DAIWA COMPUTER CO.,LTD. Stock Forecast
Red day on Friday for DAIWA COMPUTER CO.,LTD.
(Updated on Jun 28, 2024)
No changes to the price of DAIWA COMPUTER CO.,LTD. stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 1.64% from a day low at JP¥1,162.00 to a day high of JP¥1,181.00. The price has risen in 5 of the last 10 days and is up by 2.9% over the past 2 weeks.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect DAIWA COMPUTER CO.,LTD. stock with a 90% probability to be traded between JP¥1,077.75 and JP¥1,313.52 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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3816.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 4.46%. 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 DAIWA COMPUTER CO.,LTD. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥1,194.31. On a fall, the stock will find some support from the short-term average at JP¥1,144.86. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for DAIWA COMPUTER CO.,LTD. stock
DAIWA COMPUTER CO.,LTD. finds support from accumulated volume at JP¥1,133.00 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¥19.00 between high and low, or 1.64%. For the last week, the stock has had daily average volatility of 1.52%.
Our recommended stop-loss: JP¥1,106.10 (-5.46%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (3816.T) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect DAIWA COMPUTER CO.,LTD. to open at JP¥1,171.00, and during the day (based on 14 day Average True Range), to move between JP¥1,144.36 and JP¥1,195.64, which gives a possible trading interval of +/-JP¥25.64 (+/-2.19%) up or down from last closing price. If DAIWA COMPUTER CO.,LTD. takes out the full calculated possible swing range there will be an estimated 4.38% 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¥1,183.00 (1.11%) than the support at JP¥1,133.00 (3.16%), 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 DAIWA COMPUTER CO.,LTD. stock A Buy?
DAIWA COMPUTER CO.,LTD. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.738 Hold/Accumulate Unchanged
Predicted Opening Price for DAIWA COMPUTER CO.,LTD. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| JP¥1,171.00 ( 0.0855%) | JP¥1,170.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3816.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,190.00 | 1.71% |
| R2 | 1,182.74 | 1.09% |
| R1 | 1,178.26 | 0.706% |
| Price | 1,170.00 | |
| S1 | 1,163.74 | -0.535% |
| S2 | 1,159.26 | -0.92% |
| S3 | 1,152.00 | -1.54% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,330.00 | 13.68% |
| R2 | 1,257.00 | 7.44% |
| R1 | 1,183.00 | 1.11% |
| Price | 1,170.00 | |
| S1 | 1,133.00 | -3.16% |
| S2 | 1,130.00 | -3.42% |
| S3 | 1,125.00 | -3.85% |
3816 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 30, 2024 | Jul 30, 2024 | Oct 01, 2024 | JP¥18.00 | 1.54% |
| 2 | Jul 28, 2023 | Jul 28, 2023 | Jul 28, 2023 | JP¥17.00 | 1.78% |
| 3 | Jul 28, 2022 | Jul 28, 2022 | Jul 28, 2022 | JP¥17.00 | 1.69% |
| 4 | Jul 29, 2021 | Jul 29, 2021 | Jul 29, 2021 | JP¥16.00 | 1.50% |
| 5 | Jul 30, 2020 | Jul 30, 2020 | Jul 30, 2020 | JP¥15.83 | 1.24% |
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