PARAMOUNT BED HOLDINGS CO.,LTD. Stock Forecast
PARAMOUNT BED HOLDINGS CO.,LTD. stock downgraded to Sell Candidate
(Updated on Jun 27, 2024)
The PARAMOUNT BED HOLDINGS CO.,LTD. stock price fell by -3.05% on the last day (Thursday, 27th Jun 2024) from JP¥2,784.00 to JP¥2,699.00. During the last trading day the stock fluctuated 2.75% from a day low at JP¥2,690.00 to a day high of JP¥2,764.00. The price has risen in 6 of the last 10 days but is still down by -2.84% for this period. Volume has increased on the last day by 76 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 186 thousand shares were bought and sold for approximately JP¥501.20 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 4.95% during the next 3 months and, with a 90% probability hold a price between JP¥2,753.10 and JP¥3,096.35 at the end of this 3-month period.
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7817.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 0.709%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The PARAMOUNT BED HOLDINGS CO.,LTD. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥2,736.57 and JP¥2,701.60. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for PARAMOUNT BED HOLDINGS CO.,LTD. stock
PARAMOUNT BED HOLDINGS CO.,LTD. finds support from accumulated volume at JP¥2,695.00 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¥74.00 between high and low, or 2.75%. For the last week, the stock has had daily average volatility of 1.86%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (7817.T) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect PARAMOUNT BED HOLDINGS CO.,LTD. to open at JP¥2,717.67, and during the day (based on 14 day Average True Range), to move between JP¥2,637.99 and JP¥2,760.01, which gives a possible trading interval of +/-JP¥61.01 (+/-2.26%) 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 4.52% 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¥2,695.00 (0.15%) than the resistance at JP¥2,733.00 (1.26%), 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?
The PARAMOUNT BED HOLDINGS CO.,LTD. stock holds several negative signals and despite the positive trend, we believe PARAMOUNT BED HOLDINGS CO.,LTD. will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Sell candidate.
Current score: -1.117 Sell Candidate Downgraded
Predicted Opening Price for PARAMOUNT BED HOLDINGS CO.,LTD. of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| JP¥2,717.67 ( 0.692%) | JP¥2,699.00 |
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 | 2,791.67 | 3.43% |
| R2 | 2,763.40 | 2.39% |
| R1 | 2,745.93 | 1.74% |
| Price | 2,699.00 | |
| S1 | 2,689.40 | -0.356% |
| S2 | 2,671.93 | -1.00% |
| S3 | 2,643.67 | -2.05% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,787.00 | 3.26% |
| R2 | 2,740.00 | 1.52% |
| R1 | 2,733.00 | 1.26% |
| Price | 2,699.00 | |
| S1 | 2,695.00 | -0.148% |
| S2 | 2,580.00 | -4.41% |
| S3 | 2,563.00 | -5.04% |
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% |
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