Marumae Co.,Ltd. Stock Forecast
Marumae Co.,Ltd. stock upgraded from Sell Candidate to Buy Candidate after Friday trading session.
(Updated on May 31, 2024)
The Marumae Co.,Ltd. stock price gained 4.04% on the last trading day (Friday, 31st May 2024), rising from JP¥2,079.00 to JP¥2,163.00. During the last trading day the stock fluctuated 4.74% from a day low at JP¥2,066.00 to a day high of JP¥2,164.00. The price has been going up and down for this period, and there has been a 9.85% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 800 more shares were traded than the day before. In total, 78 thousand shares were bought and sold for approximately JP¥167.85 million.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at JP¥2,166.43 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -7.21% during the next 3 months and, with a 90% probability hold a price between JP¥1,551.78 and JP¥2,010.19 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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6264.T Signals & Forecast
Mostly positive signals in the chart today. The Marumae 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¥2,082.71 and JP¥1,941.49. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 11, 2024, and so far it has risen 22.55%. 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.
Support, Risk & Stop-loss for Marumae Co.,Ltd. stock
Marumae Co.,Ltd. finds support from accumulated volume at JP¥2,067.00 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¥98.00 between high and low, or 4.74%. For the last week, the stock has had daily average volatility of 3.55%.
Our recommended stop-loss: JP¥2,083.40 (-3.68%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 44 days ago.)
Trading Expectations (6264.T) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Marumae Co.,Ltd. to open at JP¥2,131.00, and during the day (based on 14 day Average True Range), to move between JP¥2,092.05 and JP¥2,233.95, which gives a possible trading interval of +/-JP¥70.95 (+/-3.28%) up or down from last closing price. If Marumae Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 6.56% 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¥2,067.00 (4.44%) than the resistance at JP¥2,282.00 (5.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Marumae Co.,Ltd. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for 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: 1.326 Buy Candidate Upgraded
Predicted Opening Price for Marumae Co.,Ltd. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| JP¥2,131.00 ( 1.48%) | JP¥2,163.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6264.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,229.00 | 3.05 % | |
| R2 | 2,191.56 | 1.32 % | ||
| R1 | 2,168.44 | 0.251 % | ||
| Current price: | 2,163.00 | |||
| Support | S1 | 2,093.56 | -3.21 % | |
| S2 | 2,070.44 | -4.28 % | ||
| S3 | 2,033.00 | -6.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,332.00 | 7.81 % | |
| R2 | 2,300.00 | 6.33 % | ||
| R1 | 2,282.00 | 5.50 % | ||
| Current price | 2,163.00 | |||
| Support | S1 | 2,067.00 | -4.44% | |
| S2 | 1,891.00 | -12.58% | ||
| S3 | 1,858.00 | -14.10% |
6264 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2024 | Aug 29, 2024 | Aug 29, 2024 | JP¥0 | 0% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | JP¥0 | 0% |
| 3 | Aug 30, 2023 | Aug 30, 2023 | Aug 30, 2023 | JP¥18.00 | 1.02% |
| 4 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | JP¥18.00 | 0.96% |
| 5 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | JP¥26.00 | 1.25% |
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