IwaiCosmo Holdings,Inc. Stock Forecast
Green day on Friday for IwaiCosmo Holdings,Inc.
(Updated on Jun 28, 2024)
The IwaiCosmo Holdings,Inc. stock price gained 0.0443% on the last trading day (Friday, 28th Jun 2024), rising from JP¥2,259.00 to JP¥2,260.00. During the last trading day the stock fluctuated 1.02% from a day low at JP¥2,248.00 to a day high of JP¥2,271.00. The price has risen in 6 of the last 10 days and is up by 3.01% 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, 11 thousand more shares were traded than the day before. In total, 61 thousand shares were bought and sold for approximately JP¥137.41 million.
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 IwaiCosmo Holdings,Inc. stock with a 90% probability to be traded between JP¥2,184.72 and JP¥2,399.79 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.
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8707.T Signals & Forecast
The IwaiCosmo Holdings,Inc. 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¥2,248.00 and JP¥2,244.69. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, June 26, 2024, and so far it has fallen -0.747%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Friday, June 21, 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 Friday, June 21, 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 IwaiCosmo Holdings,Inc. stock
IwaiCosmo Holdings,Inc. finds support from accumulated volume at JP¥2,235.00 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¥23.00 between high and low, or 1.02%. For the last week the stock has had daily average volatility of 1.50%.
Our recommended stop-loss: JP¥2,164.32 (-4.23%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (8707.T) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect IwaiCosmo Holdings,Inc. to open at JP¥2,259.67, and during the day (based on 14 day Average True Range), to move between JP¥2,222.05 and JP¥2,297.95, which gives a possible trading interval of +/-JP¥37.95 (+/-1.68%) up or down from last closing price. If IwaiCosmo Holdings,Inc. takes out the full calculated possible swing range there will be an estimated 3.36% 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¥2,266.00 (0.27%) than the support at JP¥2,235.00 (1.11%), 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 IwaiCosmo Holdings,Inc. stock A Buy?
IwaiCosmo 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.
Current score: 0.134 Hold/Accumulate Unchanged
Predicted Opening Price for IwaiCosmo Holdings,Inc. of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
JP¥2,259.67 ( 0.0147%) | JP¥2,260.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8707.T
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 2,282.67 | 1.00% |
R2 | 2,273.88 | 0.614% |
R1 | 2,268.45 | 0.374% |
Price | 2,260.00 | |
S1 | 2,250.88 | -0.404% |
S2 | 2,245.45 | -0.644% |
S3 | 2,236.67 | -1.03% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 2,325.00 | 2.88% |
R2 | 2,277.00 | 0.752% |
R1 | 2,266.00 | 0.265% |
Price | 2,260.00 | |
S1 | 2,235.00 | -1.11% |
S2 | 2,212.00 | -2.12% |
S3 | 2,180.00 | -3.54% |
8707 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 28, 2024 | Mar 28, 2024 | Jun 01, 2024 | JP¥60.00 | 2.69% |
2 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥20.00 | 1.10% |
3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥60.00 | 4.49% |
4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥20.00 | 1.64% |
5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥60.00 | 4.45% |
FAQ
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