MTG Co.,Ltd. Stock Forecast
Stronger technical forecast for MTG Co.,Ltd. stock price after Friday trading.
(Updated on Apr 26, 2024)
The MTG Co.,Ltd. stock price gained 0.197% on the last trading day (Friday, 26th Apr 2024), rising from JP¥1,524.00 to JP¥1,527.00. During the last trading day the stock fluctuated 2.25% from a day low at JP¥1,511.00 to a day high of JP¥1,545.00. The price has fallen in 6 of the last 10 days and is down by -1.23% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 12 thousand more shares were traded than the day before. In total, 22 thousand shares were bought and sold for approximately JP¥33.90 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥1,505.99 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 2.82% during the next 3 months and, with a 90% probability hold a price between JP¥1,548.51 and JP¥1,709.41 at the end of this 3-month period.
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7806.T Signals & Forecast
The MTG Co.,Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥1,529.71 and JP¥1,573.37. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.80%. 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.
Support, Risk & Stop-loss for MTG Co.,Ltd. stock
MTG Co.,Ltd. finds support from accumulated volume at JP¥1,524.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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¥34.00 (2.25%) between high and low. For the last week, the stock has had daily average volatility of 1.67%.
Our recommended stop-loss: JP¥1,440.45 (-5.67%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (7806.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect MTG Co.,Ltd. to open at JP¥1,527.67, and during the day (based on 14 day Average True Range), to move between JP¥1,492.60 and JP¥1,561.40, which gives a possible trading interval of +/-JP¥34.40 (+/-2.25%) up or down from last closing price. If MTG Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 4.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥1,524.00 (0.20%) than the resistance at JP¥1,541.00 (0.92%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is MTG Co.,Ltd. stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.677 Buy Candidate Upgraded
Predicted Opening Price for MTG Co.,Ltd. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥1,527.67 ( 0.0437%) | JP¥1,527.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7806.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,561.67 | 2.27 % | |
| R2 | 1,548.68 | 1.42 % | ||
| R1 | 1,540.65 | 0.89 % | ||
| Current price: | 1,527.00 | |||
| Support | S1 | 1,514.68 | -0.81 % | |
| S2 | 1,506.65 | -1.33 % | ||
| S3 | 1,493.67 | -2.18 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,602.00 | 4.91 % | |
| R2 | 1,579.00 | 3.41 % | ||
| R1 | 1,541.00 | 0.92 % | ||
| Current price | 1,527.00 | |||
| Support | S1 | 1,524.00 | -0.196% | |
| S2 | 1,500.00 | -1.77% | ||
| S3 | 1,491.00 | -2.36% |
7806 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥10.00 | 0.660% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥10.00 | 0.84% |
| 4 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥10.00 | 0.595% |
| 5 | Sep 27, 2019 | Sep 27, 2019 | Sep 27, 2019 | JP¥1.59 | 0.145% |
FAQ
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