MARUZEN CO.,LTD. Stock Forecast
MARUZEN CO.,LTD. stock price up 0.649% on Friday
(Updated on Mar 29, 2024)
The MARUZEN CO.,LTD. stock price gained 0.649% on the last trading day (Friday, 29th Mar 2024), rising from JP¥2,929.00 to JP¥2,948.00. It has now gained 5 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 2.32% from a day low at JP¥2,929.00 to a day high of JP¥2,997.00. The price has risen in 6 of the last 10 days and is up by 2.29% 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, 4 thousand more shares were traded than the day before. In total, 13 thousand shares were bought and sold for approximately JP¥38.91 million.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at JP¥2,955.28 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect MARUZEN CO.,LTD. stock with a 90% probability to be traded between JP¥2,714.74 and JP¥2,995.24 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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5982.T Signals & Forecast
Mostly positive signals in the chart today. The MARUZEN CO.,LTD. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥2,871.57 and JP¥2,789.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 6.85%. 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.
Double Bottom Formation
A buy signal from a double bottom formation was found on Wednesday, February 28, 2024 and based on theory for this formation the price should go up by 5.69% to JP¥3,115.62 within 29 trading days since signal was issued (Monday, April 01, 2024).Support, Risk & Stop-loss for MARUZEN CO.,LTD. stock
MARUZEN CO.,LTD. finds support from accumulated volume at JP¥2,892.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥68.00 (2.32%) between high and low. For the last week, the stock has had daily average volatility of 2.86%.
Our recommended stop-loss: JP¥2,835.42 (-3.82%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (5982.T) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect MARUZEN CO.,LTD. to open at JP¥2,958.00, and during the day (based on 14 day Average True Range), to move between JP¥2,868.86 and JP¥3,027.14, which gives a possible trading interval of +/-JP¥79.14 (+/-2.68%) up or down from last closing price. If MARUZEN CO.,LTD. takes out the full calculated possible swing range there will be an estimated 5.37% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥2,892.00, some JP¥56.00 (1.90%) from the current price of JP¥2,948.00, our system finds the risk reward attractive.
Is MARUZEN CO.,LTD. stock A Buy?
MARUZEN CO.,LTD. holds several positive signals and is considered to be a good choice at current levels. We expect the MARUZEN CO.,LTD. stock to perform great in the short-term period.
Current score: 5.933 Strong Buy Candidate Unchanged
Predicted Opening Price for MARUZEN CO.,LTD. of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
JP¥2,958.00 ( 0.339%) | JP¥2,948.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 5982.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3,026.00 | 2.65 % | |
R2 | 3,000.02 | 1.76 % | ||
R1 | 2,983.98 | 1.22 % | ||
Current price: | 2,948.00 | |||
Support | S1 | 2,932.02 | -0.542 % | |
S2 | 2,915.98 | -1.09 % | ||
S3 | 2,890.00 | -1.97 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 2,948.00 | |||
Support | S1 | 2,892.00 | -1.90% | |
S2 | 2,882.00 | -2.24% | ||
S3 | 2,728.00 | -7.46% |
5982 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Aug 30, 2023 | Aug 30, 2023 | Aug 30, 2023 | JP¥35.00 | 1.73% |
2 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | JP¥45.00 | 2.44% |
3 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | JP¥25.00 | 1.36% |
4 | Feb 25, 2022 | Feb 25, 2022 | Feb 25, 2022 | JP¥35.00 | 1.94% |
5 | Aug 30, 2021 | Aug 30, 2021 | Aug 30, 2021 | JP¥15.00 | 0.694% |
FAQ
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