MARUI GROUP CO.,LTD. Stock Forecast
Evaluation of MARUI GROUP CO.,LTD. stock downgraded after the last trading session.
(Updated on Apr 15, 2024)
The MARUI GROUP CO.,LTD. stock price fell by -0.95% on the last day (Monday, 15th Apr 2024) from JP¥2,426.50 to JP¥2,403.50. During the last trading day the stock fluctuated 1.21% from a day low at JP¥2,391.00 to a day high of JP¥2,420.00. The price has been going up and down for this period, and there has been a -2.4% loss for the last 2 weeks. 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 -49 thousand shares and in total, 682 thousand shares were bought and sold for approximately JP¥1.64 billion.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect MARUI GROUP CO.,LTD. stock with a 90% probability to be traded between JP¥2,306.94 and JP¥2,471.84 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.
8252.T Signals & Forecast
There are few to no technical positive signals at the moment. The MARUI GROUP CO.,LTD. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥2,448.29 and JP¥2,434.74. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 04, 2024, and so far it has fallen -4.28%. 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.
A sell signal from a double top formation was found on Thursday, April 04, 2024 with a target of JP¥2,452.17. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for MARUI GROUP CO.,LTD. stock
MARUI GROUP CO.,LTD. finds support from accumulated volume at JP¥2,373.00 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¥29.00 between high and low, or 1.21%. For the last week the stock has had daily average volatility of 1.48%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8252.T) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect MARUI GROUP CO.,LTD. to open at JP¥2,404.83, and during the day (based on 14 day Average True Range), to move between JP¥2,362.14 and JP¥2,444.86, which gives a possible trading interval of +/-JP¥41.36 (+/-1.72%) up or down from last closing price. If MARUI GROUP CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.44% 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¥2,373.00 (1.27%) than the resistance at JP¥2,471.00 (2.81%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is MARUI GROUP CO.,LTD. stock A Buy?
MARUI GROUP CO.,LTD. holds several negative signals and is within a falling trend, so we believe 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: -1.575 Sell Candidate Downgraded
Predicted Opening Price for MARUI GROUP CO.,LTD. of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| JP¥2,404.83 ( 0.0555%) | JP¥2,403.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8252.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,433.83 | 1.26 % | |
| R2 | 2,422.76 | 0.80 % | ||
| R1 | 2,415.91 | 0.516 % | ||
| Current price: | 2,403.50 | |||
| Support | S1 | 2,393.76 | -0.405 % | |
| S2 | 2,386.91 | -0.690 % | ||
| S3 | 2,375.83 | -1.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,475.00 | 2.97 % | |
| R2 | 2,472.50 | 2.87 % | ||
| R1 | 2,471.00 | 2.81 % | ||
| Current price | 2,403.50 | |||
| Support | S1 | 2,373.00 | -1.27% | |
| S2 | 2,366.50 | -1.54% | ||
| S3 | 2,362.50 | -1.71% |
8252 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥50.00 | 2.03% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥1.00 | 0.0497% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥29.00 | 1.21% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥26.00 | 1.13% |
FAQ
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