Roland DG Corporation Stock Forecast
Evaluation of Roland DG Corporation stock downgraded after the last trading session.
(Updated on May 09, 2024)
The Roland DG Corporation stock price fell by -4.46% on the last day (Thursday, 9th May 2024) from JP¥5,610.00 to JP¥5,360.00. During the last trading day the stock fluctuated 5.62% from a day low at JP¥5,340.00 to a day high of JP¥5,640.00. The price has risen in 5 of the last 10 days but is still down by -1.11% for this period. Volume has increased on the last day by 135 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 186 thousand shares were bought and sold for approximately JP¥999.10 million.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.99% during the next 3 months and, with a 90% probability hold a price between JP¥6,000.57 and JP¥6,443.07 at the end of this 3-month period.
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6789.T Signals & Forecast
There are few to no technical positive signals at the moment. The Roland DG 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¥5,538.57 and JP¥5,463.14. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -4.46%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Roland DG Corporation stock
Roland DG Corporation finds support from accumulated volume at JP¥5,350.00 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¥300.00 between high and low, or 5.62%. For the last week the stock has had daily average volatility of 1.66%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6789.T) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Roland DG Corporation to open at JP¥5,446.67, and during the day (based on 14 day Average True Range), to move between JP¥5,273.77 and JP¥5,446.23, which gives a possible trading interval of +/-JP¥86.23 (+/-1.61%) up or down from last closing price. If Roland DG Corporation takes out the full calculated possible swing range there will be an estimated 3.22% 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¥5,370.00 (0.19%) than the support at JP¥5,350.00 (0.19%), 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
Roland DG Corporation will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for Roland DG Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.92% in the first trading day after earnings release.
Is Roland DG Corporation stock A Buy?
The Roland DG Corporation stock holds several negative signals and despite the positive trend, we believe Roland DG Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Sell candidate.
Current score: -4.624 Sell Candidate Downgraded
Predicted Opening Price for Roland DG Corporation of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| JP¥5,446.67 ( 1.62%) | JP¥5,360.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6789.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5,746.67 | 7.21 % | |
| R2 | 5,632.07 | 5.08 % | ||
| R1 | 5,561.27 | 3.75 % | ||
| Current price: | 5,360.00 | |||
| Support | S1 | 5,332.07 | -0.521 % | |
| S2 | 5,261.27 | -1.84 % | ||
| S3 | 5,146.67 | -3.98 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5,480.00 | 2.24 % | |
| R2 | 5,420.00 | 1.12 % | ||
| R1 | 5,370.00 | 0.187 % | ||
| Current price | 5,360.00 | |||
| Support | S1 | 5,350.00 | -0.187% | |
| S2 | 5,020.00 | -6.34% | ||
| S3 | 5,010.00 | -6.53% |
6789 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥55.00 | 1.52% |
| 2 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥80.00 | 2.90% |
| 3 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥50.00 | 1.51% |
| 4 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥60.00 | 1.65% |
| 5 | Jun 29, 2021 | Jun 29, 2021 | Jun 29, 2021 | JP¥40.00 | 1.44% |
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