ZAPPALLAS,INC. Stock Forecast
ZAPPALLAS,INC. stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on May 02, 2024)
The ZAPPALLAS,INC. stock price gained 0.96% on the last trading day (Thursday, 2nd May 2024), rising from JP¥416.00 to JP¥420.00. During the last trading day the stock fluctuated 1.68% from a day low at JP¥416.00 to a day high of JP¥423.00. The price has fallen in 6 of the last 10 days and is down by -6.46% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 thousand more shares were traded than the day before. In total, 9 thousand shares were bought and sold for approximately JP¥3.82 million.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥413.50 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 5.67% during the next 3 months and, with a 90% probability hold a price between JP¥436.96 and JP¥582.30 at the end of this 3-month period.
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3770.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 1.94%. Further rise is indicated until a new top pivot has been found. 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. The ZAPPALLAS,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¥425.43 and JP¥473.80. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for ZAPPALLAS,INC. stock
ZAPPALLAS,INC. finds support from accumulated volume at JP¥417.00 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¥7.00 between high and low, or 1.68%. For the last week, the stock has had daily average volatility of 2.21%.
ZAPPALLAS,INC. is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3770.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect ZAPPALLAS,INC. to open at JP¥419.67, and during the day (based on 14 day Average True Range), to move between JP¥409.04 and JP¥430.96, which gives a possible trading interval of +/-JP¥10.96 (+/-2.61%) up or down from last closing price. If ZAPPALLAS,INC. takes out the full calculated possible swing range there will be an estimated 5.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥417.00 (0.71%) than the resistance at JP¥489.00 (16.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ZAPPALLAS,INC. stock A Buy?
The ZAPPALLAS,INC. stock holds several negative signals and despite the positive trend, we believe ZAPPALLAS,INC. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.820 Sell Candidate Downgraded
Predicted Opening Price for ZAPPALLAS,INC. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥419.67 ( 0.0794%) | JP¥420.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3770.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 426.67 | 1.59 % | |
| R2 | 423.99 | 0.95 % | ||
| R1 | 422.34 | 0.557 % | ||
| Current price: | 420.00 | |||
| Support | S1 | 416.99 | -0.716 % | |
| S2 | 415.34 | -1.11 % | ||
| S3 | 412.67 | -1.75 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 502.00 | 19.52 % | |
| R2 | 496.00 | 18.10 % | ||
| R1 | 489.00 | 16.43 % | ||
| Current price | 420.00 | |||
| Support | S1 | 417.00 | -0.714% | |
| S2 | 416.00 | -0.95% | ||
| S3 | 412.00 | -1.90% |
3770 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | JP¥10.00 | 2.76% |
| 2 | Apr 27, 2022 | Apr 27, 2022 | Apr 27, 2022 | JP¥3.00 | 0.716% |
| 3 | Apr 28, 2021 | Apr 28, 2021 | Apr 28, 2021 | JP¥7.00 | 1.37% |
| 4 | Apr 25, 2018 | Apr 25, 2018 | Apr 25, 2018 | JP¥5.00 | 1.28% |
| 5 | Apr 26, 2017 | Apr 26, 2017 | Apr 26, 2017 | JP¥5.00 | 1.06% |
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