Mitsui Fudosan Co.,Ltd. Stock Forecast
Mitsui Fudosan Co.,Ltd. stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Apr 26, 2024)
The Mitsui Fudosan Co.,Ltd. stock price gained 3.63% on the last trading day (Friday, 26th Apr 2024), rising from JP¥1,514.50 to JP¥1,569.50. During the last trading day the stock fluctuated 3.96% from a day low at JP¥1,517.00 to a day high of JP¥1,577.00. The price has fallen in 6 of the last 10 days and is down by -6.3% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 17 million shares were bought and sold for approximately JP¥26.44 billion.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥1,464.75 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -44.47% during the next 3 months and, with a 90% probability hold a price between JP¥813.41 and JP¥2,104.45 at the end of this 3-month period.
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8801.T Signals & Forecast
There are mixed signals in the stock today. The Mitsui Fudosan 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¥1,571.57 and JP¥2,687.56. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 3.63%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for Mitsui Fudosan Co.,Ltd. stock
Mitsui Fudosan Co.,Ltd. finds support from accumulated volume at JP¥1,553.50 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¥60.00 (3.96%) between high and low. For the last week, the stock has had daily average volatility of 3.51%.
Our recommended stop-loss: JP¥1,495.42 (-4.72%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (8801.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Mitsui Fudosan Co.,Ltd. to open at JP¥1,554.50, and during the day (based on 14 day Average True Range), to move between JP¥1,444.11 and JP¥1,694.89, which gives a possible trading interval of +/-JP¥125.39 (+/-7.99%) up or down from last closing price. If Mitsui Fudosan Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 15.98% 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¥1,553.50 (1.02%) than the resistance at JP¥1,590.00 (1.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Mitsui Fudosan Co.,Ltd. stock A Buy?
Mitsui Fudosan Co.,Ltd. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.164 Hold/Accumulate Upgraded
Predicted Opening Price for Mitsui Fudosan Co.,Ltd. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥1,554.50 ( 0.96%) | JP¥1,569.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8801.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,614.50 | 2.87 % | |
| R2 | 1,591.58 | 1.41 % | ||
| R1 | 1,577.42 | 0.505 % | ||
| Current price: | 1,569.50 | |||
| Support | S1 | 1,531.58 | -2.42 % | |
| S2 | 1,517.42 | -3.32 % | ||
| S3 | 1,494.50 | -4.78 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,675.00 | 6.72 % | |
| R2 | 1,621.50 | 3.31 % | ||
| R1 | 1,590.00 | 1.31 % | ||
| Current price | 1,569.50 | |||
| Support | S1 | 1,553.50 | -1.02% | |
| S2 | 1,514.50 | -3.50% | ||
| S3 | 0 | . |
8801 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¥34.00 | 3.07% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥32.00 | 3.92% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥30.00 | 3.28% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥33.00 | 3.77% |
FAQ
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