WOOD ONE CO.,LTD. Stock Forecast
WOOD ONE CO.,LTD. stock price down 0% on Friday
(Updated on May 10, 2024)
No changes to the price of WOOD ONE CO.,LTD. stock on the last trading day (Friday, 10th May 2024). During the last trading day the stock fluctuated 0.81% from a day low at JP¥982.00 to a day high of JP¥990.00. The price has fallen in 6 of the last 10 days and is down by -1.89% for this period.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥974.38 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.94% during the next 3 months and, with a 90% probability hold a price between JP¥926.25 and JP¥1,003.64 at the end of this 3-month period.
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7898.T Signals & Forecast
There are mixed signals in the stock today. The WOOD ONE CO.,LTD. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥991.43 and JP¥1,022.11. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 0.510%. 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). The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely.
Support, Risk & Stop-loss for WOOD ONE CO.,LTD. stock
WOOD ONE CO.,LTD. finds support from accumulated volume at JP¥981.00 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¥8.00 between high and low, or 0.81%. For the last week the stock has had daily average volatility of 1.06%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (7898.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect WOOD ONE CO.,LTD. to open at JP¥986.00, and during the day (based on 14 day Average True Range), to move between JP¥968.77 and JP¥1,003.23, which gives a possible trading interval of +/-JP¥17.23 (+/-1.75%) up or down from last closing price. If WOOD ONE CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.49% 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¥981.00 (0.51%) than the resistance at JP¥1,040.00 (5.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is WOOD ONE CO.,LTD. stock A Buy?
WOOD ONE CO.,LTD. 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.
Current score: -1.488 Sell Candidate Unchanged
Predicted Opening Price for WOOD ONE CO.,LTD. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥986.00 ( 0%) | JP¥986.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7898.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 994.00 | 0.81 % | |
| R2 | 990.94 | 0.501 % | ||
| R1 | 989.06 | 0.310 % | ||
| Current price: | 986.00 | |||
| Support | S1 | 982.94 | -0.310 % | |
| S2 | 981.06 | -0.501 % | ||
| S3 | 978.00 | -0.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,048.00 | 6.29 % | |
| R2 | 1,042.00 | 5.68 % | ||
| R1 | 1,040.00 | 5.48 % | ||
| Current price | 986.00 | |||
| Support | S1 | 981.00 | -0.507% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
7898 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¥12.00 | 1.13% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥12.00 | 0.84% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥12.00 | 1.13% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥12.00 | 0.90% |
FAQ
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