Marvelous Inc. Stock Forecast
Marvelous Inc. stock upgraded to Buy Candidate.
(Updated on Jun 26, 2024)
The Marvelous Inc. stock price gained 0.92% on the last trading day (Wednesday, 26th Jun 2024), rising from JP¥650.00 to JP¥656.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.92% from a day low at JP¥650.00 to a day high of JP¥656.00. The price has risen in 6 of the last 10 days and is up by 4.46% 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, 27 thousand more shares were traded than the day before. In total, 140 thousand shares were bought and sold for approximately JP¥91.84 million.
Given the current short-term trend, the stock is expected to fall -10.79% during the next 3 months and, with a 90% probability hold a price between JP¥503.54 and JP¥585.24 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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7844.T Signals & Forecast
Mostly positive signals in the chart today. The Marvelous 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¥641.57 and JP¥633.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 11.19%. 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 Marvelous Inc. stock
Marvelous Inc. finds support from accumulated volume at JP¥642.00 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¥6.00 (0.92%) between high and low. For the last week, the stock has had daily average volatility of 1.48%.
Our recommended stop-loss: JP¥631.33 (-3.76%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 46 days ago.)
Trading Expectations (7844.T) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Marvelous Inc. to open at JP¥654.00, and during the day (based on 14 day Average True Range), to move between JP¥645.29 and JP¥666.71, which gives a possible trading interval of +/-JP¥10.71 (+/-1.63%) up or down from last closing price. If Marvelous Inc. takes out the full calculated possible swing range there will be an estimated 3.27% 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¥642.00 (2.13%) than the resistance at JP¥682.00 (3.96%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Marvelous Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.753 Buy Candidate Upgraded
Predicted Opening Price for Marvelous Inc. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| JP¥654.00 ( 0.305%) | JP¥656.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7844.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 660.00 | 0.610% |
| R2 | 657.71 | 0.260% |
| R1 | 656.29 | 0.0445% |
| Price | 656.00 | |
| S1 | 651.71 | -0.654% |
| S2 | 650.29 | -0.87% |
| S3 | 648.00 | -1.22% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 727.00 | 10.82% |
| R2 | 690.00 | 5.18% |
| R1 | 682.00 | 3.96% |
| Price | 656.00 | |
| S1 | 642.00 | -2.13% |
| S2 | 636.00 | -3.05% |
| S3 | 631.00 | -3.81% |
7844 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Jun 07, 2024 | JP¥33.00 | 5.17% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥33.00 | 4.93% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥33.00 | 4.58% |
| 4 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥33.00 | 3.77% |
| 5 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥33.00 | 6.03% |
FAQ
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