MONEY PARTNERS GROUP CO.,LTD. Stock Forecast
MONEY PARTNERS GROUP CO.,LTD. stock downgraded from Hold/Accumulate to Sell Candidate after Wednesday trading session.
(Updated on May 01, 2024)
The MONEY PARTNERS GROUP CO.,LTD. stock price fell by -1.43% on the last day (Wednesday, 1st May 2024) from JP¥279.00 to JP¥275.00. During the last trading day the stock fluctuated 2.18% from a day low at JP¥275.00 to a day high of JP¥281.00. The price has been going up and down for this period, and there has been a -0.72% 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 -20 thousand shares and in total, 87 thousand shares were bought and sold for approximately JP¥23.82 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.77% during the next 3 months and, with a 90% probability hold a price between JP¥246.58 and JP¥260.54 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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8732.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 0.365%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The MONEY PARTNERS GROUP CO.,LTD. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥280.14 and JP¥284.71. A break-up above any of these levels will issue buy signals. 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.
Support, Risk & Stop-loss for MONEY PARTNERS GROUP CO.,LTD. stock
MONEY PARTNERS GROUP CO.,LTD. finds support from accumulated volume at JP¥274.00 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¥6.00 between high and low, or 2.18%. For the last week the stock has had daily average volatility of 1.87%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8732.T) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect MONEY PARTNERS GROUP CO.,LTD. to open at JP¥277.00, and during the day (based on 14 day Average True Range), to move between JP¥269.94 and JP¥280.06, which gives a possible trading interval of +/-JP¥5.06 (+/-1.84%) up or down from last closing price. If MONEY PARTNERS GROUP CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.68% 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¥274.00 (0.36%) than the resistance at JP¥277.00 (0.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is MONEY PARTNERS GROUP CO.,LTD. stock A Buy?
MONEY PARTNERS 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: -2.499 Sell Candidate Downgraded
Predicted Opening Price for MONEY PARTNERS GROUP CO.,LTD. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| JP¥277.00 ( 0.727%) | JP¥275.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8732.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 283.00 | 2.91 % | |
| R2 | 280.71 | 2.08 % | ||
| R1 | 279.29 | 1.56 % | ||
| Current price: | 275.00 | |||
| Support | S1 | 274.71 | -0.106 % | |
| S2 | 273.29 | -0.621 % | ||
| S3 | 271.00 | -1.45 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 294.00 | 6.91 % | |
| R2 | 287.00 | 4.36 % | ||
| R1 | 277.00 | 0.727 % | ||
| Current price | 275.00 | |||
| Support | S1 | 274.00 | -0.364% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
8732 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Jun 01, 2024 | JP¥7.50 | 2.73% |
| 2 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥6.00 | 1.91% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥9.00 | 3.35% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥3.75 | 1.44% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥3.75 | 1.29% |
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