CHANGE Inc. Stock Forecast
Stronger technical forecast for CHANGE Inc. stock price after Friday trading.
(Updated on May 17, 2024)
The CHANGE Inc. stock price gained 3.32% on the last trading day (Friday, 17th May 2024), rising from JP¥1,205.00 to JP¥1,245.00. During the last trading day the stock fluctuated 4.09% from a day low at JP¥1,198.00 to a day high of JP¥1,247.00. The price has risen in 6 of the last 10 days and is up by 5.33% over the past 2 weeks. Volume fell on the last day by -916 thousand shares and in total, 906 thousand shares were bought and sold for approximately JP¥1.13 billion. 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 stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at JP¥1,271.86 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -18.16% during the next 3 months and, with a 90% probability hold a price between JP¥846.03 and JP¥1,040.95 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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3962.T Signals & Forecast
Mostly positive signals in the chart today. The CHANGE Inc. 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¥1,211.29 and JP¥1,196.69. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 11.66%. 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 CHANGE Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥1,167.00 and JP¥1,152.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, CHANGE Inc. finds support just below today's level at JP¥1,167.00. If this is broken, then the next support from accumulated volume will be at JP¥1,152.00 and JP¥1,150.00.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥49.00 (4.09%) between high and low. For the last week, the stock has had daily average volatility of 3.99%.
Our recommended stop-loss: JP¥1,187.72 (-4.60%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (3962.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect CHANGE Inc. to open at JP¥1,230.00, and during the day (based on 14 day Average True Range), to move between JP¥1,204.27 and JP¥1,285.73, which gives a possible trading interval of +/-JP¥40.73 (+/-3.27%) up or down from last closing price. If CHANGE Inc. takes out the full calculated possible swing range there will be an estimated 6.54% 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¥1,250.00 (0.40%) than the support at JP¥1,167.00 (6.27%), 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 CHANGE Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.781 Buy Candidate Upgraded
Predicted Opening Price for CHANGE Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥1,230.00 ( 1.20%) | JP¥1,245.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3962.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,279.00 | 2.73 % | |
| R2 | 1,260.28 | 1.23 % | ||
| R1 | 1,248.72 | 0.299 % | ||
| Current price: | 1,245.00 | |||
| Support | S1 | 1,211.28 | -2.71 % | |
| S2 | 1,199.72 | -3.64 % | ||
| S3 | 1,181.00 | -5.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,554.00 | 24.82 % | |
| R2 | 1,377.00 | 10.60 % | ||
| R1 | 1,250.00 | 0.402 % | ||
| Current price | 1,245.00 | |||
| Support | S1 | 1,167.00 | -6.27% | |
| S2 | 1,152.00 | -7.47% | ||
| S3 | 1,150.00 | -7.63% |
3962 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2025 | Mar 28, 2025 | Mar 28, 2025 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥3.00 | 0.126% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥4.50 | 0.229% |
FAQ
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