BANDAI NAMCO Holdings Inc. Stock Forecast
Evaluation of BANDAI NAMCO Holdings Inc. stock downgraded after the last trading session.
(Updated on Apr 26, 2024)
The BANDAI NAMCO Holdings Inc. stock price fell by -0.323% on the last day (Friday, 26th Apr 2024) from JP¥2,938.50 to JP¥2,929.00. During the last trading day the stock fluctuated 1.64% from a day low at JP¥2,894.00 to a day high of JP¥2,941.50. The price has been going up and down for this period, and there has been a 1.42% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -215 thousand shares and in total, 2 million shares were bought and sold for approximately JP¥4.67 billion.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is JP¥2,854.66, a level that may pose a second chance to hit a runner. According to fan-theory JP¥3,276.52 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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7832.T Signals & Forecast
The BANDAI NAMCO Holdings 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¥2,906.14 and JP¥2,859.59. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Thursday, February 22, 2024, and so far it has fallen -3.87%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for BANDAI NAMCO Holdings Inc. stock
BANDAI NAMCO Holdings Inc. finds support from accumulated volume at JP¥2,896.50 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¥47.50 between high and low, or 1.64%. For the last week the stock has had daily average volatility of 1.62%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (7832.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect BANDAI NAMCO Holdings Inc. to open at JP¥2,921.50, and during the day (based on 14 day Average True Range), to move between JP¥2,867.70 and JP¥2,990.30, which gives a possible trading interval of +/-JP¥61.30 (+/-2.09%) up or down from last closing price. If BANDAI NAMCO Holdings Inc. takes out the full calculated possible swing range there will be an estimated 4.19% 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¥2,957.50 (0.97%) than the support at JP¥2,896.50 (1.11%), 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 BANDAI NAMCO Holdings Inc. stock A Buy?
BANDAI NAMCO Holdings 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: -1.216 Sell Candidate Downgraded
Predicted Opening Price for BANDAI NAMCO Holdings Inc. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥2,921.50 ( 0.256%) | JP¥2,929.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7832.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,969.00 | 1.37 % | |
| R2 | 2,950.86 | 0.746 % | ||
| R1 | 2,939.65 | 0.363 % | ||
| Current price: | 2,929.00 | |||
| Support | S1 | 2,903.36 | -0.88 % | |
| S2 | 2,892.15 | -1.26 % | ||
| S3 | 2,874.00 | -1.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,096.00 | 5.70 % | |
| R2 | 2,984.50 | 1.89 % | ||
| R1 | 2,957.50 | 0.97 % | ||
| Current price | 2,929.00 | |||
| Support | S1 | 2,896.50 | -1.11% | |
| S2 | 2,860.00 | -2.36% | ||
| S3 | 2,647.00 | -9.63% |
7832 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥10.00 | 0.326% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥50.66 | 1.80% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥9.00 | 0.283% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥54.67 | 1.73% |
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