GungHo Online Entertainment,Inc. Stock Forecast
GungHo Online Entertainment,Inc. stock price ended at JP¥2,837.00 on Wednesday, after gaining 1.10%.
(Updated on Jul 03, 2024)
The GungHo Online Entertainment,Inc. stock price gained 1.10% on the last trading day (Wednesday, 3rd Jul 2024), rising from JP¥2,806.00 to JP¥2,837.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.89% from a day low at JP¥2,807.00 to a day high of JP¥2,860.00. The price has risen in 6 of the last 10 days and is up by 3.03% over the past 2 weeks. Volume fell on the last day by -100 thousand shares and in total, 261 thousand shares were bought and sold for approximately JP¥739.89 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 26.48% during the next 3 months and, with a 90% probability hold a price between JP¥3,434.88 and JP¥3,859.05 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
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¥2,765.79 and JP¥2,686.99. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 5.35%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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¥2,825.50 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¥53.00 between high and low, or 1.89%. For the last week the stock has had daily average volatility of 1.98%.
Our recommended stop-loss: JP¥2,686.07 (-5.32%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (3765.T) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect GungHo Online Entertainment,Inc. to open at JP¥2,834.67, and during the day (based on 14 day Average True Range), to move between JP¥2,779.15 and JP¥2,894.85, which gives a possible trading interval of +/-JP¥57.85 (+/-2.04%) 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 4.08% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥2,825.50, some JP¥11.50 (0.41%) from the current price of JP¥2,837.00, our system finds the risk reward attractive.
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.
Current score: 7.107 Strong Buy Candidate Unchanged
Predicted Opening Price for GungHo Online Entertainment,Inc. of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| JP¥2,834.67 ( 0.0822%) | JP¥2,837.00 |
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 | 2,887.67 | 1.79% |
| R2 | 2,867.42 | 1.07% |
| R1 | 2,854.91 | 0.631% |
| Price | 2,837.00 | |
| S1 | 2,814.42 | -0.796% |
| S2 | 2,801.91 | -1.24% |
| S3 | 2,781.67 | -1.95% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 2,837.00 | |
| S1 | 2,825.50 | -0.405% |
| S2 | 2,711.50 | -4.42% |
| S3 | 2,659.50 | -6.26% |
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% |
FAQ
Click here for our free guide on how to buy GungHo Online Entertainment,Inc. Stock.
