MACROMILL,INC. Stock Forecast
MACROMILL,INC. stock price ended at JP¥728.00 on Wednesday, after gaining 0.552%.
(Updated on Apr 24, 2024)
The MACROMILL,INC. stock price gained 0.552% on the last trading day (Wednesday, 24th Apr 2024), rising from JP¥724.00 to JP¥728.00. During the last trading day the stock fluctuated 1.10% from a day low at JP¥725.00 to a day high of JP¥733.00. The price has fallen in 6 of the last 10 days and is down by -4.84% for this period. Volume fell on the last day by -2 thousand shares and in total, 72 thousand shares were bought and sold for approximately JP¥52.49 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 stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.50% during the next 3 months and, with a 90% probability hold a price between JP¥643.11 and JP¥742.33 at the end of this 3-month period.
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3978.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.39%. Further rise is indicated until a new top pivot has been found. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The MACROMILL,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¥728.57 and JP¥746.94. 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).
A sell signal from a double top formation was found on Friday, March 29, 2024 and based on theory for this formation the price should fall by -14.18% to JP¥624.77 within 26 trading days since signal was issued (Thursday, April 25, 2024).
Support, Risk & Stop-loss for MACROMILL,INC. stock
MACROMILL,INC. finds support from accumulated volume at JP¥710.00 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¥8.00 between high and low, or 1.10%. For the last week, the stock has had daily average volatility of 2.31%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3978.T) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect MACROMILL,INC. to open at JP¥728.67, and during the day (based on 14 day Average True Range), to move between JP¥709.88 and JP¥746.12, which gives a possible trading interval of +/-JP¥18.12 (+/-2.49%) up or down from last closing price. If MACROMILL,INC. takes out the full calculated possible swing range there will be an estimated 4.98% 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¥733.00 (0.69%) than the support at JP¥710.00 (2.47%), 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 MACROMILL,INC. stock A Buy?
MACROMILL,INC. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.766 Sell Candidate Unchanged
Predicted Opening Price for MACROMILL,INC. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| JP¥728.67 ( 0.0916%) | JP¥728.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3978.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 736.67 | 1.19 % | |
| R2 | 733.61 | 0.771 % | ||
| R1 | 731.72 | 0.511 % | ||
| Current price: | 728.00 | |||
| Support | S1 | 725.61 | -0.328 % | |
| S2 | 723.72 | -0.588 % | ||
| S3 | 720.67 | -1.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 799.00 | 9.75 % | |
| R2 | 759.00 | 4.26 % | ||
| R1 | 733.00 | 0.687 % | ||
| Current price | 728.00 | |||
| Support | S1 | 710.00 | -2.47% | |
| S2 | 705.00 | -3.16% | ||
| S3 | 703.00 | -3.43% |
3978 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¥11.00 | 1.32% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥10.00 | 0.94% |
| 4 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥9.00 | 0.99% |
| 5 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥8.00 | 0.730% |
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