SPARX Group Co.,Ltd. Stock Forecast
SPARX Group Co.,Ltd. stock price ended at JP¥1,705.00 on Wednesday, after losing 1.79%.
(Updated on Apr 17, 2024)
The SPARX Group Co.,Ltd. stock price fell by -1.79% on the last day (Wednesday, 17th Apr 2024) from JP¥1,736.00 to JP¥1,705.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.18% from a day low at JP¥1,697.00 to a day high of JP¥1,734.00. The price has fallen in 5 of the last 10 days and is down by -3.78% for this period. 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 -43 thousand shares and in total, 38 thousand shares were bought and sold for approximately JP¥64.11 million.
Given the current horizontal trend, you can expect SPARX Group Co.,Ltd. stock with a 90% probability to be traded between JP¥1,735.28 and JP¥2,004.18 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.
8739.T Signals & Forecast
There are few to no technical positive signals at the moment. The SPARX 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¥1,764.00 and JP¥1,862.37. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -12.74%. 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 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 SPARX Group Co.,Ltd. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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¥37.00 between high and low, or 2.18%. For the last week, the stock has had daily average volatility of 1.59%.
SPARX Group Co.,Ltd. is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8739.T) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect SPARX Group Co.,Ltd. to open at JP¥1,712.00, and during the day (based on 14 day Average True Range), to move between JP¥1,664.18 and JP¥1,745.82, which gives a possible trading interval of +/-JP¥40.82 (+/-2.39%) up or down from last closing price. If SPARX Group Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 4.79% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ JP¥1,762.00, some JP¥57.00 (3.34%) from the current price of JP¥1,705.00, our system finds the risk reward not very attractive.
Is SPARX Group Co.,Ltd. stock A Buy?
SPARX Group Co.,Ltd. holds several negative signals and is within a wide and 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.
Current score: -2.455 Sell Candidate Unchanged
Predicted Opening Price for SPARX Group Co.,Ltd. of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| JP¥1,712.00 ( 0.411%) | JP¥1,705.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8739.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,749.00 | 2.58 % | |
| R2 | 1,734.87 | 1.75 % | ||
| R1 | 1,726.13 | 1.24 % | ||
| Current price: | 1,705.00 | |||
| Support | S1 | 1,697.87 | -0.418 % | |
| S2 | 1,689.13 | -0.93 % | ||
| S3 | 1,675.00 | -1.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,863.00 | 9.27 % | |
| R2 | 1,789.00 | 4.93 % | ||
| R1 | 1,762.00 | 3.34 % | ||
| Current price | 1,705.00 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
8739 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Jun 01, 2024 | JP¥66.00 | 3.87% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥60.00 | 4.16% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥60.00 | 4.46% |
| 4 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥55.00 | 3.58% |
| 5 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥45.00 | 5.26% |
FAQ
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