WASEDA ACADEMY CO.,LTD. Stock Forecast
Red day on Friday for WASEDA ACADEMY CO.,LTD.
(Updated on Jun 21, 2024)
The WASEDA ACADEMY CO.,LTD. stock price fell by -0.0627% on the last day (Friday, 21st Jun 2024) from JP¥1,595.00 to JP¥1,594.00. During the last trading day the stock fluctuated 1.07% from a day low at JP¥1,593.00 to a day high of JP¥1,610.00. The price has been going up and down for this period, and there has been a 1.21% gain 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 -1 thousand shares and in total, 9 thousand shares were bought and sold for approximately JP¥14.19 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¥1,610.72 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect WASEDA ACADEMY CO.,LTD. stock with a 90% probability to be traded between JP¥1,451.20 and JP¥1,601.93 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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4718.T Signals & Forecast
The WASEDA ACADEMY CO.,LTD. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥1,597.00. On a fall, the stock will find some support from the long-term average at approximately JP¥1,553.91. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Wednesday, June 19, 2024, and so far it has fallen -1.06%. 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.
Support, Risk & Stop-loss for WASEDA ACADEMY CO.,LTD. stock
WASEDA ACADEMY CO.,LTD. finds support from accumulated volume at JP¥1,578.00 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¥17.00 between high and low, or 1.07%. For the last week the stock has had daily average volatility of 1.41%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (4718.T) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect WASEDA ACADEMY CO.,LTD. to open at JP¥1,599.00, and during the day (based on 14 day Average True Range), to move between JP¥1,570.09 and JP¥1,617.91, which gives a possible trading interval of +/-JP¥23.91 (+/-1.50%) up or down from last closing price. If WASEDA ACADEMY CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.00% 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¥1,578.00 (1.00%) than the resistance at JP¥1,632.00 (2.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is WASEDA ACADEMY CO.,LTD. stock A Buy?
WASEDA ACADEMY 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: -2.396 Sell Candidate Unchanged
Predicted Opening Price for WASEDA ACADEMY CO.,LTD. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| JP¥1,599.00 ( 0.314%) | JP¥1,594.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4718.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,616.00 | 1.38% |
| R2 | 1,609.51 | 0.97% |
| R1 | 1,605.49 | 0.721% |
| Price | 1,594.00 | |
| S1 | 1,592.51 | -0.0937% |
| S2 | 1,588.49 | -0.345% |
| S3 | 1,582.00 | -0.753% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,653.00 | 3.70% |
| R2 | 1,644.00 | 3.14% |
| R1 | 1,632.00 | 2.38% |
| Price | 1,594.00 | |
| S1 | 1,578.00 | -1.00% |
| S2 | 1,577.00 | -1.07% |
| S3 | 1,574.00 | -1.25% |
4718 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 | Jun 26, 2024 | JP¥30.00 | 1.88% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Nov 28, 2023 | JP¥10.00 | 0.633% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥16.00 | 1.29% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥8.00 | 0.770% |
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