DANTO HOLDINGS CORPORATION Stock Forecast
Evaluation of DANTO HOLDINGS CORPORATION stock downgraded after the last trading session.
(Updated on Jun 25, 2024)
The DANTO HOLDINGS CORPORATION stock price gained 1.06% on the last trading day (Tuesday, 25th Jun 2024), rising from JP¥755.00 to JP¥763.00. During the last trading day the stock fluctuated 2.00% from a day low at JP¥750.00 to a day high of JP¥765.00. The price has fallen in 6 of the last 10 days and is down by -5.92% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 20 thousand shares were bought and sold for approximately JP¥14.88 million.
The stock lies in the middle of a very wide and 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 -21.72% during the next 3 months and, with a 90% probability hold a price between JP¥470.44 and JP¥710.16 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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5337.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 09, 2024, and so far it has risen 3.81%. Further rise is indicated until a new top pivot has been found. 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. The DANTO HOLDINGS CORPORATION 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¥770.00 and JP¥793.66. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for DANTO HOLDINGS CORPORATION stock
DANTO HOLDINGS CORPORATION finds support from accumulated volume at JP¥762.00 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¥15.00 between high and low, or 2.00%. For the last week, the stock has had daily average volatility of 2.70%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (5337.T) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect DANTO HOLDINGS CORPORATION to open at JP¥759.33, and during the day (based on 14 day Average True Range), to move between JP¥736.20 and JP¥789.80, which gives a possible trading interval of +/-JP¥26.80 (+/-3.51%) up or down from last closing price. If DANTO HOLDINGS CORPORATION takes out the full calculated possible swing range there will be an estimated 7.03% 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¥764.00 (0.13%) than the support at JP¥762.00 (0.13%), 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 DANTO HOLDINGS CORPORATION stock A Buy?
DANTO HOLDINGS CORPORATION holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.826 Sell Candidate Downgraded
Predicted Opening Price for DANTO HOLDINGS CORPORATION of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| JP¥759.33 ( 0.481%) | JP¥763.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 5337.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 774.33 | 1.49% |
| R2 | 768.60 | 0.734% |
| R1 | 765.06 | 0.270% |
| Price | 763.00 | |
| S1 | 753.60 | -1.23% |
| S2 | 750.06 | -1.70% |
| S3 | 744.33 | -2.45% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 808.00 | 5.90% |
| R2 | 800.00 | 4.85% |
| R1 | 764.00 | 0.131% |
| Price | 763.00 | |
| S1 | 762.00 | -0.131% |
| S2 | 757.00 | -0.786% |
| S3 | 752.00 | -1.44% |
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