GMO Payment Gateway,Inc. Stock Forecast
Red day on Thursday for GMO Payment Gateway,Inc. stock after losing 0.94%
(Updated on May 02, 2024)
The GMO Payment Gateway,Inc. stock price fell by -0.94% on the last day (Thursday, 2nd May 2024) from JP¥7,319.00 to JP¥7,250.00. During the last trading day the stock fluctuated 1.44% from a day low at JP¥7,201.00 to a day high of JP¥7,305.00. The price has fallen in 7 of the last 10 days and is down by -7.89% for this period. Volume has increased on the last day by 62 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, 290 thousand shares were bought and sold for approximately JP¥2.10 billion.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥7,075.66 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -17.46% during the next 3 months and, with a 90% probability hold a price between JP¥5,840.32 and JP¥7,700.30 at the end of this 3-month period.
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3769.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 1.03%. Further rise is indicated until a new top pivot has been found. 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. The GMO Payment Gateway,Inc. 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¥7,318.57 and JP¥8,679.11. A break-up above any of these levels will issue buy signals. 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 GMO Payment Gateway,Inc. stock
GMO Payment Gateway,Inc. finds support from accumulated volume at JP¥7,176.00 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¥104.00 between high and low, or 1.44%. For the last week, the stock has had daily average volatility of 2.53%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3769.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect GMO Payment Gateway,Inc. to open at JP¥7,252.00, and during the day (based on 14 day Average True Range), to move between JP¥6,938.94 and JP¥7,561.06, which gives a possible trading interval of +/-JP¥311.06 (+/-4.29%) up or down from last closing price. If GMO Payment Gateway,Inc. takes out the full calculated possible swing range there will be an estimated 8.58% 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¥7,313.00 (0.87%) than the support at JP¥7,176.00 (1.02%), 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.
Earnings coming up
GMO Payment Gateway,Inc. will release earnings BMO on Friday, May 10, 2024.The consensus among the analysts for the expected earnings (EPS) is $61.90. We will update the financials statements for GMO Payment Gateway,Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.64% in the first trading day after earnings release.
Is GMO Payment Gateway,Inc. stock A Buy?
GMO Payment Gateway,Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.823 Sell Candidate Unchanged
Predicted Opening Price for GMO Payment Gateway,Inc. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥7,252.00 ( 0.0276%) | JP¥7,250.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3769.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7,356.00 | 1.46 % | |
| R2 | 7,316.27 | 0.91 % | ||
| R1 | 7,291.73 | 0.576 % | ||
| Current price: | 7,250.00 | |||
| Support | S1 | 7,212.27 | -0.520 % | |
| S2 | 7,187.73 | -0.86 % | ||
| S3 | 7,148.00 | -1.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8,960.00 | 23.59 % | |
| R2 | 8,597.00 | 18.58 % | ||
| R1 | 7,313.00 | 0.87 % | ||
| Current price | 7,250.00 | |||
| Support | S1 | 7,176.00 | -1.02% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
3769 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥81.00 | 0.793% |
| 3 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥54.00 | 0.381% |
| 4 | Sep 29, 2020 | Sep 29, 2020 | Sep 29, 2020 | JP¥42.00 | 0.374% |
| 5 | Sep 27, 2019 | Sep 27, 2019 | Sep 27, 2019 | JP¥36.00 | 0.485% |
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