MARUWA CO.,LTD. Stock Forecast
MARUWA CO.,LTD. stock price ended at JP¥34,500.00 on Wednesday, after gaining 1.32%.
(Updated on May 08, 2024)
The MARUWA CO.,LTD. stock price gained 1.32% on the last trading day (Wednesday, 8th May 2024), rising from JP¥34,050.00 to JP¥34,500.00. During the last trading day the stock fluctuated 4.96% from a day low at JP¥33,250.00 to a day high of JP¥34,900.00. The price has fallen in 6 of the last 10 days but is still up by 0.15% over the past 2 weeks. Volume fell on the last day by -55 thousand shares and in total, 79 thousand shares were bought and sold for approximately JP¥2.71 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.83% during the next 3 months and, with a 90% probability hold a price between JP¥32,881.09 and JP¥38,832.09 at the end of this 3-month period.
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5344.T Signals & Forecast
The MARUWA CO.,LTD. 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¥33,085.71 and JP¥33,188.57. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 11.29%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Monday, April 01, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Monday, April 01, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A buy signal from a double bottom formation was found on Thursday, May 02, 2024 and based on theory for this formation the price should go up by 17.10% to JP¥40,400.00 within 36 trading days since signal was issued (Thursday, May 09, 2024).
Support, Risk & Stop-loss for MARUWA CO.,LTD. stock
MARUWA CO.,LTD. finds support from accumulated volume at JP¥34,450.00 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¥1,650.00 between high and low, or 4.96%. For the last week, the stock has had daily average volatility of 5.97%.
Our recommended stop-loss: JP¥33,313.20 (-3.44%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (5344.T) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect MARUWA CO.,LTD. to open at JP¥34,216.67, and during the day (based on 14 day Average True Range), to move between JP¥32,892.44 and JP¥36,107.56, which gives a possible trading interval of +/-JP¥1,607.56 (+/-4.66%) up or down from last closing price. If MARUWA CO.,LTD. takes out the full calculated possible swing range there will be an estimated 9.32% 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¥34,450.00 (0.14%) than the resistance at JP¥34,850.00 (1.01%), 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
MARUWA CO.,LTD. will release earnings BMO on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $263.19. We will update the financials statements for MARUWA CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.14% in the first trading day after earnings release.
Is MARUWA CO.,LTD. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for MARUWA CO.,LTD. stock to perform well in the short-term.
Current score: 3.801 Buy Candidate Unchanged
Predicted Opening Price for MARUWA CO.,LTD. of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| JP¥34,216.67 ( 0.82%) | JP¥34,500.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 5344.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 35,866.67 | 3.96 % | |
| R2 | 35,236.37 | 2.13 % | ||
| R1 | 34,846.97 | 1.01 % | ||
| Current price: | 34,500.00 | |||
| Support | S1 | 33,586.37 | -2.65 % | |
| S2 | 33,196.97 | -3.78 % | ||
| S3 | 32,566.67 | -5.60 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 35,950.00 | 4.20 % | |
| R2 | 35,700.00 | 3.48 % | ||
| R1 | 34,850.00 | 1.01 % | ||
| Current price | 34,500.00 | |||
| Support | S1 | 34,450.00 | -0.145% | |
| S2 | 34,050.00 | -1.30% | ||
| S3 | 33,300.00 | -3.48% |
5344 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 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥40.00 | 0.222% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥38.00 | 0.236% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥36.00 | 0.219% |
FAQ
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