Japan Real Estate Investment Corporation Stock Forecast
Red day on Tuesday for Japan Real Estate Investment Corporation stock after losing 0.186%
(Updated on Apr 30, 2024)
The Japan Real Estate Investment Corporation stock price fell by -0.186% on the last day (Tuesday, 30th Apr 2024) from JP¥537,000.00 to JP¥536,000.00. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.12% from a day low at JP¥536,000.00 to a day high of JP¥542,000.00. The price has been going up and down for this period, and there has been a 2.29% gain for the last 2 weeks. Volume has increased on the last day by 725 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, 5 thousand shares were bought and sold for approximately JP¥2.79 billion.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.30% during the next 3 months and, with a 90% probability hold a price between JP¥498,071.64 and JP¥529,855.58 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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8952.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 2.29%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Japan Real Estate Investment Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥537,857.14 and JP¥537,228.57. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
A buy signal from a double bottom formation was found on Monday, April 15, 2024 and based on theory for this formation the price should go up by 4.46% to JP¥559,909.09 within 22 trading days since signal was issued (Wednesday, May 01, 2024).
Support, Risk & Stop-loss for Japan Real Estate Investment Corporation stock
Japan Real Estate Investment Corporation finds support from accumulated volume at JP¥534,000.00 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¥6,000.00 between high and low, or 1.12%. For the last week the stock has had daily average volatility of 1.30%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8952.T) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Japan Real Estate Investment Corporation to open at JP¥538,000.00, and during the day (based on 14 day Average True Range), to move between JP¥527,410.33 and JP¥544,589.67, which gives a possible trading interval of +/-JP¥8,589.67 (+/-1.60%) up or down from last closing price. If Japan Real Estate Investment Corporation takes out the full calculated possible swing range there will be an estimated 3.21% 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¥534,000.00 (0.37%) than the resistance at JP¥539,000.00 (0.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Japan Real Estate Investment Corporation stock A Buy?
Japan Real Estate Investment Corporation holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.557 Sell Candidate Unchanged
Predicted Opening Price for Japan Real Estate Investment Corporation of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| JP¥538,000.00 ( 0.373%) | JP¥536,000.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8952.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 544,000.00 | 1.49 % | |
| R2 | 541,708.00 | 1.06 % | ||
| R1 | 540,292.00 | 0.80 % | ||
| Current price: | 536,000.00 | |||
| Support | S1 | 535,708.00 | -0.0545 % | |
| S2 | 534,292.00 | -0.319 % | ||
| S3 | 532,000.00 | -0.746 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 552,000.00 | 2.99 % | |
| R2 | 540,000.00 | 0.746 % | ||
| R1 | 539,000.00 | 0.560 % | ||
| Current price | 536,000.00 | |||
| Support | S1 | 534,000.00 | -0.373% | |
| S2 | 532,000.00 | -0.746% | ||
| S3 | 527,000.00 | -1.68% |
8952 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¥11,500.00 | 2.00% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥11,667.00 | 2.21% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥11,500.00 | 1.94% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥11,400.00 | 1.80% |
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