MATCHING SERVICE JAPAN CO.,LTD. Stock Forecast
Stronger technical forecast for MATCHING SERVICE JAPAN CO.,LTD. stock price after Wednesday trading.
(Updated on May 08, 2024)
The MATCHING SERVICE JAPAN CO.,LTD. stock price gained 0.84% on the last trading day (Wednesday, 8th May 2024), rising from JP¥1,195.00 to JP¥1,205.00. During the last trading day the stock fluctuated 1.59% from a day low at JP¥1,194.00 to a day high of JP¥1,213.00. The price has fallen in 6 of the last 10 days but is still up by 2.21% over the past 2 weeks. Volume fell on the last day by -51 thousand shares and in total, 45 thousand shares were bought and sold for approximately JP¥54.23 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 is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect MATCHING SERVICE JAPAN CO.,LTD. stock with a 90% probability to be traded between JP¥1,137.21 and JP¥1,272.42 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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6539.T Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -1.55%. 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). The MATCHING SERVICE JAPAN 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¥1,203.29 and JP¥1,192.26. A breakdown below any of these levels will issue sell signals. 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. The stock had a Golden Star Signal on Friday, November 17, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, November 17, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for MATCHING SERVICE JAPAN CO.,LTD. stock
MATCHING SERVICE JAPAN CO.,LTD. finds support from accumulated volume at JP¥1,179.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved JP¥19.00 between high and low, or 1.59%. For the last week the stock has had daily average volatility of 1.53%.
Our recommended stop-loss: JP¥1,160.61 (-3.68%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (6539.T) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect MATCHING SERVICE JAPAN CO.,LTD. to open at JP¥1,204.00, and during the day (based on 14 day Average True Range), to move between JP¥1,181.96 and JP¥1,228.04, which gives a possible trading interval of +/-JP¥23.04 (+/-1.91%) up or down from last closing price. If MATCHING SERVICE JAPAN CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.82% 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¥1,212.00 (0.58%) than the support at JP¥1,179.00 (2.16%), 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.
Earnings coming up
MATCHING SERVICE JAPAN CO.,LTD. will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for MATCHING SERVICE JAPAN CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.40% in the first trading day after earnings release.
Is MATCHING SERVICE JAPAN CO.,LTD. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for MATCHING SERVICE JAPAN CO.,LTD. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.315 Buy Candidate Upgraded
Predicted Opening Price for MATCHING SERVICE JAPAN CO.,LTD. of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| JP¥1,204.00 ( 0.0830%) | JP¥1,205.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6539.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,223.00 | 1.49 % | |
| R2 | 1,215.74 | 0.89 % | ||
| R1 | 1,211.26 | 0.519 % | ||
| Current price: | 1,205.00 | |||
| Support | S1 | 1,196.74 | -0.685 % | |
| S2 | 1,192.26 | -1.06 % | ||
| S3 | 1,185.00 | -1.66 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,219.00 | 1.16 % | |
| R2 | 1,213.00 | 0.664 % | ||
| R1 | 1,212.00 | 0.581 % | ||
| Current price | 1,205.00 | |||
| Support | S1 | 1,179.00 | -2.16% | |
| S2 | 1,157.00 | -3.98% | ||
| S3 | 1,151.00 | -4.48% |
6539 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥49.00 | 4.89% |
| 2 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥15.00 | 1.68% |
| 3 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥15.00 | 1.33% |
| 4 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥15.00 | 2.33% |
| 5 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥15.00 | 0.94% |
FAQ
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