Relo Group,Inc. Stock Forecast
Relo Group,Inc. stock upgraded from Buy Candidate to Strong Buy Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The Relo Group,Inc. stock price gained 0.463% on the last trading day (Tuesday, 2nd Jul 2024), rising from JP¥1,727.00 to JP¥1,735.00. During the last trading day the stock fluctuated 2.16% from a day low at JP¥1,712.00 to a day high of JP¥1,749.00. The price has risen in 7 of the last 10 days and is up by 2.78% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 125 thousand more shares were traded than the day before. In total, 600 thousand shares were bought and sold for approximately JP¥1.04 billion.
The stock has broken the wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at JP¥1,735.99. A reaction back to this level may hold a second chance to get out before further falls.
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8876.T Signals & Forecast
Mostly positive signals in the chart today. The Relo Group,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¥1,724.64 and JP¥1,647.03. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 12.77%. 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 Relo Group,Inc. stock
Relo Group,Inc. finds support from accumulated volume at JP¥1,684.00 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¥37.00 between high and low, or 2.16%. For the last week, the stock has had daily average volatility of 2.31%.
Our recommended stop-loss: JP¥1,673.58 (-3.54%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 37 days ago.)
Trading Expectations (8876.T) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Relo Group,Inc. to open at JP¥1,732.00, and during the day (based on 14 day Average True Range), to move between JP¥1,695.10 and JP¥1,774.90, which gives a possible trading interval of +/-JP¥39.90 (+/-2.30%) up or down from last closing price. If Relo Group,Inc. takes out the full calculated possible swing range there will be an estimated 4.60% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥1,684.00, some JP¥51.00 (2.94%) from the current price of JP¥1,735.00, our system finds the risk reward attractive.
Is Relo Group,Inc. stock A Buy?
Relo Group,Inc. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.369 Strong Buy Candidate Upgraded
Predicted Opening Price for Relo Group,Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| JP¥1,732.00 ( 0.173%) | JP¥1,735.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8876.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,769.00 | 1.96% |
| R2 | 1,754.87 | 1.15% |
| R1 | 1,746.13 | 0.642% |
| Price | 1,735.00 | |
| S1 | 1,717.87 | -0.99% |
| S2 | 1,709.13 | -1.49% |
| S3 | 1,695.00 | -2.31% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 1,735.00 | |
| S1 | 1,684.00 | -2.94% |
| S2 | 1,665.00 | -4.03% |
| S3 | 1,637.00 | -5.65% |
8876 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2025 | Mar 28, 2025 | Mar 28, 2025 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 27, 2024 | JP¥37.00 | 2.14% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥33.00 | 1.57% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥29.00 | 1.58% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥19.00 | 0.80% |
FAQ
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