CHARM CARE CORPORATION Stock Forecast
CHARM CARE CORPORATION stock price ended at JP¥1,461.00 on Friday, after losing 2.86%.
(Updated on Apr 19, 2024)
The CHARM CARE CORPORATION stock price fell by -2.86% on the last day (Friday, 19th Apr 2024) from JP¥1,504.00 to JP¥1,461.00. During the last trading day the stock fluctuated 3.90% from a day low at JP¥1,435.00 to a day high of JP¥1,491.00. The price has fallen in 7 of the last 10 days and is down by -7.94% for this period. 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 -27 thousand shares and in total, 81 thousand shares were bought and sold for approximately JP¥117.90 million.
Given the current short-term trend, the stock is expected to rise 30.73% during the next 3 months and, with a 90% probability hold a price between JP¥1,909.91 and JP¥2,295.91 at the end of this 3-month period.
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6062.T Signals & Forecast
There are few to no technical positive signals at the moment. The CHARM CARE CORPORATION 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¥1,522.43 and JP¥1,509.60. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -11.35%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for CHARM CARE CORPORATION stock
CHARM CARE CORPORATION finds support from accumulated volume at JP¥1,399.00 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¥56.00 between high and low, or 3.90%. For the last week, the stock has had daily average volatility of 3.85%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6062.T) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect CHARM CARE CORPORATION to open at JP¥1,462.33, and during the day (based on 14 day Average True Range), to move between JP¥1,409.71 and JP¥1,512.29, which gives a possible trading interval of +/-JP¥51.29 (+/-3.51%) up or down from last closing price. If CHARM CARE CORPORATION takes out the full calculated possible swing range there will be an estimated 7.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at JP¥1,462.00 (0.07%) than the support at JP¥1,399.00 (4.24%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is CHARM CARE CORPORATION stock A Buy?
The CHARM CARE CORPORATION stock holds several negative signals and despite the positive trend, we believe CHARM CARE CORPORATION will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.881 Sell Candidate Unchanged
Predicted Opening Price for CHARM CARE CORPORATION of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| JP¥1,462.33 ( 0.0913%) | JP¥1,461.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6062.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,518.33 | 3.92 % | |
| R2 | 1,496.94 | 2.46 % | ||
| R1 | 1,483.73 | 1.56 % | ||
| Current price: | 1,461.00 | |||
| Support | S1 | 1,440.94 | -1.37 % | |
| S2 | 1,427.73 | -2.28 % | ||
| S3 | 1,406.33 | -3.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,508.00 | 3.22 % | |
| R2 | 1,500.00 | 2.67 % | ||
| R1 | 1,462.00 | 0.0684 % | ||
| Current price | 1,461.00 | |||
| Support | S1 | 1,399.00 | -4.24% | |
| S2 | 1,373.00 | -6.02% | ||
| S3 | 1,333.00 | -8.76% |
6062 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥22.00 | 1.70% |
| 2 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥17.00 | 1.75% |
| 3 | Jun 29, 2021 | Jun 29, 2021 | Jun 29, 2021 | JP¥9.00 | 0.736% |
| 4 | Jun 29, 2020 | Jun 29, 2020 | Jun 29, 2020 | JP¥6.50 | 0.779% |
| 5 | Jun 26, 2019 | Jun 26, 2019 | Jun 26, 2019 | JP¥1.25 | 0.154% |
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