PARAMOUNT BED HOLDINGS CO.,LTD. Stock Forecast
PARAMOUNT BED HOLDINGS CO.,LTD. stock downgraded to Buy Candidate
(Updated on Jun 21, 2024)
The PARAMOUNT BED HOLDINGS CO.,LTD. stock price gained 0.256% on the last trading day (Friday, 21st Jun 2024), rising from JP¥2,733.00 to JP¥2,740.00. During the last trading day the stock fluctuated 1.83% from a day low at JP¥2,730.00 to a day high of JP¥2,780.00. The price has fallen in 6 of the last 10 days and is down by -5.42% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 387 thousand more shares were traded than the day before. In total, 577 thousand shares were bought and sold for approximately JP¥1.58 billion.
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 4.44% during the next 3 months and, with a 90% probability hold a price between JP¥2,803.32 and JP¥3,069.78 at the end of this 3-month period.
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7817.T Signals & Forecast
The PARAMOUNT BED HOLDINGS CO.,LTD. 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¥2,738.14 and JP¥2,691.03. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 2.24%. 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 PARAMOUNT BED HOLDINGS CO.,LTD. stock
PARAMOUNT BED HOLDINGS CO.,LTD. finds support from accumulated volume at JP¥2,733.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved JP¥50.00 between high and low, or 1.83%. For the last week, the stock has had daily average volatility of 2.04%.
Our recommended stop-loss: JP¥2,590.74 (-5.45%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (7817.T) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect PARAMOUNT BED HOLDINGS CO.,LTD. to open at JP¥2,750.00, and during the day (based on 14 day Average True Range), to move between JP¥2,679.06 and JP¥2,800.94, which gives a possible trading interval of +/-JP¥60.94 (+/-2.22%) up or down from last closing price. If PARAMOUNT BED HOLDINGS CO.,LTD. takes out the full calculated possible swing range there will be an estimated 4.45% 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¥2,733.00 (0.26%) than the resistance at JP¥2,787.00 (1.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is PARAMOUNT BED HOLDINGS CO.,LTD. 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 PARAMOUNT BED HOLDINGS CO.,LTD. stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 4.664 Buy Candidate Downgraded
Predicted Opening Price for PARAMOUNT BED HOLDINGS CO.,LTD. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| JP¥2,750.00 ( 0.365%) | JP¥2,740.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7817.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,800.00 | 2.19% |
| R2 | 2,780.90 | 1.49% |
| R1 | 2,769.10 | 1.06% |
| Price | 2,740.00 | |
| S1 | 2,730.90 | -0.332% |
| S2 | 2,719.10 | -0.763% |
| S3 | 2,700.00 | -1.46% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,828.00 | 3.21% |
| R2 | 2,798.00 | 2.12% |
| R1 | 2,787.00 | 1.72% |
| Price | 2,740.00 | |
| S1 | 2,733.00 | -0.255% |
| S2 | 2,652.00 | -3.21% |
| S3 | 2,636.00 | -3.80% |
7817 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 10, 2024 | JP¥34.00 | 1.16% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥31.00 | 1.32% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥31.00 | 1.34% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥28.00 | 1.10% |
FAQ
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