SOURCENEXT CORPORATION Stock Forecast
Green day on Wednesday for SOURCENEXT CORPORATION stock after gaining 2.11%
(Updated on Mar 27, 2024)
The SOURCENEXT CORPORATION stock price gained 2.11% on the last trading day (Wednesday, 27th Mar 2024), rising from JP¥237.00 to JP¥242.00. During the last trading day the stock fluctuated 4.22% from a day low at JP¥237.00 to a day high of JP¥247.00. The price has been going up and down for this period, and there has been a -13.57% loss for the last 2 weeks. Volume fell on the last day by -566 thousand shares and in total, 2 million shares were bought and sold for approximately JP¥532.88 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and strong 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 38.68% during the next 3 months and, with a 90% probability hold a price between JP¥218.07 and JP¥411.85 at the end of this 3-month period.
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4344.T Signals & Forecast
The SOURCENEXT CORPORATION stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥251.29. On a fall, the stock will find some support from the long-term average at approximately JP¥179.51. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Monday, March 11, 2024, and so far it has fallen -13.88%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for SOURCENEXT CORPORATION stock
SOURCENEXT CORPORATION finds support from accumulated volume at JP¥240.00 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved JP¥10.00 between high and low, or 4.22%. For the last week, the stock has had daily average volatility of 8.40%.
Our recommended stop-loss: JP¥229.37 (-5.22%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (4344.T) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect SOURCENEXT CORPORATION to open at JP¥242.00, and during the day (based on 14 day Average True Range), to move between JP¥219.06 and JP¥264.94, which gives a possible trading interval of +/-JP¥22.94 (+/-9.48%) up or down from last closing price. If SOURCENEXT CORPORATION takes out the full calculated possible swing range there will be an estimated 18.96% 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¥240.00 (0.83%) than the resistance at JP¥252.00 (4.13%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SOURCENEXT CORPORATION stock A Buy?
SOURCENEXT CORPORATION 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: -0.384 Hold/Accumulate Unchanged
Predicted Opening Price for SOURCENEXT CORPORATION of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
JP¥242.00 ( 0%) | JP¥242.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4344.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 252.00 | 4.13 % | |
R2 | 248.18 | 2.55 % | ||
R1 | 245.82 | 1.58 % | ||
Current price: | 242.00 | |||
Support | S1 | 238.18 | -1.58 % | |
S2 | 235.82 | -2.55 % | ||
S3 | 232.00 | -4.13 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 280.00 | 15.70 % | |
R2 | 279.00 | 15.29 % | ||
R1 | 252.00 | 4.13 % | ||
Current price | 242.00 | |||
Support | S1 | 240.00 | -0.83% | |
S2 | 227.00 | -6.20% | ||
S3 | 219.00 | -9.50% |
4344 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥0.0400 | 0.0229% |
2 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥0.460 | 0.132% |
3 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥0.250 | 0.0865% |
4 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥0.680 | 0.147% |
5 | Mar 28, 2018 | Mar 28, 2018 | Mar 28, 2018 | JP¥1.53 | 0.404% |
FAQ
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