MANI,INC. Stock Forecast
MANI,INC. stock upgraded to Strong Buy Candidate.
(Updated on Jun 28, 2024)
The MANI,INC. stock price gained 0.84% on the last trading day (Friday, 28th Jun 2024), rising from JP¥1,968.50 to JP¥1,985.00. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.67% from a day low at JP¥1,980.00 to a day high of JP¥2,013.00. The price has risen in 7 of the last 10 days and is up by 4.75% 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, 81 thousand more shares were traded than the day before. In total, 479 thousand shares were bought and sold for approximately JP¥949.82 million.
The stock lies in the middle of a wide and 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 2.33% during the next 3 months and, with a 90% probability hold a price between JP¥1,847.73 and JP¥2,105.20 at the end of this 3-month period.
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7730.T Signals & Forecast
The MANI,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¥1,921.07 and JP¥1,890.06. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 12.15%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for MANI,INC. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥1,862.50 and JP¥1,830.00. 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, MANI,INC. finds support just below today's level at JP¥1,862.50. If this is broken, then the next support from accumulated volume will be at JP¥1,830.00 and JP¥1,813.00.
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¥33.00 between high and low, or 1.67%. For the last week the stock has had daily average volatility of 1.64%.
Our recommended stop-loss: JP¥1,909.17 (-3.82%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 76 days ago.)
Trading Expectations (7730.T) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect MANI,INC. to open at JP¥1,992.67, and during the day (based on 14 day Average True Range), to move between JP¥1,952.88 and JP¥2,017.12, which gives a possible trading interval of +/-JP¥32.12 (+/-1.62%) up or down from last closing price. If MANI,INC. takes out the full calculated possible swing range there will be an estimated 3.24% 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¥2,011.00 (1.31%) than the support at JP¥1,862.50 (6.17%), 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.
Earnings coming up
MANI,INC. will release earnings BMO on Friday, July 05, 2024. We will update the financials statements for MANI,INC., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.24% in the first trading day after earnings release.
Is MANI,INC. stock A Buy?
MANI,INC. holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.089 Strong Buy Candidate Upgraded
Predicted Opening Price for MANI,INC. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| JP¥1,992.67 ( 0.386%) | JP¥1,985.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7730.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,025.67 | 2.05% |
| R2 | 2,013.06 | 1.41% |
| R1 | 2,005.27 | 1.02% |
| Price | 1,985.00 | |
| S1 | 1,980.06 | -0.249% |
| S2 | 1,972.27 | -0.641% |
| S3 | 1,959.67 | -1.28% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 2,011.00 | 1.31% |
| Price | 1,985.00 | |
| S1 | 1,862.50 | -6.17% |
| S2 | 1,830.00 | -7.81% |
| S3 | 1,813.00 | -8.66% |
7730 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2024 | Aug 29, 2024 | Nov 01, 2024 | JP¥23.00 | 1.16% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | JP¥16.00 | 0.783% |
| 3 | Aug 30, 2023 | Aug 30, 2023 | Aug 30, 2023 | JP¥19.00 | 1.01% |
| 4 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | JP¥14.00 | 0.758% |
| 5 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | JP¥18.00 | 1.04% |
FAQ
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