WOWOW INC. Stock Forecast
WOWOW INC. stock price ended at JP¥1,085.00 on Friday, after losing 0.732%.
(Updated on May 10, 2024)
The WOWOW INC. stock price fell by -0.732% on the last day (Friday, 10th May 2024) from JP¥1,093.00 to JP¥1,085.00. During the last trading day the stock fluctuated 1.48% from a day low at JP¥1,081.00 to a day high of JP¥1,097.00. The price has fallen in 5 of the last 10 days and is down by -0.55% for this period. Volume has increased on the last day by 8 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 20 thousand shares were bought and sold for approximately JP¥21.16 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.33% during the next 3 months and, with a 90% probability hold a price between JP¥1,023.57 and JP¥1,115.76 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
4839.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.69%. Further rise is indicated until a new top pivot has been found. 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. The WOWOW INC. 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¥1,092.57 and JP¥1,114.31. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for WOWOW INC. stock
WOWOW INC. finds support from accumulated volume at JP¥1,083.00 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¥16.00 between high and low, or 1.48%. For the last week the stock has had daily average volatility of 1.34%.
Our recommended stop-loss: JP¥1,033.68 (-4.73%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (4839.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect WOWOW INC. to open at JP¥1,087.67, and during the day (based on 14 day Average True Range), to move between JP¥1,067.66 and JP¥1,102.34, which gives a possible trading interval of +/-JP¥17.34 (+/-1.60%) up or down from last closing price. If WOWOW INC. takes out the full calculated possible swing range there will be an estimated 3.20% 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¥1,083.00 (0.18%) than the resistance at JP¥1,095.00 (0.92%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
WOWOW INC. will release earnings BMO on Wednesday, May 15, 2024. We will update the financials statements for WOWOW INC., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.65% in the first trading day after earnings release.
Is WOWOW INC. stock A Buy?
WOWOW INC. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.520 Hold/Accumulate Unchanged
Predicted Opening Price for WOWOW INC. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥1,087.67 ( 0.246%) | JP¥1,085.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4839.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,103.67 | 1.72 % | |
| R2 | 1,097.55 | 1.16 % | ||
| R1 | 1,093.78 | 0.81 % | ||
| Current price: | 1,085.00 | |||
| Support | S1 | 1,081.55 | -0.318 % | |
| S2 | 1,077.78 | -0.666 % | ||
| S3 | 1,071.67 | -1.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,174.00 | 8.20 % | |
| R2 | 1,142.00 | 5.25 % | ||
| R1 | 1,095.00 | 0.92 % | ||
| Current price | 1,085.00 | |||
| Support | S1 | 1,083.00 | -0.184% | |
| S2 | 1,078.00 | -0.645% | ||
| S3 | 1,067.00 | -1.66% |
4839 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥50.00 | 4.09% |
| 2 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥10.00 | 0.618% |
| 3 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥80.00 | 2.81% |
| 4 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥80.00 | 3.21% |
| 5 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥80.00 | 2.68% |
FAQ
Click here for our free guide on how to buy WOWOW INC. Stock.
