SoftBank Technology Corp. Stock Forecast
SoftBank Technology Corp. stock upgraded to Hold/Accumulate.
(Updated on Jun 25, 2024)
The SoftBank Technology Corp. stock price gained 0.136% on the last trading day (Tuesday, 25th Jun 2024), rising from JP¥2,942.00 to JP¥2,946.00. During the last trading day the stock fluctuated 0.136% from a day low at JP¥2,942.00 to a day high of JP¥2,946.00. The price has risen in 4 of the last 10 days and is up by 0.24% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 22 thousand shares were bought and sold for approximately JP¥64.81 million.
The stock lies in the lower part of a 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¥2,838.07 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 55.48% during the next 3 months and, with a 90% probability hold a price between JP¥4,412.63 and JP¥5,311.35 at the end of this 3-month period.
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4726.T Signals & Forecast
The SoftBank Technology Corp. 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¥2,943.71 and JP¥2,944.51. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 -0.136%. 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).
Support, Risk & Stop-loss for SoftBank Technology Corp. stock
SoftBank Technology Corp. finds support from accumulated volume at JP¥2,945.00 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¥4.00 between high and low, or 0.136%. For the last week the stock has had daily average volatility of 3.59%.
Our recommended stop-loss: JP¥2,785.26 (-5.46%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 44 days ago.)
Trading Expectations (4726.T) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect SoftBank Technology Corp. to open at JP¥2,944.67, and during the day (based on 14 day Average True Range), to move between JP¥2,909.50 and JP¥2,982.50, which gives a possible trading interval of +/-JP¥36.50 (+/-1.24%) up or down from last closing price. If SoftBank Technology Corp. takes out the full calculated possible swing range there will be an estimated 2.48% 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¥2,947.00 (0.03%) than the support at JP¥2,945.00 (0.03%), 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 SoftBank Technology Corp. stock A Buy?
SoftBank Technology Corp. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.189 Hold/Accumulate Upgraded
Predicted Opening Price for SoftBank Technology Corp. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| JP¥2,944.67 ( 0.0453%) | JP¥2,946.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4726.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,948.67 | 0.0905% |
| R2 | 2,947.14 | 0.0387% |
| R1 | 2,946.19 | 0.0066% |
| Price | 2,946.00 | |
| S1 | 2,943.14 | -0.0971% |
| S2 | 2,942.19 | -0.129% |
| S3 | 2,940.67 | -0.181% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,950.00 | 0.136% |
| R2 | 2,948.00 | 0.0679% |
| R1 | 2,947.00 | 0.0339% |
| Price | 2,946.00 | |
| S1 | 2,945.00 | -0.0339% |
| S2 | 2,944.00 | -0.0679% |
| S3 | 2,943.00 | -0.102% |
4726 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Jun 18, 2024 | JP¥40.00 | 1.36% |
| 2 | Sep 28, 2023 | Sep 28, 2023 | Dec 01, 2023 | JP¥30.00 | 1.22% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥35.00 | 1.78% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥25.00 | 1.13% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥30.00 | 1.16% |
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