MARUI GROUP CO.,LTD. Stock Forecast
MARUI GROUP CO.,LTD. stock price up 1.73% on Wednesday
(Updated on Jul 03, 2024)
The MARUI GROUP CO.,LTD. stock price gained 1.73% on the last trading day (Wednesday, 3rd Jul 2024), rising from JP¥2,315.00 to JP¥2,355.00. It has now gained 5 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 1.94% from a day low at JP¥2,320.00 to a day high of JP¥2,365.00. The price has risen in 8 of the last 10 days and is up by 5.65% over the past 2 weeks. Volume fell on the last day by -188 thousand shares and in total, 916 thousand shares were bought and sold for approximately JP¥2.16 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Given the current short-term trend, the stock is expected to fall -7.84% during the next 3 months and, with a 90% probability hold a price between JP¥2,008.09 and JP¥2,170.40 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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8252.T Signals & Forecast
The MARUI GROUP CO.,LTD. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥2,290.43 and JP¥2,295.01. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 6.32%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for MARUI GROUP CO.,LTD. stock
MARUI GROUP CO.,LTD. finds support from accumulated volume at JP¥2,323.00 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¥45.00 between high and low, or 1.94%. For the last week the stock has had daily average volatility of 1.33%.
Our recommended stop-loss: JP¥2,284.35 (-3.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 45 days ago.)
Trading Expectations (8252.T) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect MARUI GROUP CO.,LTD. to open at JP¥2,346.67, and during the day (based on 14 day Average True Range), to move between JP¥2,320.59 and JP¥2,389.41, which gives a possible trading interval of +/-JP¥34.41 (+/-1.46%) 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 2.92% 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¥2,323.00 (1.36%) than the resistance at JP¥2,407.00 (2.21%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for MARUI GROUP CO.,LTD. of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| JP¥2,346.67 ( 0.354%) | JP¥2,355.00 |
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 | |
|---|---|---|
| R3 | 2,391.67 | 1.56% |
| R2 | 2,374.48 | 0.83% |
| R1 | 2,363.86 | 0.376% |
| Price | 2,355.00 | |
| S1 | 2,329.48 | -1.08% |
| S2 | 2,318.86 | -1.53% |
| S3 | 2,301.67 | -2.26% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,511.00 | 6.62% |
| R2 | 2,424.00 | 2.93% |
| R1 | 2,407.00 | 2.21% |
| Price | 2,355.00 | |
| S1 | 2,323.00 | -1.36% |
| S2 | 2,268.00 | -3.69% |
| S3 | 2,258.50 | -4.10% |
8252 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 25, 2024 | JP¥51.00 | 2.25% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥50.00 | 2.03% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥1.00 | 0.0497% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥29.00 | 1.21% |
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