THE PACK CORPORATION Stock Forecast
THE PACK CORPORATION stock price ended at JP¥3,875.00 on Monday, after gaining 0.259%.
(Updated on May 13, 2024)
The THE PACK CORPORATION stock price gained 0.259% on the last trading day (Monday, 13th May 2024), rising from JP¥3,865.00 to JP¥3,875.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.83% from a day low at JP¥3,820.00 to a day high of JP¥3,890.00. The price has been going up and down for this period, and there has been a 5.73% gain for the last 2 weeks. Volume fell on the last day by -18 thousand shares and in total, 20 thousand shares were bought and sold for approximately JP¥79.05 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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¥3,927.87 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¥3,605.65 and JP¥3,986.39 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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3950.T Signals & Forecast
Mostly positive signals in the chart today. 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¥3,751.43 and JP¥3,732.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 8.09%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for THE PACK CORPORATION stock
THE PACK CORPORATION finds support from accumulated volume at JP¥3,785.00 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¥70.00 between high and low, or 1.83%. For the last week the stock has had daily average volatility of 2.82%.
Our recommended stop-loss: JP¥3,708.72 (-4.29%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (3950.T) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect THE PACK CORPORATION to open at JP¥3,861.67, and during the day (based on 14 day Average True Range), to move between JP¥3,787.77 and JP¥3,962.23, which gives a possible trading interval of +/-JP¥87.23 (+/-2.25%) up or down from last closing price. If THE PACK CORPORATION takes out the full calculated possible swing range there will be an estimated 4.50% 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¥3,880.00 (0.13%) than the support at JP¥3,785.00 (2.32%), 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?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for THE PACK CORPORATION stock to perform well in the short-term period.
Current score: 4.930 Buy Candidate Unchanged
Predicted Opening Price for THE PACK CORPORATION of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| JP¥3,861.67 ( 0.344%) | JP¥3,875.00 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 3,931.67 | 1.46 % | |
| R2 | 3,904.93 | 0.772 % | ||
| R1 | 3,888.41 | 0.346 % | ||
| Current price: | 3,875.00 | |||
| Support | S1 | 3,834.93 | -1.03 % | |
| S2 | 3,818.41 | -1.46 % | ||
| S3 | 3,791.67 | -2.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 3,905.00 | 0.774 % | ||
| R1 | 3,880.00 | 0.129 % | ||
| Current price | 3,875.00 | |||
| Support | S1 | 3,785.00 | -2.32% | |
| S2 | 3,725.00 | -3.87% | ||
| S3 | 3,665.00 | -5.42% |
3950 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jun 27, 2024 | JP¥0 | 0% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥35.00 | 1.18% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥35.00 | 1.47% |
| 4 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥30.00 | 1.34% |
| 5 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥25.00 | 0.93% |
FAQ
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