LOOK HOLDINGS INCORPORATED Stock Forecast
Stronger technical forecast for LOOK HOLDINGS INCORPORATED stock price after Wednesday trading.
(Updated on Apr 24, 2024)
The LOOK HOLDINGS INCORPORATED stock price gained 2.62% on the last trading day (Wednesday, 24th Apr 2024), rising from JP¥2,943.00 to JP¥3,020.00. During the last trading day the stock fluctuated 3.41% from a day low at JP¥2,993.00 to a day high of JP¥3,095.00. The price has been going up and down for this period, and there has been a 4.5% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 15 thousand more shares were traded than the day before. In total, 25 thousand shares were bought and sold for approximately JP¥76.10 million.
The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at JP¥3,011.34, a level that may pose a second chance to hit a runner. According to fan-theory JP¥3,326.68 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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8029.T Signals & Forecast
Mostly positive signals in the chart today. The LOOK HOLDINGS INCORPORATED 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¥2,883.57 and JP¥2,714.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 9.10%. 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 LOOK HOLDINGS INCORPORATED stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥2,641.00 and JP¥2,559.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, LOOK HOLDINGS INCORPORATED finds support just below today's level at JP¥2,641.00. If this is broken, then the next support from accumulated volume will be at JP¥2,559.00 and JP¥2,406.00.
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¥102.00 between high and low, or 3.41%. For the last week, the stock has had daily average volatility of 2.94%.
Our recommended stop-loss: JP¥2,910.68 (-3.62%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (8029.T) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect LOOK HOLDINGS INCORPORATED to open at JP¥3,036.00, and during the day (based on 14 day Average True Range), to move between JP¥2,936.91 and JP¥3,103.09, which gives a possible trading interval of +/-JP¥83.09 (+/-2.75%) up or down from last closing price. If LOOK HOLDINGS INCORPORATED takes out the full calculated possible swing range there will be an estimated 5.50% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥2,641.00, some JP¥379.00 (12.55%) from the current price of JP¥3,020.00, our system finds the risk reward attractive.
Is LOOK HOLDINGS INCORPORATED stock A Buy?
LOOK HOLDINGS INCORPORATED holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 7.656 Strong Buy Candidate Upgraded
Predicted Opening Price for LOOK HOLDINGS INCORPORATED of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| JP¥3,036.00 ( 0.530%) | JP¥3,020.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8029.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,138.00 | 3.91 % | |
| R2 | 3,099.04 | 2.62 % | ||
| R1 | 3,074.96 | 1.82 % | ||
| Current price: | 3,020.00 | |||
| Support | S1 | 2,997.04 | -0.760 % | |
| S2 | 2,972.96 | -1.56 % | ||
| S3 | 2,934.00 | -2.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 3,020.00 | |||
| Support | S1 | 2,641.00 | -12.55% | |
| S2 | 2,559.00 | -15.26% | ||
| S3 | 2,406.00 | -20.33% |
8029 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2024 | Dec 27, 2024 | Dec 27, 2024 | JP¥0 | 0% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | JP¥0 | 0% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥60.00 | 2.56% |
| 4 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥40.00 | 3.25% |
| 5 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | JP¥30.00 | 3.13% |
FAQ
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