Rentracks CO.,LTD. Stock Forecast
Rentracks CO.,LTD. stock upgraded from Sell Candidate to Hold/Accumulate after Monday trading session.
(Updated on May 20, 2024)
The Rentracks CO.,LTD. stock price gained 1.13% on the last trading day (Monday, 20th May 2024), rising from JP¥444.00 to JP¥449.00. During the last trading day the stock fluctuated 4.83% from a day low at JP¥435.00 to a day high of JP¥456.00. The price has risen in 5 of the last 10 days but is still down by -4.47% for this period. Volume fell on the last day by -23 thousand shares and in total, 13 thousand shares were bought and sold for approximately JP¥5.75 million. 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 lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥446.14 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 5.30% during the next 3 months and, with a 90% probability hold a price between JP¥469.79 and JP¥580.96 at the end of this 3-month period.
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6045.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 2.51%. 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. The Rentracks CO.,LTD. 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¥461.86 and JP¥470.34. 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 Rentracks CO.,LTD. stock
Rentracks CO.,LTD. finds support from accumulated volume at JP¥445.00 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¥21.00 between high and low, or 4.83%. For the last week, the stock has had daily average volatility of 4.67%.
Our recommended stop-loss: JP¥426.34 (-5.05%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 37 days ago.)
Trading Expectations (6045.T) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Rentracks CO.,LTD. to open at JP¥446.67, and during the day (based on 14 day Average True Range), to move between JP¥435.95 and JP¥462.05, which gives a possible trading interval of +/-JP¥13.05 (+/-2.91%) up or down from last closing price. If Rentracks CO.,LTD. takes out the full calculated possible swing range there will be an estimated 5.81% 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¥445.00 (0.89%) than the resistance at JP¥465.00 (3.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Rentracks CO.,LTD. stock A Buy?
Rentracks CO.,LTD. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.080 Hold/Accumulate Upgraded
Predicted Opening Price for Rentracks CO.,LTD. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| JP¥446.67 ( 0.520%) | JP¥449.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6045.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 467.67 | 4.16 % | |
| R2 | 459.64 | 2.37 % | ||
| R1 | 454.69 | 1.27 % | ||
| Current price: | 449.00 | |||
| Support | S1 | 438.64 | -2.31 % | |
| S2 | 433.69 | -3.41 % | ||
| S3 | 425.67 | -5.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 534.00 | 18.93 % | |
| R2 | 533.00 | 18.71 % | ||
| R1 | 465.00 | 3.56 % | ||
| Current price | 449.00 | |||
| Support | S1 | 445.00 | -0.89% | |
| S2 | 444.00 | -1.11% | ||
| S3 | 438.00 | -2.45% |
6045 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2025 | Mar 28, 2025 | Mar 28, 2025 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥10.00 | 1.30% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥10.00 | 1.57% |
| 4 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥9.00 | 1.46% |
| 5 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥9.00 | 3.95% |
FAQ
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