Trend Micro Incorporated Stock Forecast
Trend Micro Incorporated stock price ended at JP¥6,835.00 on Tuesday, after gaining 0.737%.
(Updated on Jul 02, 2024)
The Trend Micro Incorporated stock price gained 0.737% on the last trading day (Tuesday, 2nd Jul 2024), rising from JP¥6,785.00 to JP¥6,835.00. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.27% from a day low at JP¥6,732.00 to a day high of JP¥6,885.00. The price has risen in 7 of the last 10 days and is up by 2.58% over the past 2 weeks. Volume fell on the last day by -324 thousand shares and in total, 861 thousand shares were bought and sold for approximately JP¥5.88 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¥6,984.06 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 -18.82% during the next 3 months and, with a 90% probability hold a price between JP¥4,921.43 and JP¥5,669.43 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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4704.T Signals & Forecast
There are mixed signals in the stock today. The Trend Micro Incorporated stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥6,975.37. On a fall, the stock will find some support from the short-term average at JP¥6,555.43. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 8.92%. Further rise is indicated until a new top pivot has been found. 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 Trend Micro Incorporated stock
Trend Micro Incorporated finds support from accumulated volume at JP¥6,785.00 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¥153.00 between high and low, or 2.27%. For the last week, the stock has had daily average volatility of 2.15%.
Our recommended stop-loss: JP¥6,580.74 (-3.72%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 40 days ago.)
Trading Expectations (4704.T) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Trend Micro Incorporated to open at JP¥6,817.33, and during the day (based on 14 day Average True Range), to move between JP¥6,658.32 and JP¥7,011.68, which gives a possible trading interval of +/-JP¥176.68 (+/-2.59%) up or down from last closing price. If Trend Micro Incorporated takes out the full calculated possible swing range there will be an estimated 5.17% 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¥6,785.00 (0.73%) than the resistance at JP¥6,992.00 (2.30%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Trend Micro Incorporated stock A Buy?
Trend Micro Incorporated 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: -0.416 Hold/Accumulate Unchanged
Predicted Opening Price for Trend Micro Incorporated of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| JP¥6,817.33 ( 0.258%) | JP¥6,835.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4704.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6,970.33 | 1.98% |
| R2 | 6,911.89 | 1.12% |
| R1 | 6,875.78 | 0.597% |
| Price | 6,835.00 | |
| S1 | 6,758.89 | -1.11% |
| S2 | 6,722.78 | -1.64% |
| S3 | 6,664.33 | -2.50% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7,643.00 | 11.82% |
| R2 | 7,078.00 | 3.56% |
| R1 | 6,992.00 | 2.30% |
| Price | 6,835.00 | |
| S1 | 6,785.00 | -0.732% |
| S2 | 6,567.00 | -3.92% |
| S3 | 6,344.00 | -7.18% |
4704 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | JP¥738.00 | 9.72% |
| 2 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥151.00 | 2.45% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥195.00 | 3.01% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | JP¥153.00 | 2.56% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | JP¥160.00 | 2.82% |
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