STARTS CORPORATION INC. Stock Forecast
Weaker technical forecast for STARTS CORPORATION INC. as stock downgraded to Sell Candidate.
(Updated on May 24, 2024)
The STARTS CORPORATION INC. stock price fell by -0.595% on the last day (Friday, 24th May 2024) from JP¥3,360.00 to JP¥3,340.00. During the last trading day the stock fluctuated 1.83% from a day low at JP¥3,285.00 to a day high of JP¥3,345.00. The price has fallen in 7 of the last 10 days and is down by -6.96% for this period. Volume has increased on the last day by 45 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 90 thousand shares were bought and sold for approximately JP¥299.93 million.
Given the current short-term trend, the stock is expected to rise 22.00% during the next 3 months and, with a 90% probability hold a price between JP¥4,074.83 and JP¥4,551.76 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
8850.T Signals & Forecast
There are few to no technical positive signals at the moment. The STARTS CORPORATION INC. 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¥3,392.86 and JP¥3,438.71. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -7.99%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Wednesday, February 28, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Wednesday, February 28, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for STARTS CORPORATION INC. stock
STARTS CORPORATION INC. finds support from accumulated volume at JP¥3,245.00 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 (1.83%) between high and low. For the last week, the stock has had daily average volatility of 1.89%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8850.T) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect STARTS CORPORATION INC. to open at JP¥3,323.33, and during the day (based on 14 day Average True Range), to move between JP¥3,259.66 and JP¥3,420.34, which gives a possible trading interval of +/-JP¥80.34 (+/-2.41%) up or down from last closing price. If STARTS CORPORATION INC. takes out the full calculated possible swing range there will be an estimated 4.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at JP¥3,410.00 (2.10%) than the support at JP¥3,245.00 (2.84%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is STARTS CORPORATION INC. stock A Buy?
The STARTS CORPORATION INC. stock holds several negative signals and despite the positive trend, we believe STARTS CORPORATION INC. will perform weakly in the next couple of days or weeks. Therefore, we 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: -2.253 Sell Candidate Downgraded
Predicted Opening Price for STARTS CORPORATION INC. of Monday, May 27, 2024
Fair opening price May 27, 2024 | Current price |
---|---|
JP¥3,323.33 ( 0.499%) | JP¥3,340.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8850.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3,383.33 | 1.30 % | |
R2 | 3,360.41 | 0.611 % | ||
R1 | 3,346.25 | 0.187 % | ||
Current price: | 3,340.00 | |||
Support | S1 | 3,300.41 | -1.19 % | |
S2 | 3,286.25 | -1.61 % | ||
S3 | 3,263.33 | -2.30 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3,530.00 | 5.69 % | |
R2 | 3,420.00 | 2.40 % | ||
R1 | 3,410.00 | 2.10 % | ||
Current price | 3,340.00 | |||
Support | S1 | 3,245.00 | -2.84% | |
S2 | 3,225.00 | -3.44% | ||
S3 | 2,879.00 | -13.80% |
8850 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
2 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥50.00 | 1.71% |
4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥50.00 | 1.98% |
5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥43.00 | 1.62% |
FAQ
Click here for our free guide on how to buy STARTS CORPORATION INC. Stock.