SOURCENEXT CORPORATION Stock Forecast
SOURCENEXT CORPORATION stock price up 1.13% on Friday
(Updated on Apr 26, 2024)
The SOURCENEXT CORPORATION stock price gained 1.13% on the last trading day (Friday, 26th Apr 2024), rising from JP¥177.00 to JP¥179.00. During the last trading day the stock fluctuated 3.47% from a day low at JP¥173.00 to a day high of JP¥179.00. The price has been going up and down for this period, and there has been a -4.28% loss 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, 291 thousand more shares were traded than the day before. In total, 898 thousand shares were bought and sold for approximately JP¥160.76 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¥178.23 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 30.54% during the next 3 months and, with a 90% probability hold a price between JP¥232.66 and JP¥419.95 at the end of this 3-month period.
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4344.T Signals & Forecast
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. The SOURCENEXT 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¥180.14 and JP¥214.66. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 11, 2024, and so far it has fallen -36.30%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for SOURCENEXT CORPORATION stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥155.00 and JP¥151.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, SOURCENEXT CORPORATION finds support just below today's level at JP¥155.00. If this is broken, then the next support from accumulated volume will be at JP¥151.00 and JP¥148.00.
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¥6.00 between high and low, or 3.47%. For the last week, the stock has had daily average volatility of 2.60%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (4344.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect SOURCENEXT CORPORATION to open at JP¥177.00, and during the day (based on 14 day Average True Range), to move between JP¥167.87 and JP¥190.13, which gives a possible trading interval of +/-JP¥11.13 (+/-6.22%) up or down from last closing price. If SOURCENEXT CORPORATION takes out the full calculated possible swing range there will be an estimated 12.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at JP¥187.00 (4.47%) than the support at JP¥155.00 (13.41%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is SOURCENEXT CORPORATION stock A Buy?
The SOURCENEXT CORPORATION stock holds several negative signals and despite the positive trend, we believe SOURCENEXT CORPORATION will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.897 Sell Candidate Unchanged
Predicted Opening Price for SOURCENEXT CORPORATION of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥177.00 ( 1.12%) | JP¥179.00 |
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 | 183.00 | 2.23 % | |
| R2 | 180.71 | 0.95 % | ||
| R1 | 179.29 | 0.163 % | ||
| Current price: | 179.00 | |||
| Support | S1 | 174.71 | -2.40 % | |
| S2 | 173.29 | -3.19 % | ||
| S3 | 171.00 | -4.47 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 219.00 | 22.35 % | |
| R2 | 202.00 | 12.85 % | ||
| R1 | 187.00 | 4.47 % | ||
| Current price | 179.00 | |||
| Support | S1 | 155.00 | -13.41% | |
| S2 | 151.00 | -15.64% | ||
| S3 | 148.00 | -17.32% |
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% |
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