DESCENTE,LTD. Stock Forecast
DESCENTE,LTD. stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on Mar 28, 2024)
The DESCENTE,LTD. stock price fell by -2.02% on the last day (Thursday, 28th Mar 2024) from JP¥3,470.00 to JP¥3,400.00. During the last trading day the stock fluctuated 2.65% from a day low at JP¥3,390.00 to a day high of JP¥3,480.00. The price has fallen in 6 of the last 10 days and is down by -1.45% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -104 thousand shares and in total, 224 thousand shares were bought and sold for approximately JP¥760.58 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.85% during the next 3 months and, with a 90% probability hold a price between JP¥2,655.76 and JP¥3,278.90 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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8114.T Signals & Forecast
The DESCENTE,LTD. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥3,478.57. On a fall, the stock will find some support from the long-term average at approximately JP¥3,366.14. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell 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, March 18, 2024, and so far it has fallen -6.59%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for DESCENTE,LTD. stock
DESCENTE,LTD. finds support from accumulated volume at JP¥3,325.00 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¥90.00 (2.65%) between high and low. For the last week, the stock has had daily average volatility of 2.34%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8114.T) For The Upcoming Trading Day Of Friday 29th
For the upcoming trading day on Friday, 29th we expect DESCENTE,LTD. to open at JP¥3,423.33, and during the day (based on 14 day Average True Range), to move between JP¥3,306.71 and JP¥3,493.29, which gives a possible trading interval of +/-JP¥93.29 (+/-2.74%) up or down from last closing price. If DESCENTE,LTD. takes out the full calculated possible swing range there will be an estimated 5.49% 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¥3,440.00 (1.18%) than the support at JP¥3,325.00 (2.21%), 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 DESCENTE,LTD. stock A Buy?
DESCENTE,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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.056 Sell Candidate Downgraded
Predicted Opening Price for DESCENTE,LTD. of Friday, March 29, 2024
Fair opening price March 29, 2024 | Current price |
---|---|
JP¥3,423.33 ( 0.686%) | JP¥3,400.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8114.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3,513.33 | 3.33 % | |
R2 | 3,478.95 | 2.32 % | ||
R1 | 3,457.71 | 1.70 % | ||
Current price: | 3,400.00 | |||
Support | S1 | 3,388.95 | -0.325 % | |
S2 | 3,367.71 | -0.95 % | ||
S3 | 3,333.33 | -1.96 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3,940.00 | 15.88 % | |
R2 | 3,485.00 | 2.50 % | ||
R1 | 3,440.00 | 1.18 % | ||
Current price | 3,400.00 | |||
Support | S1 | 3,325.00 | -2.21% | |
S2 | 3,210.00 | -5.59% | ||
S3 | 3,200.00 | -5.88% |
8114 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¥40.00 | 0.97% |
3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥25.00 | 0.781% |
4 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥3.00 | 0.228% |
5 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥26.00 | 0.92% |
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