Wantedly,Inc Stock Forecast
Wantedly,Inc stock price up 3.58% on Friday
(Updated on May 31, 2024)
The Wantedly,Inc stock price gained 3.58% on the last trading day (Friday, 31st May 2024), rising from JP¥1,202.00 to JP¥1,245.00. During the last trading day the stock fluctuated 7.69% from a day low at JP¥1,196.00 to a day high of JP¥1,288.00. The price has fallen in 5 of the last 10 days but is still up by 2.3% 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, 11 thousand more shares were traded than the day before. In total, 17 thousand shares were bought and sold for approximately JP¥21.66 million.
Given the current short-term trend, the stock is expected to fall -8.90% during the next 3 months and, with a 90% probability hold a price between JP¥1,011.52 and JP¥1,134.25 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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3991.T Signals & Forecast
The Wantedly,Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥1,200.71 and JP¥1,212.66. 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 6.87%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Wantedly,Inc stock
Wantedly,Inc finds support from accumulated volume at JP¥1,239.00 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¥92.00 between high and low, or 7.69%. For the last week the stock has had daily average volatility of 3.51%.
Our recommended stop-loss: JP¥1,198.19 (-3.76%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 48 days ago.)
Trading Expectations (3991.T) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Wantedly,Inc to open at JP¥1,243.00, and during the day (based on 14 day Average True Range), to move between JP¥1,212.69 and JP¥1,277.31, which gives a possible trading interval of +/-JP¥32.31 (+/-2.60%) up or down from last closing price. If Wantedly,Inc takes out the full calculated possible swing range there will be an estimated 5.19% 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¥1,239.00 (0.48%) than the resistance at JP¥1,285.00 (3.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Wantedly,Inc stock A Buy?
Wantedly,Inc 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Wantedly,Inc of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| JP¥1,243.00 ( 0.161%) | JP¥1,245.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3991.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,335.00 | 7.23 % | |
| R2 | 1,299.86 | 4.41 % | ||
| R1 | 1,278.14 | 2.66 % | ||
| Current price: | 1,245.00 | |||
| Support | S1 | 1,207.86 | -2.98 % | |
| S2 | 1,186.14 | -4.73 % | ||
| S3 | 1,151.00 | -7.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,300.00 | 4.42 % | |
| R2 | 1,287.00 | 3.37 % | ||
| R1 | 1,285.00 | 3.21 % | ||
| Current price | 1,245.00 | |||
| Support | S1 | 1,239.00 | -0.482% | |
| S2 | 1,217.00 | -2.25% | ||
| S3 | 1,212.00 | -2.65% |
3991 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2024 | Aug 29, 2024 | Aug 29, 2024 | JP¥0 | 0% |
| 2 | Aug 30, 2023 | Aug 30, 2023 | Aug 30, 2023 | JP¥20.00 | 1.23% |
FAQ
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