THE PACK CORPORATION Stock Forecast
Green day on Wednesday for THE PACK CORPORATION
(Updated on Jul 03, 2024)
The THE PACK CORPORATION stock price gained 2.09% on the last trading day (Wednesday, 3rd Jul 2024), rising from JP¥3,835.00 to JP¥3,915.00. It has now gained 9 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 2.35% from a day low at JP¥3,835.00 to a day high of JP¥3,925.00. The price has risen in 9 of the last 10 days and is up by 10.28% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 31 thousand shares were bought and sold for approximately JP¥119.41 million.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at JP¥3,961.88 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect THE PACK CORPORATION stock with a 90% probability to be traded between JP¥3,487.74 and JP¥3,914.41 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. 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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3950.T Signals & Forecast
The THE PACK CORPORATION stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥3,792.86 and JP¥3,741.71. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 10.44%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for THE PACK CORPORATION stock
THE PACK CORPORATION finds support from accumulated volume at JP¥3,725.00 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¥90.00 between high and low, or 2.35%. For the last week, the stock has had daily average volatility of 2.06%.
The THE PACK CORPORATION stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs. Since the THE PACK CORPORATION has been rising for 9 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: JP¥3,733.59 (-4.63%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 87 and this increases the risk substantially. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (3950.T) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect THE PACK CORPORATION to open at JP¥3,891.67, and during the day (based on 14 day Average True Range), to move between JP¥3,839.09 and JP¥3,990.91, which gives a possible trading interval of +/-JP¥75.91 (+/-1.94%) up or down from last closing price. If THE PACK CORPORATION takes out the full calculated possible swing range there will be an estimated 3.88% 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¥3,980.00 (1.66%) than the support at JP¥3,725.00 (4.85%), 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 THE PACK CORPORATION stock A Buy?
THE PACK CORPORATION 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: 0.077 Hold/Accumulate Unchanged
Predicted Opening Price for THE PACK CORPORATION of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| JP¥3,891.67 ( 0.596%) | JP¥3,915.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3950.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,981.67 | 1.70% |
| R2 | 3,947.29 | 0.82% |
| R1 | 3,926.05 | 0.282% |
| Price | 3,915.00 | |
| S1 | 3,857.29 | -1.47% |
| S2 | 3,836.05 | -2.02% |
| S3 | 3,801.67 | -2.89% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 3,980.00 | 1.66% |
| Price | 3,915.00 | |
| S1 | 3,725.00 | -4.85% |
| S2 | 3,675.00 | -6.13% |
| S3 | 3,595.00 | -8.17% |
3950 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2024 | Dec 27, 2024 | Dec 27, 2024 | JP¥0 | 0% |
| 2 | Jun 27, 2024 | Jun 27, 2024 | Sep 01, 2024 | JP¥52.00 | 1.33% |
| 3 | Dec 28, 2023 | Dec 28, 2023 | Mar 29, 2024 | JP¥55.00 | 1.44% |
| 4 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥35.00 | 1.18% |
| 5 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥35.00 | 1.47% |
FAQ
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