Snow Peak,Inc. Stock Forecast
Snow Peak,Inc. stock downgraded from Hold/Accumulate to Sell Candidate after Wednesday trading session.
(Updated on May 29, 2024)
No changes to the price of Snow Peak,Inc. stock on the last trading day (Wednesday, 29th May 2024). During the last trading day the stock fluctuated 0.161% from a day low at JP¥1,245.00 to a day high of JP¥1,247.00. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Snow Peak,Inc. stock with a 90% probability to be traded between JP¥1,237.64 and JP¥1,247.50 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
7816.T Signals & Forecast
The Snow Peak,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¥1,245.00 and JP¥1,244.80. A breakdown below any of these levels will issue sell signals. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. 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 14, 2024, and so far it has fallen -0.0803%. 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). The stock had a Golden Star Signal on Wednesday, May 08, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Wednesday, May 08, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A buy signal from a double bottom formation was found on Friday, April 26, 2024 with a target of JP¥1,244.36. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Snow Peak,Inc. stock
Snow Peak,Inc. finds support from accumulated volume at JP¥1,244.00 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¥2.00 between high and low, or 0.161%. For the last week the stock has had daily average volatility of 0.112%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (7816.T) For The Upcoming Trading Day Of Thursday 30th
For the upcoming trading day on Thursday, 30th we expect Snow Peak,Inc. to open at JP¥1,245.67, and during the day (based on 14 day Average True Range), to move between JP¥1,243.02 and JP¥1,246.98, which gives a possible trading interval of +/-JP¥1.98 (+/-0.16%) up or down from last closing price. If Snow Peak,Inc. takes out the full calculated possible swing range there will be an estimated 0.32% 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¥1,246.00 (0.08%) than the support at JP¥1,244.00 (0.08%), 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 Snow Peak,Inc. stock A Buy?
Snow Peak,Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, 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 Hold/Accumulate to a Sell candidate.
Current score: -1.610 Sell Candidate Downgraded
Predicted Opening Price for Snow Peak,Inc. of Thursday, May 30, 2024
| Fair opening price May 30, 2024 | Current price |
|---|---|
| JP¥1,245.67 ( 0.0535%) | JP¥1,245.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7816.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,247.67 | 0.214 % | |
| R2 | 1,246.90 | 0.153 % | ||
| R1 | 1,246.43 | 0.115 % | ||
| Current price: | 1,245.00 | |||
| Support | S1 | 1,244.90 | -0.0078 % | |
| S2 | 1,244.43 | -0.0457 % | ||
| S3 | 1,243.67 | -0.107 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,249.00 | 0.321 % | |
| R2 | 1,247.00 | 0.161 % | ||
| R1 | 1,246.00 | 0.0803 % | ||
| Current price | 1,245.00 | |||
| Support | S1 | 1,244.00 | -0.0803% | |
| S2 | 1,243.00 | -0.161% | ||
| S3 | 1,242.00 | -0.241% |
7816 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2024 | Dec 27, 2024 | Dec 27, 2024 | JP¥0 | 0% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | JP¥0 | 0% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥12.00 | 0.505% |
| 4 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥10.00 | 0.311% |
| 5 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | JP¥6.25 | 0.680% |
FAQ
Click here for our free guide on how to buy Snow Peak,Inc. Stock.
