MEDIPAL HOLDINGS CORPORATION Stock Forecast
MEDIPAL HOLDINGS CORPORATION stock price ended at JP¥2,495.50 on Tuesday, after gaining 1.11%.
(Updated on Jul 02, 2024)
The MEDIPAL HOLDINGS CORPORATION stock price gained 1.11% on the last trading day (Tuesday, 2nd Jul 2024), rising from JP¥2,468.00 to JP¥2,495.50. During the last trading day the stock fluctuated 1.95% from a day low at JP¥2,458.50 to a day high of JP¥2,506.50. The price has risen in 6 of the last 10 days and is up by 7.15% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 62 thousand more shares were traded than the day before. In total, 430 thousand shares were bought and sold for approximately JP¥1.07 billion.
The stock has broken the wide and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. JP¥2,465.40 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach JP¥2,729.25 sometime during the next 3 months.
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7459.T Signals & Forecast
Mostly positive signals in the chart today. The MEDIPAL HOLDINGS CORPORATION 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¥2,442.36 and JP¥2,325.24. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 22, 2024, and so far it has risen 12.54%. 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 MEDIPAL HOLDINGS CORPORATION stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥2,339.00 and JP¥2,318.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, MEDIPAL HOLDINGS CORPORATION finds support just below today's level at JP¥2,339.00. If this is broken, then the next support from accumulated volume will be at JP¥2,318.00 and JP¥2,312.00.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥48.00 (1.95%) between high and low. For the last week, the stock has had daily average volatility of 1.44%.
Our recommended stop-loss: JP¥2,406.66 (-3.56%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 42 days ago.)
Trading Expectations (7459.T) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect MEDIPAL HOLDINGS CORPORATION to open at JP¥2,486.83, and during the day (based on 14 day Average True Range), to move between JP¥2,453.53 and JP¥2,537.47, which gives a possible trading interval of +/-JP¥41.97 (+/-1.68%) up or down from last closing price. If MEDIPAL HOLDINGS CORPORATION takes out the full calculated possible swing range there will be an estimated 3.36% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥2,339.00, some JP¥156.50 (6.27%) from the current price of JP¥2,495.50, our system finds the risk reward attractive.
Is MEDIPAL HOLDINGS CORPORATION stock A Buy?
Several short-term signals are positive and the stock has broken the horizontal trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for MEDIPAL HOLDINGS CORPORATION stock to perform well in the short-term period.
Current score: 1.761 Buy Candidate Unchanged
Predicted Opening Price for MEDIPAL HOLDINGS CORPORATION of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| JP¥2,486.83 ( 0.347%) | JP¥2,495.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7459.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,534.83 | 1.58% |
| R2 | 2,516.50 | 0.84% |
| R1 | 2,505.17 | 0.387% |
| Price | 2,495.50 | |
| S1 | 2,468.50 | -1.08% |
| S2 | 2,457.17 | -1.54% |
| S3 | 2,438.83 | -2.27% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 2,495.50 | |
| S1 | 2,339.00 | -6.27% |
| S2 | 2,318.00 | -7.11% |
| S3 | 2,312.00 | -7.35% |
7459 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 04, 2024 | JP¥30.00 | 1.28% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥30.00 | 1.19% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥23.00 | 1.29% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥23.00 | 1.25% |
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