SBI Holdings,Inc. Stock Forecast
Weaker technical forecast for SBI Holdings,Inc. as stock downgraded to Hold/Accumulate.
(Updated on Jun 25, 2024)
The SBI Holdings,Inc. stock price gained 2.97% on the last trading day (Tuesday, 25th Jun 2024), rising from JP¥3,904.00 to JP¥4,020.00. It has now gained 3 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 2.60% from a day low at JP¥3,918.00 to a day high of JP¥4,020.00. The price has risen in 6 of the last 10 days but is still down by -2.05% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 304 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately JP¥5.70 billion.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.73% during the next 3 months and, with a 90% probability hold a price between JP¥3,958.63 and JP¥4,409.95 at the end of this 3-month period.
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8473.T Signals & Forecast
The SBI Holdings,Inc. 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¥3,932.14 and JP¥3,970.11. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 4.12%. 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).
Support, Risk & Stop-loss for SBI Holdings,Inc. stock
SBI Holdings,Inc. finds support from accumulated volume at JP¥3,970.00 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¥102.00 (2.60%) between high and low. For the last week, the stock has had daily average volatility of 1.94%.
Our recommended stop-loss: JP¥3,798.76 (-5.50%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (8473.T) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect SBI Holdings,Inc. to open at JP¥3,986.00, and during the day (based on 14 day Average True Range), to move between JP¥3,932.14 and JP¥4,107.86, which gives a possible trading interval of +/-JP¥87.86 (+/-2.19%) up or down from last closing price. If SBI Holdings,Inc. takes out the full calculated possible swing range there will be an estimated 4.37% 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¥4,062.00 (1.04%) than the support at JP¥3,970.00 (1.24%), 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 SBI Holdings,Inc. stock A Buy?
SBI Holdings,Inc. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.844 Hold/Accumulate Downgraded
Predicted Opening Price for SBI Holdings,Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| JP¥3,986.00 ( 0.85%) | JP¥4,020.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8473.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,088.00 | 1.69% |
| R2 | 4,049.04 | 0.722% |
| R1 | 4,024.96 | 0.123% |
| Price | 4,020.00 | |
| S1 | 3,947.04 | -1.82% |
| S2 | 3,922.96 | -2.41% |
| S3 | 3,884.00 | -3.38% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,150.00 | 3.23% |
| R2 | 4,091.00 | 1.77% |
| R1 | 4,062.00 | 1.04% |
| Price | 4,020.00 | |
| S1 | 3,970.00 | -1.24% |
| S2 | 3,900.00 | -2.99% |
| S3 | 3,856.00 | -4.08% |
8473 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Jun 01, 2024 | JP¥130.00 | 3.20% |
| 2 | Sep 28, 2023 | Sep 28, 2023 | Dec 18, 2023 | JP¥30.00 | 0.99% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥120.00 | 4.61% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥30.00 | 1.14% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥120.00 | 3.75% |
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