COSMOS INITIA Co.,Ltd. Stock Forecast
COSMOS INITIA Co.,Ltd. stock price up more than 5.02% on Friday
(Updated on May 10, 2024)
The COSMOS INITIA Co.,Ltd. stock price gained 5.02% on the last trading day (Friday, 10th May 2024), rising from JP¥856.00 to JP¥899.00. During the last trading day the stock fluctuated 4.78% from a day low at JP¥878.00 to a day high of JP¥920.00. The price has been going up and down for this period, and there has been a 0.45% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 150 thousand more shares were traded than the day before. In total, 279 thousand shares were bought and sold for approximately JP¥250.91 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 17.60% during the next 3 months and, with a 90% probability hold a price between JP¥1,009.34 and JP¥1,199.60 at the end of this 3-month period.
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8844.T Signals & Forecast
The COSMOS INITIA Co.,Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥870.43 and JP¥893.97. A breakdown below any of these levels will issue sell signals. 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 Friday, March 29, 2024, and so far it has fallen -5.27%. 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).
Support, Risk & Stop-loss for COSMOS INITIA Co.,Ltd. stock
COSMOS INITIA Co.,Ltd. finds support from accumulated volume at JP¥898.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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¥42.00 between high and low, or 4.78%. For the last week, the stock has had daily average volatility of 3.05%.
Our recommended stop-loss: JP¥855.69 (-4.82%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 27 days ago.)
Trading Expectations (8844.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect COSMOS INITIA Co.,Ltd. to open at JP¥899.00, and during the day (based on 14 day Average True Range), to move between JP¥867.94 and JP¥930.06, which gives a possible trading interval of +/-JP¥31.06 (+/-3.45%) up or down from last closing price. If COSMOS INITIA Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 6.91% 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¥898.00 (0.11%) than the resistance at JP¥911.00 (1.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is COSMOS INITIA Co.,Ltd. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for COSMOS INITIA Co.,Ltd. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.377 Buy Candidate Upgraded
Predicted Opening Price for COSMOS INITIA Co.,Ltd. of Monday, May 13, 2024
Fair opening price May 13, 2024 | Current price |
---|---|
JP¥899.00 ( 0%) | JP¥899.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8844.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 941.00 | 4.67 % | |
R2 | 924.96 | 2.89 % | ||
R1 | 915.04 | 1.78 % | ||
Current price: | 899.00 | |||
Support | S1 | 882.96 | -1.78 % | |
S2 | 873.04 | -2.89 % | ||
S3 | 857.00 | -4.67 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 949.00 | 5.56 % | |
R2 | 941.00 | 4.67 % | ||
R1 | 911.00 | 1.33 % | ||
Current price | 899.00 | |||
Support | S1 | 898.00 | -0.111% | |
S2 | 890.00 | -1.00% | ||
S3 | 846.00 | -5.90% |
8844 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¥5.00 | 0.693% |
3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥14.00 | 2.90% |
4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥7.00 | 1.64% |
5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥7.00 | 1.55% |
FAQ
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