Signpost Corporation Stock Forecast
Green day on Friday for Signpost Corporation
(Updated on Apr 26, 2024)
The Signpost Corporation stock price gained 1.25% on the last trading day (Friday, 26th Apr 2024), rising from JP¥641.00 to JP¥649.00. During the last trading day the stock fluctuated 3.13% from a day low at JP¥640.00 to a day high of JP¥660.00. The price has fallen in 6 of the last 10 days and is down by -17.43% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 219 thousand shares were bought and sold for approximately JP¥142.13 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥645.32 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 43.13% during the next 3 months and, with a 90% probability hold a price between JP¥923.64 and JP¥1,250.74 at the end of this 3-month period.
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3996.T Signals & Forecast
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. The Signpost Corporation 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¥664.14 and JP¥688.94. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -22.28%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Signpost Corporation stock
Signpost Corporation finds support from accumulated volume at JP¥630.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved JP¥20.00 between high and low, or 3.13%. For the last week, the stock has had daily average volatility of 5.42%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3996.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Signpost Corporation to open at JP¥649.67, and during the day (based on 14 day Average True Range), to move between JP¥601.62 and JP¥696.38, which gives a possible trading interval of +/-JP¥47.38 (+/-7.30%) up or down from last closing price. If Signpost Corporation takes out the full calculated possible swing range there will be an estimated 14.60% 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¥630.00 (2.93%) than the resistance at JP¥725.00 (11.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Signpost Corporation stock A Buy?
The Signpost Corporation stock holds several negative signals and despite the positive trend, we believe Signpost Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.677 Sell Candidate Unchanged
Predicted Opening Price for Signpost Corporation of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥649.67 ( 0.103%) | JP¥649.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3996.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 669.67 | 3.18 % | |
| R2 | 662.03 | 2.01 % | ||
| R1 | 657.31 | 1.28 % | ||
| Current price: | 649.00 | |||
| Support | S1 | 642.03 | -1.07 % | |
| S2 | 637.31 | -1.80 % | ||
| S3 | 629.67 | -2.98 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 797.00 | 22.80 % | |
| R2 | 777.00 | 19.72 % | ||
| R1 | 725.00 | 11.71 % | ||
| Current price | 649.00 | |||
| Support | S1 | 630.00 | -2.93% | |
| S2 | 581.00 | -10.48% | ||
| S3 | 512.00 | -21.11% |
3996 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 25, 2021 | Feb 25, 2021 | Feb 25, 2021 | JP¥2.50 | 0.251% |
| 2 | Feb 27, 2020 | Feb 27, 2020 | Feb 27, 2020 | JP¥2.50 | 0.147% |
| 3 | Feb 26, 2019 | Feb 26, 2019 | Feb 26, 2019 | JP¥2.50 | 0.0668% |
| 4 | Feb 26, 2018 | Feb 26, 2018 | Feb 26, 2018 | JP¥10.00 | 0.230% |
FAQ
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