Drecom Co.,Ltd. Stock Forecast
Drecom Co.,Ltd. stock price down 2.29% on Monday
(Updated on May 20, 2024)
The Drecom Co.,Ltd. stock price fell by -2.29% on the last day (Monday, 20th May 2024) from JP¥787.00 to JP¥769.00. During the last trading day the stock fluctuated 2.34% from a day low at JP¥768.00 to a day high of JP¥786.00. The price has been going up and down for this period, and there has been a -25.7% loss for the last 2 weeks. Volume has increased on the last day by 56 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, 291 thousand shares were bought and sold for approximately JP¥223.70 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -22.79% during the next 3 months and, with a 90% probability hold a price between JP¥548.40 and JP¥732.22 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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3793.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 09, 2024, and so far it has risen 3.36%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Drecom Co.,Ltd. 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¥779.29 and JP¥965.49. 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). 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 Drecom Co.,Ltd. stock
Drecom Co.,Ltd. finds support from accumulated volume at JP¥749.00 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved JP¥18.00 between high and low, or 2.34%. For the last week, the stock has had daily average volatility of 4.95%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3793.T) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Drecom Co.,Ltd. to open at JP¥774.33, and during the day (based on 14 day Average True Range), to move between JP¥717.45 and JP¥820.55, which gives a possible trading interval of +/-JP¥51.55 (+/-6.70%) up or down from last closing price. If Drecom Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 13.41% 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¥782.00 (1.69%) than the support at JP¥749.00 (2.60%), 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 Drecom Co.,Ltd. stock A Buy?
Drecom Co.,Ltd. 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: -2.846 Sell Candidate Unchanged
Predicted Opening Price for Drecom Co.,Ltd. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| JP¥774.33 ( 0.694%) | JP¥769.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3793.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 792.33 | 3.03 % | |
| R2 | 785.46 | 2.14 % | ||
| R1 | 781.21 | 1.59 % | ||
| Current price: | 769.00 | |||
| Support | S1 | 767.46 | -0.201 % | |
| S2 | 763.21 | -0.753 % | ||
| S3 | 756.33 | -1.65 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 806.00 | 4.81 % | |
| R2 | 805.00 | 4.68 % | ||
| R1 | 782.00 | 1.69 % | ||
| Current price | 769.00 | |||
| Support | S1 | 749.00 | -2.60% | |
| S2 | 744.00 | -3.25% | ||
| S3 | 0 | . |
3793 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥5.00 | 0.643% |
| 2 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥5.00 | 0.90% |
FAQ
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