760.00 (1.64%), 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 GungHo Online Entertainment,Inc. stock A Buy?
GungHo Online Entertainment,Inc. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.212 Strong Buy Candidate Upgraded
Predicted Opening Price for GungHo Online Entertainment,Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| JP¥2,789.17 ( 0.600%) | JP¥2,806.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3765.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,850.67 | 1.59% |
| R2 | 2,827.17 | 0.755% |
| R1 | 2,812.66 | 0.237% |
| Price | 2,806.00 | |
| S1 | 2,765.67 | -1.44% |
| S2 | 2,751.16 | -1.95% |
| S3 | 2,727.67 | -2.79% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 2,825.50 | 0.695% |
| R1 | 2,811.50 | 0.196% |
| Price | 2,806.00 | |
| S1 | 2,760.00 | -1.64% |
| S2 | 2,711.50 | -3.37% |
| S3 | 2,659.50 | -5.22% |
3765 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 28, 2023 | Dec 28, 2023 | Mar 01, 2024 | JP¥30.00 | 1.38% |
| 2 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥30.00 | 1.40% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥30.00 | 1.14% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | JP¥30.00 | 1.27% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | JP¥30.00 | 1.26% |
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