TRADE WORKS Co.,Ltd Stock Forecast
Green day on Friday for TRADE WORKS Co.,Ltd stock after gaining 0.88%
(Updated on May 17, 2024)
The TRADE WORKS Co.,Ltd stock price gained 0.88% on the last trading day (Friday, 17th May 2024), rising from JP¥792.00 to JP¥799.00. During the last trading day the stock fluctuated 4.23% from a day low at JP¥780.00 to a day high of JP¥813.00. The price has fallen in 6 of the last 10 days and is down by -1.36% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 19 thousand more shares were traded than the day before. In total, 21 thousand shares were bought and sold for approximately JP¥16.70 million.
The stock lies in the middle of a 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 -9.95% during the next 3 months and, with a 90% probability hold a price between JP¥695.99 and JP¥749.10 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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3997.T Signals & Forecast
There are mixed signals in the stock today. The TRADE WORKS Co.,Ltd 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¥806.14 and JP¥831.03. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, May 16, 2024, and so far it has risen 0.88%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for TRADE WORKS Co.,Ltd stock
TRADE WORKS Co.,Ltd finds support from accumulated volume at JP¥798.00 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¥33.00 between high and low, or 4.23%. For the last week the stock has had daily average volatility of 2.15%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3997.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect TRADE WORKS Co.,Ltd to open at JP¥797.33, and during the day (based on 14 day Average True Range), to move between JP¥783.12 and JP¥814.88, which gives a possible trading interval of +/-JP¥15.88 (+/-1.99%) 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 3.98% 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¥798.00 (0.13%) than the resistance at JP¥860.00 (7.63%), 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?
TRADE WORKS Co.,Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.687 Sell Candidate Unchanged
Predicted Opening Price for TRADE WORKS Co.,Ltd of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥797.33 ( 0.209%) | JP¥799.00 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 830.33 | 3.92 % | |
| R2 | 817.73 | 2.34 % | ||
| R1 | 809.94 | 1.37 % | ||
| Current price: | 799.00 | |||
| Support | S1 | 784.73 | -1.79 % | |
| S2 | 776.94 | -2.76 % | ||
| S3 | 764.33 | -4.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 898.00 | 12.39 % | |
| R2 | 866.00 | 8.39 % | ||
| R1 | 860.00 | 7.63 % | ||
| Current price | 799.00 | |||
| Support | S1 | 798.00 | -0.125% | |
| S2 | 797.00 | -0.250% | ||
| S3 | 796.00 | -0.375% |
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 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥15.00 | 1.43% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥15.00 | 1.57% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | JP¥5.00 | 0.597% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | JP¥5.00 | 0.373% |
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