Mitsui Fudosan Co.,Ltd. Stock Forecast
Stronger technical forecast for Mitsui Fudosan Co.,Ltd. stock price after Friday trading.
(Updated on May 10, 2024)
The Mitsui Fudosan Co.,Ltd. stock price gained 1.94% on the last trading day (Friday, 10th May 2024), rising from JP¥1,547.50 to JP¥1,577.50. During the last trading day the stock fluctuated 2.34% from a day low at JP¥1,560.50 to a day high of JP¥1,597.00. The price has fallen in 6 of the last 10 days but is still up by 0.03% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 11 million shares were bought and sold for approximately JP¥17.30 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and 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 -55.24% during the next 3 months and, with a 90% probability hold a price between JP¥447.77 and JP¥1,351.88 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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8801.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 4.16%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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¥1,589.93 and JP¥2,153.86. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Mitsui Fudosan Co.,Ltd. stock
Mitsui Fudosan Co.,Ltd. finds support from accumulated volume at JP¥1,570.50 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¥36.50 (2.34%) between high and low. For the last week, the stock has had daily average volatility of 2.74%.
Our recommended stop-loss: JP¥1,504.59 (-4.62%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (8801.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Mitsui Fudosan Co.,Ltd. to open at JP¥1,578.33, and during the day (based on 14 day Average True Range), to move between JP¥1,483.68 and JP¥1,671.32, which gives a possible trading interval of +/-JP¥93.82 (+/-5.95%) 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 11.89% 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¥1,570.50 (0.44%) than the resistance at JP¥1,618.50 (2.60%), 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 negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: -0.547 Hold/Accumulate Upgraded
Predicted Opening Price for Mitsui Fudosan Co.,Ltd. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥1,578.33 ( 0.0528%) | JP¥1,577.50 |
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 | 1,614.83 | 2.37 % | |
| R2 | 1,600.89 | 1.48 % | ||
| R1 | 1,592.28 | 0.94 % | ||
| Current price: | 1,577.50 | |||
| Support | S1 | 1,564.39 | -0.83 % | |
| S2 | 1,555.78 | -1.38 % | ||
| S3 | 1,541.83 | -2.26 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,675.00 | 6.18 % | |
| R2 | 1,621.50 | 2.79 % | ||
| R1 | 1,618.50 | 2.60 % | ||
| Current price | 1,577.50 | |||
| Support | S1 | 1,570.50 | -0.444% | |
| S2 | 1,569.50 | -0.507% | ||
| S3 | 1,553.50 | -1.52% |
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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