IWATANI CORPORATION Stock Forecast
IWATANI CORPORATION stock price ended at JP¥8,998.00 on Wednesday, after gaining 0.761%.
(Updated on Apr 24, 2024)
The IWATANI CORPORATION stock price gained 0.761% on the last trading day (Wednesday, 24th Apr 2024), rising from JP¥8,930.00 to JP¥8,998.00. 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 1.23% from a day low at JP¥8,920.00 to a day high of JP¥9,030.00. The price has risen in 7 of the last 10 days but is still down by -1.96% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 34 thousand more shares were traded than the day before. In total, 229 thousand shares were bought and sold for approximately JP¥2.06 billion.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 39.31% during the next 3 months and, with a 90% probability hold a price between JP¥12,199.12 and JP¥13,366.05 at the end of this 3-month period.
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8088.T Signals & Forecast
The IWATANI CORPORATION 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¥8,952.14 and JP¥8,435.51. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Monday, April 15, 2024, and so far it has fallen -3.08%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for IWATANI CORPORATION stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥8,143.00 and JP¥7,220.00. 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, IWATANI CORPORATION finds support just below today's level at JP¥8,143.00. If this is broken, then the next support from accumulated volume will be at JP¥7,220.00 and JP¥6,992.00.
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¥110.00 between high and low, or 1.23%. For the last week, the stock has had daily average volatility of 2.17%.
Our recommended stop-loss: JP¥8,571.41 (-4.74%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (8088.T) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect IWATANI CORPORATION to open at JP¥8,982.67, and during the day (based on 14 day Average True Range), to move between JP¥8,757.67 and JP¥9,238.33, which gives a possible trading interval of +/-JP¥240.33 (+/-2.67%) up or down from last closing price. If IWATANI CORPORATION takes out the full calculated possible swing range there will be an estimated 5.34% 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¥9,179.00 (2.01%) than the support at JP¥8,143.00 (9.50%), 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 IWATANI CORPORATION stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for IWATANI CORPORATION stock to perform well in the short-term.
Current score: 2.013 Buy Candidate Unchanged
Predicted Opening Price for IWATANI CORPORATION of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| JP¥8,982.67 ( 0.170%) | JP¥8,998.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8088.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9,092.67 | 1.05 % | |
| R2 | 9,050.65 | 0.585 % | ||
| R1 | 9,024.69 | 0.297 % | ||
| Current price: | 8,998.00 | |||
| Support | S1 | 8,940.65 | -0.637 % | |
| S2 | 8,914.69 | -0.93 % | ||
| S3 | 8,872.67 | -1.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9,251.00 | 2.81 % | |
| R2 | 9,196.00 | 2.20 % | ||
| R1 | 9,179.00 | 2.01 % | ||
| Current price | 8,998.00 | |||
| Support | S1 | 8,143.00 | -9.50% | |
| S2 | 7,220.00 | -19.76% | ||
| S3 | 6,992.00 | -22.29% |
8088 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥95.00 | 1.64% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥85.00 | 1.62% |
| 4 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥75.00 | 1.09% |
| 5 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥20.00 | 0.552% |
FAQ
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