GMO Financial Holdings,Inc. Stock Forecast
Green day on Friday for GMO Financial Holdings,Inc. stock after gaining 2.20%
(Updated on May 31, 2024)
The GMO Financial Holdings,Inc. stock price gained 2.20% on the last trading day (Friday, 31st May 2024), rising from JP¥771.00 to JP¥788.00. During the last trading day the stock fluctuated 2.34% from a day low at JP¥770.00 to a day high of JP¥788.00. The price has been going up and down for this period, and there has been a -0.13% loss 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, 138 thousand more shares were traded than the day before. In total, 311 thousand shares were bought and sold for approximately JP¥244.67 million.
The stock lies in the middle of a weak 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 5.11% during the next 3 months and, with a 90% probability hold a price between JP¥793.59 and JP¥864.01 at the end of this 3-month period.
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7177.T Signals & Forecast
The GMO Financial Holdings,Inc. 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¥779.29 and JP¥766.66. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -0.88%. 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).
A sell signal from a double top formation was found on Tuesday, May 21, 2024 and based on theory for this formation the price should fall by -12.23% to JP¥691.65 within 34 trading days since signal was issued (Monday, June 03, 2024).
Support, Risk & Stop-loss for GMO Financial Holdings,Inc. stock
GMO Financial Holdings,Inc. finds support from accumulated volume at JP¥763.00 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¥18.00 between high and low, or 2.34%. For the last week the stock has had daily average volatility of 1.40%.
Our recommended stop-loss: JP¥756.61 (-3.98%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 27 days ago.)
Trading Expectations (7177.T) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect GMO Financial Holdings,Inc. to open at JP¥782.00, and during the day (based on 14 day Average True Range), to move between JP¥775.33 and JP¥800.67, which gives a possible trading interval of +/-JP¥12.67 (+/-1.61%) up or down from last closing price. If GMO Financial Holdings,Inc. 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¥789.00 (0.13%) than the support at JP¥763.00 (3.17%), 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 GMO Financial Holdings,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 GMO Financial Holdings,Inc. stock to perform well in the short-term.
Current score: 3.761 Buy Candidate Unchanged
Predicted Opening Price for GMO Financial Holdings,Inc. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| JP¥782.00 ( 0.761%) | JP¥788.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7177.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 800.00 | 1.52 % | |
| R2 | 793.12 | 0.650 % | ||
| R1 | 788.88 | 0.111 % | ||
| Current price: | 788.00 | |||
| Support | S1 | 775.12 | -1.63 % | |
| S2 | 770.88 | -2.17 % | ||
| S3 | 764.00 | -3.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 795.00 | 0.89 % | |
| R2 | 793.00 | 0.635 % | ||
| R1 | 789.00 | 0.127 % | ||
| Current price | 788.00 | |||
| Support | S1 | 763.00 | -3.17% | |
| S2 | 759.00 | -3.68% | ||
| S3 | 737.00 | -6.47% |
7177 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Sep 01, 2024 | JP¥11.65 | 1.48% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 01, 2024 | JP¥11.65 | 1.48% |
| 3 | Dec 28, 2023 | Dec 28, 2023 | Mar 01, 2024 | JP¥11.20 | 1.55% |
| 4 | Sep 28, 2023 | Sep 28, 2023 | Dec 20, 2023 | JP¥9.80 | 1.35% |
| 5 | Jun 29, 2023 | Jun 29, 2023 | Sep 20, 2023 | JP¥5.70 | 0.738% |
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