Needs Well Inc. Stock Forecast
Is Needs Well Inc. stock still a buy after falling -5.95% on Friday?
(Updated on May 10, 2024)
The Needs Well Inc. stock price fell by -5.95% on the last day (Friday, 10th May 2024) from JP¥840.00 to JP¥790.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.55% from a day low at JP¥789.00 to a day high of JP¥817.00. The price has been going up and down for this period, and there has been a -8.56% loss for the last 2 weeks. Volume has increased on the last day by 78 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 322 thousand shares were bought and sold for approximately JP¥253.99 million.
The stock lies in the middle of a very 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 -10.24% during the next 3 months and, with a 90% probability hold a price between JP¥636.82 and JP¥941.91 at the end of this 3-month period.
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3992.T Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Needs Well 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¥844.71 and JP¥903.63. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -30.46%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Needs Well Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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¥28.00 between high and low, or 3.55%. For the last week, the stock has had daily average volatility of 2.88%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3992.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Needs Well Inc. to open at JP¥798.67, and during the day (based on 14 day Average True Range), to move between JP¥759.78 and JP¥820.22, which gives a possible trading interval of +/-JP¥30.22 (+/-3.82%) up or down from last closing price. If Needs Well Inc. takes out the full calculated possible swing range there will be an estimated 7.65% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ JP¥840.00, some JP¥50.00 (6.33%) from the current price of JP¥790.00, our system finds the risk reward not very attractive.
Is Needs Well Inc. stock A Buy?
Needs Well Inc. holds several negative signals and is within a very 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: -4.530 Sell Candidate Unchanged
Predicted Opening Price for Needs Well Inc. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥798.67 ( 1.10%) | JP¥790.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3992.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 826.67 | 4.64 % | |
| R2 | 815.97 | 3.29 % | ||
| R1 | 809.36 | 2.45 % | ||
| Current price: | 790.00 | |||
| Support | S1 | 787.97 | -0.257 % | |
| S2 | 781.36 | -1.09 % | ||
| S3 | 770.67 | -2.45 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 913.00 | 15.57 % | |
| R2 | 909.00 | 15.06 % | ||
| R1 | 840.00 | 6.33 % | ||
| Current price | 790.00 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
3992 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥20.00 | 6.46% |
| 3 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥5.00 | 1.31% |
| 4 | Sep 29, 2020 | Sep 29, 2020 | Sep 29, 2020 | JP¥16.00 | 3.31% |
| 5 | Sep 27, 2019 | Sep 27, 2019 | Sep 27, 2019 | JP¥13.50 | 3.75% |
FAQ
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