WITZ Corporation Stock Forecast
Red day on Thursday for WITZ Corporation
(Updated on Jun 27, 2024)
The WITZ Corporation stock price fell by -1.21% on the last day (Thursday, 27th Jun 2024) from JP¥827.00 to JP¥817.00. During the last trading day the stock fluctuated 1.22% from a day low at JP¥817.00 to a day high of JP¥827.00. The price has risen in 6 of the last 10 days and is up by 1.11% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 thousand shares and in total, 3 thousand shares were bought and sold for approximately JP¥2.45 million.
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¥781.03 and JP¥831.91 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 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¥813.29 and JP¥800.57. 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). 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 26, 2024, and so far it has fallen -1.21%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
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 3.98% 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¥814.00 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¥10.00 between high and low, or 1.22%. For the last week the stock has had daily average volatility of 1.01%.
Our recommended stop-loss: JP¥786.61 (-3.72%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (4440.T) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect WITZ Corporation to open at JP¥820.33, and during the day (based on 14 day Average True Range), to move between JP¥803.72 and JP¥830.28, which gives a possible trading interval of +/-JP¥13.28 (+/-1.63%) up or down from last closing price. If WITZ Corporation takes out the full calculated possible swing range there will be an estimated 3.25% 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¥814.00 (0.37%) than the resistance at JP¥827.00 (1.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is WITZ Corporation stock A Buy?
WITZ 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: 0.218 Hold/Accumulate Unchanged
Predicted Opening Price for WITZ Corporation of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| JP¥820.33 ( 0.408%) | JP¥817.00 |
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 | 830.33 | 1.63% |
| R2 | 826.51 | 1.16% |
| R1 | 824.15 | 0.88% |
| Price | 817.00 | |
| S1 | 816.51 | -0.0596% |
| S2 | 814.15 | -0.348% |
| S3 | 810.33 | -0.82% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 829.00 | 1.47% |
| R1 | 827.00 | 1.22% |
| Price | 817.00 | |
| S1 | 814.00 | -0.367% |
| S2 | 809.00 | -0.98% |
| S3 | 790.00 | -3.30% |
4440 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2024 | Aug 29, 2024 | Nov 01, 2024 | JP¥8.00 | 0.98% |
| 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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