INTELLIGENT WAVE INC. Stock Forecast
INTELLIGENT WAVE INC. stock price ended at JP¥1,119.00 on Wednesday, after gaining 2.10%.
(Updated on Jun 26, 2024)
The INTELLIGENT WAVE INC. stock price gained 2.10% on the last trading day (Wednesday, 26th Jun 2024), rising from JP¥1,096.00 to JP¥1,119.00. 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 2.57% from a day low at JP¥1,091.00 to a day high of JP¥1,119.00. The price has risen in 7 of the last 10 days and is up by 8.64% 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, 79 thousand more shares were traded than the day before. In total, 227 thousand shares were bought and sold for approximately JP¥254.35 million.
Given the current short-term trend, the stock is expected to fall -10.49% during the next 3 months and, with a 90% probability hold a price between JP¥893.24 and JP¥1,001.59 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
4847.T Signals & Forecast
The INTELLIGENT WAVE INC. 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¥1,060.57 and JP¥1,062.09. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 10.03%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for INTELLIGENT WAVE INC. stock
INTELLIGENT WAVE INC. finds support from accumulated volume at JP¥1,117.00 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¥28.00 between high and low, or 2.57%. For the last week the stock has had daily average volatility of 2.23%.
Our recommended stop-loss: JP¥1,079.39 (-3.54%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (4847.T) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect INTELLIGENT WAVE INC. to open at JP¥1,109.67, and during the day (based on 14 day Average True Range), to move between JP¥1,095.93 and JP¥1,142.07, which gives a possible trading interval of +/-JP¥23.07 (+/-2.06%) up or down from last closing price. If INTELLIGENT WAVE INC. takes out the full calculated possible swing range there will be an estimated 4.12% 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¥1,117.00 (0.18%) than the resistance at JP¥1,135.00 (1.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is INTELLIGENT WAVE INC. stock A Buy?
INTELLIGENT WAVE INC. 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for INTELLIGENT WAVE INC. of Thursday, June 27, 2024
Fair opening price June 27, 2024 | Current price |
---|---|
JP¥1,109.67 ( 0.83%) | JP¥1,119.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4847.T
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1,137.67 | 1.67% |
R2 | 1,126.97 | 0.712% |
R1 | 1,120.36 | 0.122% |
Price | 1,119.00 | |
S1 | 1,098.97 | -1.79% |
S2 | 1,092.36 | -2.38% |
S3 | 1,081.67 | -3.34% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1,181.00 | 5.54% |
R2 | 1,143.00 | 2.14% |
R1 | 1,135.00 | 1.43% |
Price | 1,119.00 | |
S1 | 1,117.00 | -0.179% |
S2 | 1,096.00 | -2.06% |
S3 | 1,085.00 | -3.04% |
4847 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 27, 2024 | Jun 27, 2024 | Sep 01, 2024 | JP¥25.00 | 2.23% |
2 | Dec 28, 2023 | Dec 28, 2023 | Mar 18, 2024 | JP¥15.00 | 1.32% |
3 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥20.00 | 2.56% |
4 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥17.00 | 2.09% |
5 | Jun 29, 2021 | Jun 29, 2021 | Jun 29, 2021 | JP¥13.00 | 2.05% |
FAQ
Click here for our free guide on how to buy INTELLIGENT WAVE INC. Stock.