DKS Co.Ltd. Stock Forecast
Weaker technical forecast for DKS Co.Ltd. as stock downgraded to Buy Candidate.
(Updated on Jun 03, 2024)
The DKS Co.Ltd. stock price fell by -0.777% on the last day (Monday, 3rd Jun 2024) from JP¥3,860.00 to JP¥3,830.00. During the last trading day the stock fluctuated 3.29% from a day low at JP¥3,800.00 to a day high of JP¥3,925.00. The price has risen in 6 of the last 10 days and is up by 4.22% 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 -14 thousand shares and in total, 29 thousand shares were bought and sold for approximately JP¥112.60 million.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at JP¥3,904.67 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect DKS Co.Ltd. stock with a 90% probability to be traded between JP¥3,312.73 and JP¥3,967.49 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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4461.T Signals & Forecast
The DKS Co.Ltd. 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¥3,790.00 and JP¥3,529.86. 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 Friday, May 31, 2024, and so far it has fallen -0.777%. 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 sell signal from a double top formation was found on Friday, May 31, 2024 and based on theory for this formation the price should fall by -24.98% to JP¥2,873.33 within 48 trading days since signal was issued (Tuesday, June 04, 2024).
Support, Risk & Stop-loss for DKS Co.Ltd. stock
DKS Co.Ltd. finds support from accumulated volume at JP¥3,735.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved JP¥125.00 between high and low, or 3.29%. For the last week, the stock has had daily average volatility of 3.10%.
Our recommended stop-loss: JP¥3,690.59 (-3.64%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (4461.T) For The Upcoming Trading Day Of Tuesday 4th
For the upcoming trading day on Tuesday, 4th we expect DKS Co.Ltd. to open at JP¥3,851.67, and during the day (based on 14 day Average True Range), to move between JP¥3,692.33 and JP¥3,967.67, which gives a possible trading interval of +/-JP¥137.67 (+/-3.59%) up or down from last closing price. If DKS Co.Ltd. takes out the full calculated possible swing range there will be an estimated 7.19% 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¥3,835.00 (0.13%) than the support at JP¥3,735.00 (2.48%), 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 DKS Co.Ltd. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for DKS Co.Ltd. stock to perform well in the short-term period. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 3.928 Buy Candidate Downgraded
Predicted Opening Price for DKS Co.Ltd. of Tuesday, June 4, 2024
| Fair opening price June 4, 2024 | Current price |
|---|---|
| JP¥3,851.67 ( 0.566%) | JP¥3,830.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4461.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,976.67 | 3.83 % | |
| R2 | 3,928.92 | 2.58 % | ||
| R1 | 3,899.42 | 1.81 % | ||
| Current price: | 3,830.00 | |||
| Support | S1 | 3,803.92 | -0.681 % | |
| S2 | 3,774.42 | -1.45 % | ||
| S3 | 3,726.67 | -2.70 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,855.00 | 0.653 % | |
| R2 | 3,840.00 | 0.261 % | ||
| R1 | 3,835.00 | 0.131 % | ||
| Current price | 3,830.00 | |||
| Support | S1 | 3,735.00 | -2.48% | |
| S2 | 3,715.00 | -3.00% | ||
| S3 | 3,540.00 | -7.57% |
4461 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥40.00 | 2.12% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥40.00 | 2.01% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥45.00 | 1.63% |
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