BANDAI NAMCO Holdings Inc. Stock Forecast
Green day on Tuesday for BANDAI NAMCO Holdings Inc.
(Updated on May 07, 2024)
The BANDAI NAMCO Holdings Inc. stock price gained 1.35% on the last trading day (Tuesday, 7th May 2024), rising from JP¥2,966.00 to JP¥3,006.00. During the last trading day the stock fluctuated 2.13% from a day low at JP¥2,954.00 to a day high of JP¥3,017.00. The price has risen in 6 of the last 10 days and is up by 3.76% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 736 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately JP¥5.56 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¥2,982.21, a level that may pose a second chance to hit a runner. According to fan-theory JP¥3,388.96 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
Mostly positive signals in the chart today. 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¥2,957.07 and JP¥2,872.33. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 9.11%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
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.
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¥63.00 (2.13%) between high and low. For the last week, the stock has had daily average volatility of 1.68%.
Our recommended stop-loss: JP¥2,842.54 (-5.44%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (7832.T) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect BANDAI NAMCO Holdings Inc. to open at JP¥2,992.33, and during the day (based on 14 day Average True Range), to move between JP¥2,946.33 and JP¥3,065.67, which gives a possible trading interval of +/-JP¥59.67 (+/-1.98%) 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 3.97% 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¥3,047.00 (1.36%) than the support at JP¥2,896.50 (3.64%), 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.
Earnings coming up
BANDAI NAMCO Holdings Inc. will release earnings BMO on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $21.28. We will update the financials statements for BANDAI NAMCO Holdings Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.01% in the first trading day after earnings release.
Is BANDAI NAMCO Holdings Inc. stock A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.
Current score: 2.915 Buy Candidate Unchanged
Predicted Opening Price for BANDAI NAMCO Holdings Inc. of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| JP¥2,992.33 ( 0.455%) | JP¥3,006.00 |
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 | 3,055.33 | 1.64 % | |
| R2 | 3,031.27 | 0.84 % | ||
| R1 | 3,016.40 | 0.346 % | ||
| Current price: | 3,006.00 | |||
| Support | S1 | 2,968.27 | -1.26 % | |
| S2 | 2,953.40 | -1.75 % | ||
| S3 | 2,929.33 | -2.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,104.00 | 3.26 % | |
| R2 | 3,054.00 | 1.60 % | ||
| R1 | 3,047.00 | 1.36 % | ||
| Current price | 3,006.00 | |||
| Support | S1 | 2,896.50 | -3.64% | |
| S2 | 2,860.00 | -4.86% | ||
| S3 | 2,647.00 | -11.94% |
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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