ROUND ONE Corporation Stock Forecast
Weaker technical forecast for ROUND ONE Corporation as stock downgraded to Sell Candidate.
(Updated on Apr 19, 2024)
The ROUND ONE Corporation stock price fell by -1.81% on the last day (Friday, 19th Apr 2024) from JP¥719.00 to JP¥706.00. During the last trading day the stock fluctuated 2.85% from a day low at JP¥702.00 to a day high of JP¥722.00. The price has been going up and down for this period, and there has been a -2.75% loss for the last 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 -193 thousand shares and in total, 2 million shares were bought and sold for approximately JP¥1.62 billion.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥683.44 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 13.66% during the next 3 months and, with a 90% probability hold a price between JP¥776.78 and JP¥992.04 at the end of this 3-month period.
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4680.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 3.82%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ROUND ONE Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥708.00 and JP¥753.74. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 ROUND ONE Corporation stock
ROUND ONE Corporation finds support from accumulated volume at JP¥699.00 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¥20.00 between high and low, or 2.85%. For the last week, the stock has had daily average volatility of 3.26%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (4680.T) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect ROUND ONE Corporation to open at JP¥710.00, and during the day (based on 14 day Average True Range), to move between JP¥682.32 and JP¥729.68, which gives a possible trading interval of +/-JP¥23.68 (+/-3.35%) up or down from last closing price. If ROUND ONE Corporation takes out the full calculated possible swing range there will be an estimated 6.71% 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¥699.00 (0.99%) than the resistance at JP¥719.00 (1.84%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ROUND ONE Corporation stock A Buy?
The ROUND ONE Corporation stock holds several negative signals and despite the positive trend, we believe ROUND ONE Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.497 Sell Candidate Downgraded
Predicted Opening Price for ROUND ONE Corporation of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| JP¥710.00 ( 0.567%) | JP¥706.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4680.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 730.00 | 3.40 % | |
| R2 | 722.36 | 2.32 % | ||
| R1 | 717.64 | 1.65 % | ||
| Current price: | 706.00 | |||
| Support | S1 | 702.36 | -0.516 % | |
| S2 | 697.64 | -1.18 % | ||
| S3 | 690.00 | -2.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 787.00 | 11.47 % | |
| R2 | 727.00 | 2.97 % | ||
| R1 | 719.00 | 1.84 % | ||
| Current price | 706.00 | |||
| Support | S1 | 699.00 | -0.99% | |
| S2 | 696.00 | -1.42% | ||
| S3 | 687.00 | -2.69% |
4680 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | JP¥0 | 0% |
| 3 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥2.50 | 0.437% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥4.00 | 0.772% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥4.00 | 0.603% |
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