Japan Exchange Group,Inc. Stock Forecast
Green day on Wednesday for Japan Exchange Group,Inc.
(Updated on Apr 24, 2024)
The Japan Exchange Group,Inc. stock price gained 1.06% on the last trading day (Wednesday, 24th Apr 2024), rising from JP¥3,880.00 to JP¥3,921.00. 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 3.71% from a day low at JP¥3,803.00 to a day high of JP¥3,944.00. The price has risen in 6 of the last 10 days but is still down by -4.88% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 538 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately JP¥8.53 billion.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥3,790.52 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 20.48% during the next 3 months and, with a 90% probability hold a price between JP¥4,566.79 and JP¥5,406.64 at the end of this 3-month period.
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8697.T Signals & Forecast
There are mixed signals in the stock today. The Japan Exchange Group,Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥4,041.26. On a fall, the stock will find some support from the short-term average at JP¥3,863.00. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -7.20%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Japan Exchange Group,Inc. stock
Japan Exchange Group,Inc. finds support from accumulated volume at JP¥3,896.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved JP¥141.00 between high and low, or 3.71%. For the last week, the stock has had daily average volatility of 2.98%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8697.T) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Japan Exchange Group,Inc. to open at JP¥3,889.33, and during the day (based on 14 day Average True Range), to move between JP¥3,798.03 and JP¥4,043.97, which gives a possible trading interval of +/-JP¥122.97 (+/-3.14%) up or down from last closing price. If Japan Exchange Group,Inc. takes out the full calculated possible swing range there will be an estimated 6.27% 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¥3,896.00 (0.64%) than the resistance at JP¥3,999.00 (1.99%), 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
Japan Exchange Group,Inc. will release earnings BMO on Tuesday, April 30, 2024.The consensus among the analysts for the expected earnings (EPS) is $29.85. We will update the financials statements for Japan Exchange Group,Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.85% in the first trading day after earnings release.
Is Japan Exchange Group,Inc. stock A Buy?
Japan Exchange Group,Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -4.000 Sell Candidate Unchanged
Predicted Opening Price for Japan Exchange Group,Inc. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| JP¥3,889.33 ( 0.81%) | JP¥3,921.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8697.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,030.33 | 2.79 % | |
| R2 | 3,976.47 | 1.41 % | ||
| R1 | 3,943.20 | 0.566 % | ||
| Current price: | 3,921.00 | |||
| Support | S1 | 3,835.47 | -2.18 % | |
| S2 | 3,802.20 | -3.03 % | ||
| S3 | 3,748.33 | -4.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,224.00 | 7.73 % | |
| R2 | 4,064.00 | 3.65 % | ||
| R1 | 3,999.00 | 1.99 % | ||
| Current price | 3,921.00 | |||
| Support | S1 | 3,896.00 | -0.638% | |
| S2 | 3,562.00 | -9.16% | ||
| S3 | 3,184.00 | -18.80% |
8697 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¥31.00 | 1.11% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥10.00 | 0.494% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥26.00 | 1.33% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥15.00 | 0.643% |
FAQ
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