PARK24 Co.,Ltd. Stock Forecast
PARK24 Co.,Ltd. stock price ended at JP¥1,772.50 on Monday, after gaining 3.14%.
(Updated on Apr 22, 2024)
The PARK24 Co.,Ltd. stock price gained 3.14% on the last trading day (Monday, 22nd Apr 2024), rising from JP¥1,718.50 to JP¥1,772.50. During the last trading day the stock fluctuated 2.48% from a day low at JP¥1,730.50 to a day high of JP¥1,773.50. The price has fallen in 6 of the last 10 days and is down by -1.58% for this period. Volume fell on the last day by -126 thousand shares and in total, 839 thousand shares were bought and sold for approximately JP¥1.49 billion. 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 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¥1,795.93 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 -7.30% during the next 3 months and, with a 90% probability hold a price between JP¥1,510.68 and JP¥1,664.90 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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4666.T Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, March 29, 2024, and so far it has fallen -3.30%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The PARK24 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¥1,767.29 and JP¥1,764.29. A breakdown below any of these levels will issue sell signals. 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.
Support, Risk & Stop-loss for PARK24 Co.,Ltd. stock
PARK24 Co.,Ltd. finds support from accumulated volume at JP¥1,768.00 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¥43.00 between high and low, or 2.48%. For the last week the stock has had daily average volatility of 3.10%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (4666.T) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect PARK24 Co.,Ltd. to open at JP¥1,758.83, and during the day (based on 14 day Average True Range), to move between JP¥1,727.50 and JP¥1,817.50, which gives a possible trading interval of +/-JP¥45.00 (+/-2.54%) up or down from last closing price. If PARK24 Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 5.08% 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¥1,775.00 (0.14%) than the support at JP¥1,768.00 (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 PARK24 Co.,Ltd. stock A Buy?
PARK24 Co.,Ltd. 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: -1.371 Sell Candidate Unchanged
Predicted Opening Price for PARK24 Co.,Ltd. of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| JP¥1,758.83 ( 0.771%) | JP¥1,772.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4666.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,801.83 | 1.65 % | |
| R2 | 1,785.41 | 0.728 % | ||
| R1 | 1,775.26 | 0.156 % | ||
| Current price: | 1,772.50 | |||
| Support | S1 | 1,742.41 | -1.70 % | |
| S2 | 1,732.26 | -2.27 % | ||
| S3 | 1,715.83 | -3.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,957.50 | 10.44 % | |
| R2 | 1,780.00 | 0.423 % | ||
| R1 | 1,775.00 | 0.141 % | ||
| Current price | 1,772.50 | |||
| Support | S1 | 1,768.00 | -0.254% | |
| S2 | 1,725.00 | -2.68% | ||
| S3 | 1,687.50 | -4.80% |
4666 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 30, 2024 | Oct 30, 2024 | Oct 30, 2024 | JP¥0 | 0% |
| 2 | Oct 28, 2021 | Oct 28, 2021 | Oct 28, 2021 | JP¥5.00 | 0.283% |
| 3 | Oct 29, 2020 | Oct 29, 2020 | Oct 29, 2020 | JP¥70.00 | 4.70% |
| 4 | Oct 30, 2019 | Oct 30, 2019 | Oct 30, 2019 | JP¥70.00 | 2.77% |
| 5 | Oct 29, 2018 | Oct 29, 2018 | Oct 29, 2018 | JP¥70.00 | 2.43% |
FAQ
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