WITZ Corporation Stock Forecast
WITZ Corporation stock price up 0.248% on Friday
(Updated on Jun 21, 2024)
The WITZ Corporation stock price gained 0.248% on the last trading day (Friday, 21st Jun 2024), rising from JP¥806.00 to JP¥808.00. During the last trading day the stock fluctuated 0.87% from a day low at JP¥804.00 to a day high of JP¥811.00. The price has been going up and down for this period, and there has been a 1.89% gain for the last 2 weeks. Volume fell on the last day by -14 thousand shares and in total, 3 thousand shares were bought and sold for approximately JP¥2.26 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 is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect WITZ Corporation stock with a 90% probability to be traded between JP¥776.94 and JP¥826.01 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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4440.T Signals & Forecast
The WITZ 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¥809.00. On a fall, the stock will find some support from the long-term average at approximately JP¥797.89. 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 Wednesday, June 12, 2024, and so far it has fallen -0.98%. Further fall is indicated until a new bottom pivot has been found.
A buy signal from a double bottom formation was found on Thursday, May 30, 2024 and based on theory for this formation the price should go up by 5.14% to JP¥849.56 within 9 trading days since signal was issued (Wednesday, June 12, 2024).
Support, Risk & Stop-loss for WITZ Corporation stock
WITZ Corporation finds support from accumulated volume at JP¥806.00 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¥7.00 between high and low, or 0.87%. For the last week the stock has had daily average volatility of 2.87%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (4440.T) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect WITZ Corporation to open at JP¥807.67, and during the day (based on 14 day Average True Range), to move between JP¥793.17 and JP¥822.83, which gives a possible trading interval of +/-JP¥14.83 (+/-1.84%) up or down from last closing price. If WITZ Corporation takes out the full calculated possible swing range there will be an estimated 3.67% 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¥809.00 (0.12%) than the support at JP¥806.00 (0.25%), 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 WITZ Corporation stock A Buy?
WITZ Corporation 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: -3.230 Sell Candidate Unchanged
Predicted Opening Price for WITZ Corporation of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| JP¥807.67 ( 0.0413%) | JP¥808.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4440.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 814.67 | 0.83% |
| R2 | 811.99 | 0.494% |
| R1 | 810.34 | 0.290% |
| Price | 808.00 | |
| S1 | 804.99 | -0.372% |
| S2 | 803.34 | -0.577% |
| S3 | 800.67 | -0.91% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 829.00 | 2.60% |
| R2 | 814.00 | 0.743% |
| R1 | 809.00 | 0.124% |
| Price | 808.00 | |
| S1 | 806.00 | -0.248% |
| S2 | 790.00 | -2.23% |
| S3 | 789.00 | -2.35% |
4440 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2024 | Aug 29, 2024 | Nov 01, 2024 | JP¥8.00 | 0.99% |
| 2 | Aug 30, 2023 | Aug 30, 2023 | Aug 30, 2023 | JP¥8.00 | 0.721% |
| 3 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | JP¥8.00 | 0.746% |
| 4 | Aug 30, 2021 | Aug 30, 2021 | Aug 30, 2021 | JP¥6.00 | 0.393% |
| 5 | Aug 28, 2020 | Aug 28, 2020 | Aug 28, 2020 | JP¥2.00 | 0.0539% |
FAQ
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