ORIENTAL LAND CO.,LTD. Stock Forecast
ORIENTAL LAND CO.,LTD. stock downgraded from Buy Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on May 21, 2024)
The ORIENTAL LAND CO.,LTD. stock price fell by -0.363% on the last day (Tuesday, 21st May 2024) from JP¥4,687.00 to JP¥4,670.00. During the last trading day the stock fluctuated 1.57% from a day low at JP¥4,664.00 to a day high of JP¥4,737.00. The price has risen in 7 of the last 10 days and is up by 9.16% 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 -486 thousand shares and in total, 3 million shares were bought and sold for approximately JP¥14.26 billion.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at JP¥4,671.67 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -15.99% during the next 3 months and, with a 90% probability hold a price between JP¥3,465.34 and JP¥3,924.85 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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4661.T Signals & Forecast
The ORIENTAL LAND CO.,LTD. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥4,596.57 and JP¥4,616.91. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 07, 2024, and so far it has risen 9.16%. Further rise is indicated until a new top pivot has been found. 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. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for ORIENTAL LAND CO.,LTD. stock
ORIENTAL LAND CO.,LTD. finds support from accumulated volume at JP¥4,515.00 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¥73.00 between high and low, or 1.57%. For the last week, the stock has had daily average volatility of 2.10%.
Our recommended stop-loss: JP¥4,484.13 (-3.98%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 61 days ago.)
Trading Expectations (4661.T) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect ORIENTAL LAND CO.,LTD. to open at JP¥4,690.33, and during the day (based on 14 day Average True Range), to move between JP¥4,561.46 and JP¥4,778.54, which gives a possible trading interval of +/-JP¥108.54 (+/-2.32%) up or down from last closing price. If ORIENTAL LAND CO.,LTD. takes out the full calculated possible swing range there will be an estimated 4.65% 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¥4,515.00 (3.32%) than the resistance at JP¥4,871.00 (4.30%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ORIENTAL LAND CO.,LTD. stock A Buy?
ORIENTAL LAND CO.,LTD. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.845 Hold/Accumulate Downgraded
Predicted Opening Price for ORIENTAL LAND CO.,LTD. of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| JP¥4,690.33 ( 0.435%) | JP¥4,670.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4661.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,763.33 | 2.00 % | |
| R2 | 4,735.45 | 1.40 % | ||
| R1 | 4,718.22 | 1.03 % | ||
| Current price: | 4,670.00 | |||
| Support | S1 | 4,662.45 | -0.162 % | |
| S2 | 4,645.22 | -0.531 % | ||
| S3 | 4,617.33 | -1.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5,020.00 | 7.49 % | |
| R2 | 4,919.00 | 5.33 % | ||
| R1 | 4,871.00 | 4.30 % | ||
| Current price | 4,670.00 | |||
| Support | S1 | 4,515.00 | -3.32% | |
| S2 | 4,362.00 | -6.60% | ||
| S3 | 4,357.00 | -6.70% |
4661 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¥4.40 | 0.0978% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥3.60 | 0.0896% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥3.00 | 0.0643% |
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