DesignOne Japan,Inc. Stock Forecast
DesignOne Japan,Inc. stock upgraded from Sell Candidate to Buy Candidate after Thursday trading session.
(Updated on May 09, 2024)
The DesignOne Japan,Inc. stock price gained 0.758% on the last trading day (Thursday, 9th May 2024), rising from JP¥132.00 to JP¥133.00. During the last trading day the stock fluctuated 2.31% from a day low at JP¥130.00 to a day high of JP¥133.00. The price has fallen in 4 of the last 10 days but is still up by 0.76% 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, 21 thousand more shares were traded than the day before. In total, 66 thousand shares were bought and sold for approximately JP¥8.75 million.
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¥130.18 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 2.40% during the next 3 months and, with a 90% probability hold a price between JP¥133.31 and JP¥150.87 at the end of this 3-month period.
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6048.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 2.31%. 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 DesignOne Japan,Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥137.31. On a fall, the stock will find some support from the short-term average at JP¥132.14. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for DesignOne Japan,Inc. stock
DesignOne Japan,Inc. finds support from accumulated volume at JP¥132.00 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¥3.00 between high and low, or 2.31%. For the last week, the stock has had daily average volatility of 2.15%.
Our recommended stop-loss: JP¥126.06 (-5.22%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (6048.T) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect DesignOne Japan,Inc. to open at JP¥132.00, and during the day (based on 14 day Average True Range), to move between JP¥129.52 and JP¥136.48, which gives a possible trading interval of +/-JP¥3.48 (+/-2.61%) up or down from last closing price. If DesignOne Japan,Inc. takes out the full calculated possible swing range there will be an estimated 5.23% 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¥132.00 (0.75%) than the resistance at JP¥135.00 (1.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is DesignOne Japan,Inc. 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 DesignOne Japan,Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.384 Buy Candidate Upgraded
Predicted Opening Price for DesignOne Japan,Inc. of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| JP¥132.00 ( 0.752%) | JP¥133.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6048.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 135.00 | 1.50 % | |
| R2 | 133.85 | 0.642 % | ||
| R1 | 133.15 | 0.110 % | ||
| Current price: | 133.00 | |||
| Support | S1 | 130.85 | -1.61 % | |
| S2 | 130.15 | -2.15 % | ||
| S3 | 129.00 | -3.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 146.00 | 9.77 % | |
| R2 | 139.00 | 4.51 % | ||
| R1 | 135.00 | 1.50 % | ||
| Current price | 133.00 | |||
| Support | S1 | 132.00 | -0.752% | |
| S2 | 130.00 | -2.26% | ||
| S3 | 127.00 | -4.51% |
6048 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2017 | Aug 29, 2017 | Aug 29, 2017 | JP¥1.00 | 0.0804% |
| 2 | Aug 29, 2016 | Aug 29, 2016 | Aug 29, 2016 | JP¥1.00 | 0.109% |
FAQ
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