PCI Holdings,INC. Stock Forecast
PCI Holdings,INC. stock downgraded from Buy Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on May 21, 2024)
The PCI Holdings,INC. stock price fell by -0.85% on the last day (Tuesday, 21st May 2024) from JP¥942.00 to JP¥934.00. During the last trading day the stock fluctuated 1.18% from a day low at JP¥934.00 to a day high of JP¥945.00. The price has fallen in 6 of the last 10 days and is down by -0.85% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -5 thousand shares and in total, 12 thousand shares were bought and sold for approximately JP¥11.49 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect PCI Holdings,INC. stock with a 90% probability to be traded between JP¥910.82 and JP¥959.40 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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3918.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 0.755%. 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 PCI Holdings,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¥934.29 and JP¥939.91. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
A buy signal from a double bottom formation was found on Friday, April 19, 2024 and based on theory for this formation the price should go up by 8.46% to JP¥1,013.00 within 10 trading days since signal was issued (Wednesday, May 22, 2024).
Support, Risk & Stop-loss for PCI Holdings,INC. stock
PCI Holdings,INC. finds support from accumulated volume at JP¥933.00 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¥11.00 between high and low, or 1.18%. For the last week the stock has had daily average volatility of 1.21%.
Our recommended stop-loss: JP¥884.59 (-5.29%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 63 days ago.)
Trading Expectations (3918.T) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect PCI Holdings,INC. to open at JP¥937.67, and during the day (based on 14 day Average True Range), to move between JP¥919.95 and JP¥948.05, which gives a possible trading interval of +/-JP¥14.05 (+/-1.50%) up or down from last closing price. If PCI Holdings,INC. takes out the full calculated possible swing range there will be an estimated 3.01% 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¥933.00 (0.11%) than the resistance at JP¥936.00 (0.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is PCI Holdings,INC. stock A Buy?
PCI Holdings,INC. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.432 Hold/Accumulate Downgraded
Predicted Opening Price for PCI Holdings,INC. of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| JP¥937.67 ( 0.393%) | JP¥934.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3918.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 948.67 | 1.57 % | |
| R2 | 944.46 | 1.12 % | ||
| R1 | 941.87 | 0.84 % | ||
| Current price: | 934.00 | |||
| Support | S1 | 933.46 | -0.0573 % | |
| S2 | 930.87 | -0.335 % | ||
| S3 | 926.67 | -0.785 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 953.00 | 2.03 % | |
| R2 | 943.00 | 0.96 % | ||
| R1 | 936.00 | 0.214 % | ||
| Current price | 934.00 | |||
| Support | S1 | 933.00 | -0.107% | |
| S2 | 929.00 | -0.535% | ||
| S3 | 926.00 | -0.86% |
3918 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥16.00 | 1.60% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥16.00 | 1.74% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥15.00 | 1.36% |
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