TRADE WORKS Co.,Ltd Stock Forecast
TRADE WORKS Co.,Ltd stock upgraded to Buy Candidate.
(Updated on Jul 02, 2024)
The TRADE WORKS Co.,Ltd stock price gained 3.73% on the last trading day (Tuesday, 2nd Jul 2024), rising from JP¥964.00 to JP¥1,000.00. During the last trading day the stock fluctuated 3.29% from a day low at JP¥972.00 to a day high of JP¥1,004.00. The price has been going up and down for this period, and there has been a 21.95% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 20 thousand shares were bought and sold for approximately JP¥19.60 million.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.40% during the next 3 months and, with a 90% probability hold a price between JP¥854.61 and JP¥1,158.36 at the end of this 3-month period.
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3997.T Signals & Forecast
The TRADE WORKS Co.,Ltd 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¥969.71 and JP¥840.80. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -6.54%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Wednesday, July 12, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, July 12, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for TRADE WORKS Co.,Ltd stock
TRADE WORKS Co.,Ltd finds support from accumulated volume at JP¥977.00 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¥32.00 between high and low, or 3.29%. For the last week, the stock has had daily average volatility of 3.13%.
Our recommended stop-loss: JP¥960.27 (-3.97%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (3997.T) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect TRADE WORKS Co.,Ltd to open at JP¥992.00, and during the day (based on 14 day Average True Range), to move between JP¥965.27 and JP¥1,034.73, which gives a possible trading interval of +/-JP¥34.73 (+/-3.47%) up or down from last closing price. If TRADE WORKS Co.,Ltd takes out the full calculated possible swing range there will be an estimated 6.95% 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¥977.00 (2.30%) than the resistance at JP¥1,070.00 (7.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TRADE WORKS Co.,Ltd stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for TRADE WORKS Co.,Ltd 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: 4.516 Buy Candidate Upgraded
Predicted Opening Price for TRADE WORKS Co.,Ltd of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| JP¥992.00 ( 0.80%) | JP¥1,000.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3997.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,024.00 | 2.40% |
| R2 | 1,011.78 | 1.18% |
| R1 | 1,004.22 | 0.422% |
| Price | 1,000.00 | |
| S1 | 979.78 | -2.02% |
| S2 | 972.22 | -2.78% |
| S3 | 960.00 | -4.00% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 1,070.00 | 7.00% |
| Price | 1,000.00 | |
| S1 | 977.00 | -2.30% |
| S2 | 973.00 | -2.70% |
| S3 | 957.00 | -4.30% |
3997 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2024 | Dec 27, 2024 | Dec 27, 2024 | JP¥0 | 0% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Mar 29, 2024 | JP¥20.00 | 2.28% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥15.00 | 1.43% |
| 4 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥15.00 | 1.57% |
| 5 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | JP¥5.00 | 0.597% |
FAQ
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