Maxvalu Tokai Co.,Ltd. Stock Forecast
Green day on Tuesday for Maxvalu Tokai Co.,Ltd. stock after gaining 0.479%
(Updated on Jul 02, 2024)
The Maxvalu Tokai Co.,Ltd. stock price gained 0.479% on the last trading day (Tuesday, 2nd Jul 2024), rising from JP¥3,130.00 to JP¥3,145.00. During the last trading day the stock fluctuated 0.639% from a day low at JP¥3,130.00 to a day high of JP¥3,150.00. The price has risen in 7 of the last 10 days and is up by 1.62% 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, 900 more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately JP¥9.75 million.
The stockis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at JP¥3,167.55 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Maxvalu Tokai Co.,Ltd. stock with a 90% probability to be traded between JP¥3,077.38 and JP¥3,222.15 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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8198.T Signals & Forecast
The Maxvalu Tokai Co.,Ltd. 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¥3,130.71 and JP¥3,100.71. A breakdown below any of these levels will issue sell signals. 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. 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 Thursday, June 27, 2024, and so far it has fallen -0.159%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Friday, April 05, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, April 05, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A sell signal from a double top formation was found on Thursday, June 27, 2024 and based on theory for this formation the price should fall by -7.91% to JP¥2,896.18 within 34 trading days since signal was issued (Friday, August 16, 2024).
Support, Risk & Stop-loss for Maxvalu Tokai Co.,Ltd. stock
Maxvalu Tokai Co.,Ltd. finds support from accumulated volume at JP¥3,120.00 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¥20.00 between high and low, or 0.639%. For the last week the stock has had daily average volatility of 0.80%.
Our recommended stop-loss: JP¥3,026.45 (-3.77%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (8198.T) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Maxvalu Tokai Co.,Ltd. to open at JP¥3,141.67, and during the day (based on 14 day Average True Range), to move between JP¥3,116.02 and JP¥3,173.98, which gives a possible trading interval of +/-JP¥28.98 (+/-0.92%) up or down from last closing price. If Maxvalu Tokai Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 1.84% 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¥3,150.00 (0.16%) than the support at JP¥3,120.00 (0.79%), 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 Maxvalu Tokai Co.,Ltd. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Maxvalu Tokai Co.,Ltd. stock to perform well in the short-term period.
Current score: 2.139 Buy Candidate Unchanged
Predicted Opening Price for Maxvalu Tokai Co.,Ltd. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| JP¥3,141.67 ( 0.106%) | JP¥3,145.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8198.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,161.67 | 0.530% |
| R2 | 3,154.03 | 0.287% |
| R1 | 3,149.31 | 0.137% |
| Price | 3,145.00 | |
| S1 | 3,134.03 | -0.349% |
| S2 | 3,129.31 | -0.499% |
| S3 | 3,121.67 | -0.742% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 3,150.00 | 0.159% |
| Price | 3,145.00 | |
| S1 | 3,120.00 | -0.795% |
| S2 | 3,095.00 | -1.59% |
| S3 | 3,055.00 | -2.86% |
8198 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 27, 2025 | Feb 27, 2025 | Feb 27, 2025 | JP¥0 | 0% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | JP¥60.00 | 2.01% |
| 3 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | JP¥57.00 | 2.09% |
| 4 | Feb 25, 2022 | Feb 25, 2022 | Feb 25, 2022 | JP¥57.00 | 2.23% |
| 5 | Feb 25, 2021 | Feb 25, 2021 | Feb 25, 2021 | JP¥48.00 | 1.84% |
FAQ
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