Japan Corporate Housing Service Inc. Stock Forecast
Japan Corporate Housing Service Inc. stock upgraded from Buy Candidate to Strong Buy Candidate after Wednesday trading session.
(Updated on Apr 24, 2024)
The Japan Corporate Housing Service Inc. stock price gained 1.46% on the last trading day (Wednesday, 24th Apr 2024), rising from JP¥1,025.00 to JP¥1,040.00. During the last trading day the stock fluctuated 1.07% from a day low at JP¥1,029.00 to a day high of JP¥1,040.00. The price has risen in 5 of the last 10 days and is up by 2.67% 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, 7 thousand more shares were traded than the day before. In total, 11 thousand shares were bought and sold for approximately JP¥11.44 million.
The stock lies in the middle of a weak 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 9.20% during the next 3 months and, with a 90% probability hold a price between JP¥1,095.97 and JP¥1,159.03 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.
8945.T Signals & Forecast
The Japan Corporate Housing Service 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¥1,023.71 and JP¥1,008.80. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 08, 2024, and so far it has risen 3.48%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Wednesday, March 06, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, January 16, 2024.
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, March 06, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, January 16, 2024.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 12 Months
The stock had a Golden Star Signal on Wednesday, March 06, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, January 16, 2024.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.
A buy signal from a double bottom formation was found on Thursday, February 15, 2024 with a target of JP¥970.36. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Japan Corporate Housing Service Inc. stock
Japan Corporate Housing Service Inc. finds support from accumulated volume at JP¥1,016.00 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¥11.00 between high and low, or 1.07%. For the last week the stock has had daily average volatility of 1.02%.
Our recommended stop-loss: JP¥987.14 (-5.08%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (8945.T) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Japan Corporate Housing Service Inc. to open at JP¥1,036.33, and during the day (based on 14 day Average True Range), to move between JP¥1,026.10 and JP¥1,053.90, which gives a possible trading interval of +/-JP¥13.90 (+/-1.34%) up or down from last closing price. If Japan Corporate Housing Service Inc. takes out the full calculated possible swing range there will be an estimated 2.67% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥1,016.00, some JP¥24.00 (2.31%) from the current price of JP¥1,040.00, our system finds the risk reward attractive.
Is Japan Corporate Housing Service Inc. stock A Buy?
Japan Corporate Housing Service Inc. holds several positive signals and is within a weak 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: 7.689 Strong Buy Candidate Upgraded
Predicted Opening Price for Japan Corporate Housing Service Inc. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| JP¥1,036.33 ( 0.353%) | JP¥1,040.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8945.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,047.33 | 0.705 % | |
| R2 | 1,043.13 | 0.301 % | ||
| R1 | 1,040.54 | 0.0515 % | ||
| Current price: | 1,040.00 | |||
| Support | S1 | 1,032.13 | -0.757 % | |
| S2 | 1,029.54 | -1.01 % | ||
| S3 | 1,025.33 | -1.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 1,040.00 | |||
| Support | S1 | 1,016.00 | -2.31% | |
| S2 | 1,015.00 | -2.40% | ||
| S3 | 956.00 | -8.08% |
8945 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jun 27, 2024 | JP¥0 | 0% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | JP¥0 | 0% |
| 3 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥18.00 | 1.82% |
| 4 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥18.00 | 1.87% |
| 5 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥18.00 | 1.62% |
FAQ
Click here for our free guide on how to buy Japan Corporate Housing Service Inc. Stock.
