Laox CO.,LTD. Stock Forecast
Green day on Thursday for Laox CO.,LTD.
(Updated on May 02, 2024)
The Laox CO.,LTD. stock price gained 0.431% on the last trading day (Thursday, 2nd May 2024), rising from JP¥232.00 to JP¥233.00. It has now gained 4 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 2.16% from a day low at JP¥231.00 to a day high of JP¥236.00. The price has risen in 7 of the last 10 days and is up by 4.95% 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, 96 thousand more shares were traded than the day before. In total, 242 thousand shares were bought and sold for approximately JP¥56.29 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 -3.89% during the next 3 months and, with a 90% probability hold a price between JP¥203.61 and JP¥240.05 at the end of this 3-month period.
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8202.T Signals & Forecast
The Laox 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¥229.71 and JP¥228.17. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 11, 2024, and so far it has risen 6.88%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Wednesday, April 24, 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 Wednesday, April 24, 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.
Support, Risk & Stop-loss for Laox CO.,LTD. stock
Laox CO.,LTD. finds support from accumulated volume at JP¥232.00 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¥5.00 between high and low, or 2.16%. For the last week the stock has had daily average volatility of 1.66%.
Our recommended stop-loss: JP¥223.68 (-4.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (8202.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Laox CO.,LTD. to open at JP¥233.33, and during the day (based on 14 day Average True Range), to move between JP¥228.10 and JP¥237.90, which gives a possible trading interval of +/-JP¥4.90 (+/-2.10%) up or down from last closing price. If Laox CO.,LTD. takes out the full calculated possible swing range there will be an estimated 4.20% 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¥232.00 (0.43%) than the resistance at JP¥237.00 (1.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Laox CO.,LTD. will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for Laox CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.64% in the first trading day after earnings release.
Is Laox CO.,LTD. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 2.784 Buy Candidate Unchanged
Predicted Opening Price for Laox CO.,LTD. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥233.33 ( 0.143%) | JP¥233.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8202.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 238.33 | 2.29 % | |
| R2 | 236.42 | 1.47 % | ||
| R1 | 235.24 | 0.96 % | ||
| Current price: | 233.00 | |||
| Support | S1 | 231.42 | -0.677 % | |
| S2 | 230.24 | -1.18 % | ||
| S3 | 228.33 | -2.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 259.00 | 11.16 % | |
| R2 | 250.00 | 7.30 % | ||
| R1 | 237.00 | 1.72 % | ||
| Current price | 233.00 | |||
| Support | S1 | 232.00 | -0.429% | |
| S2 | 227.00 | -2.58% | ||
| S3 | 226.00 | -3.00% |
8202 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2005 | Mar 28, 2005 | Mar 28, 2005 | JP¥50.00 | 1.39% |
| 2 | Mar 26, 2004 | Mar 26, 2004 | Mar 26, 2004 | JP¥50.00 | 1.56% |
FAQ
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