STARTS CORPORATION INC. Stock Forecast
STARTS CORPORATION INC. stock price up 1.48% on Wednesday
(Updated on Jul 03, 2024)
The STARTS CORPORATION INC. stock price gained 1.48% on the last trading day (Wednesday, 3rd Jul 2024), rising from JP¥3,370.00 to JP¥3,420.00. During the last trading day the stock fluctuated 2.38% from a day low at JP¥3,360.00 to a day high of JP¥3,440.00. The price has been going up and down for this period, and there has been a 0.44% gain for the last 2 weeks. Volume fell on the last day by -14 thousand shares and in total, 60 thousand shares were bought and sold for approximately JP¥205.88 million. 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 is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect STARTS CORPORATION INC. stock with a 90% probability to be traded between JP¥3,118.80 and JP¥3,533.95 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.
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8850.T Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, June 10, 2024, and so far it has fallen -1.16%. 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). The STARTS CORPORATION INC. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥3,385.00 and JP¥3,365.86. A breakdown below any of these levels will issue sell signals. 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. The stock had a Golden Star Signal on Wednesday, June 26, 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, June 26, 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¥3,410.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved JP¥80.00 between high and low, or 2.38%. For the last week the stock has had daily average volatility of 2.46%.
Our recommended stop-loss: JP¥3,292.33 (-3.73%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 37 days ago.)
Trading Expectations (8850.T) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect STARTS CORPORATION INC. to open at JP¥3,406.67, and during the day (based on 14 day Average True Range), to move between JP¥3,342.35 and JP¥3,497.65, which gives a possible trading interval of +/-JP¥77.65 (+/-2.27%) up or down from last closing price. If STARTS CORPORATION INC. takes out the full calculated possible swing range there will be an estimated 4.54% 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¥3,410.00 (0.29%) than the resistance at JP¥3,440.00 (0.58%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is STARTS CORPORATION INC. stock A Buy?
STARTS CORPORATION INC. 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.
Current score: 0.926 Hold/Accumulate Unchanged
Predicted Opening Price for STARTS CORPORATION INC. of Thursday, July 4, 2024
Fair opening price July 4, 2024 | Current price |
---|---|
JP¥3,406.67 ( 0.390%) | JP¥3,420.00 |
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 | |
---|---|---|
R3 | 3,486.67 | 1.95% |
R2 | 3,456.11 | 1.06% |
R1 | 3,437.23 | 0.504% |
Price | 3,420.00 | |
S1 | 3,376.11 | -1.28% |
S2 | 3,357.23 | -1.84% |
S3 | 3,326.67 | -2.73% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 3,535.00 | 3.36% |
R2 | 3,530.00 | 3.22% |
R1 | 3,440.00 | 0.585% |
Price | 3,420.00 | |
S1 | 3,410.00 | -0.292% |
S2 | 3,370.00 | -1.46% |
S3 | 3,350.00 | -2.05% |
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 | Jun 27, 2024 | JP¥5.00 | 0.147% |
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
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