MARUWA CO.,LTD. Stock Forecast
Red day on Friday for MARUWA CO.,LTD. stock after losing 0.448%
(Updated on May 17, 2024)
The MARUWA CO.,LTD. stock price fell by -0.448% on the last day (Friday, 17th May 2024) from JP¥33,450.00 to JP¥33,300.00. During the last trading day the stock fluctuated 2.44% from a day low at JP¥32,750.00 to a day high of JP¥33,550.00. The price has fallen in 6 of the last 10 days but is still up by 3.1% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -13 thousand shares and in total, 32 thousand shares were bought and sold for approximately JP¥1.06 billion.
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 5.66% during the next 3 months and, with a 90% probability hold a price between JP¥33,071.37 and JP¥38,973.10 at the end of this 3-month period.
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5344.T Signals & Forecast
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 MARUWA CO.,LTD. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥33,800.00 and JP¥33,635.71. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -4.58%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. 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 21.32% to JP¥40,400.00 within 36 trading days since signal was issued (Monday, May 20, 2024).
Support, Risk & Stop-loss for MARUWA CO.,LTD. stock
MARUWA CO.,LTD. finds support from accumulated volume at JP¥32,900.00 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¥800.00 between high and low, or 2.44%. For the last week, the stock has had daily average volatility of 3.75%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (5344.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect MARUWA CO.,LTD. to open at JP¥33,200.00, and during the day (based on 14 day Average True Range), to move between JP¥31,845.83 and JP¥34,754.17, which gives a possible trading interval of +/-JP¥1,454.17 (+/-4.37%) up or down from last closing price. If MARUWA CO.,LTD. takes out the full calculated possible swing range there will be an estimated 8.73% 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¥32,900.00 (1.20%) than the resistance at JP¥34,450.00 (3.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is MARUWA CO.,LTD. stock A Buy?
The MARUWA CO.,LTD. stock holds several negative signals and despite the positive trend, we believe MARUWA CO.,LTD. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.773 Sell Candidate Unchanged
Predicted Opening Price for MARUWA CO.,LTD. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥33,200.00 ( 0.300%) | JP¥33,300.00 |
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 | 34,000.00 | 2.10 % | |
| R2 | 33,694.40 | 1.18 % | ||
| R1 | 33,505.60 | 0.617 % | ||
| Current price: | 33,300.00 | |||
| Support | S1 | 32,894.40 | -1.22 % | |
| S2 | 32,705.60 | -1.78 % | ||
| S3 | 32,400.00 | -2.70 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 35,950.00 | 7.96 % | |
| R2 | 34,500.00 | 3.60 % | ||
| R1 | 34,450.00 | 3.45 % | ||
| Current price | 33,300.00 | |||
| Support | S1 | 32,900.00 | -1.20% | |
| S2 | 32,600.00 | -2.10% | ||
| S3 | 31,400.00 | -5.71% |
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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