Japan Retail Fund Investment Corporation Stock Forecast
Stronger technical forecast for Japan Retail Fund Investment Corporation stock price after Wednesday trading.
(Updated on Jun 26, 2024)
The Japan Retail Fund Investment Corporation stock price gained 0.327% on the last trading day (Wednesday, 26th Jun 2024), rising from JP¥91,800.00 to JP¥92,100.00. During the last trading day the stock fluctuated 0.87% from a day low at JP¥91,500.00 to a day high of JP¥92,300.00. The price has risen in 6 of the last 10 days and is up by 2.45% 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, 892 more shares were traded than the day before. In total, 11 thousand shares were bought and sold for approximately JP¥1.04 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 -4.04% during the next 3 months and, with a 90% probability hold a price between JP¥83,949.01 and JP¥90,427.71 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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8953.T Signals & Forecast
The Japan Retail Fund Investment Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥91,057.14 and JP¥92,031.43. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 07, 2024, and so far it has risen 2.91%. 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 Japan Retail Fund Investment Corporation stock
Japan Retail Fund Investment Corporation finds support from accumulated volume at JP¥91,700.00 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¥800.00 between high and low, or 0.87%. For the last week the stock has had daily average volatility of 1.10%.
Our recommended stop-loss: JP¥87,631.04 (-4.85%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 37 days ago.)
Trading Expectations (8953.T) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Japan Retail Fund Investment Corporation to open at JP¥91,966.67, and during the day (based on 14 day Average True Range), to move between JP¥90,674.59 and JP¥93,525.41, which gives a possible trading interval of +/-JP¥1,425.41 (+/-1.55%) up or down from last closing price. If Japan Retail Fund Investment Corporation takes out the full calculated possible swing range there will be an estimated 3.10% 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¥92,200.00 (0.11%) than the support at JP¥91,700.00 (0.43%), 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 Japan Retail Fund Investment Corporation stock A Buy?
Japan Retail Fund Investment Corporation 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.033 Hold/Accumulate Upgraded
Predicted Opening Price for Japan Retail Fund Investment Corporation of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| JP¥91,966.67 ( 0.145%) | JP¥92,100.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8953.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 92,766.67 | 0.724% |
| R2 | 92,461.07 | 0.392% |
| R1 | 92,272.27 | 0.187% |
| Price | 92,100.00 | |
| S1 | 91,661.07 | -0.477% |
| S2 | 91,472.27 | -0.682% |
| S3 | 91,166.67 | -1.01% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 93,900.00 | 1.95% |
| R2 | 92,500.00 | 0.434% |
| R1 | 92,200.00 | 0.109% |
| Price | 92,100.00 | |
| S1 | 91,700.00 | -0.434% |
| S2 | 91,100.00 | -1.09% |
| S3 | 90,600.00 | -1.63% |
8953 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2024 | Aug 29, 2024 | Nov 01, 2024 | JP¥2,250.00 | 2.44% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | May 23, 2024 | JP¥2,270.00 | 2.44% |
| 3 | Aug 30, 2023 | Aug 30, 2023 | Aug 30, 2023 | JP¥2,250.00 | 2.30% |
| 4 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | JP¥2,313.00 | 2.27% |
| 5 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | JP¥2,263.00 | 2.07% |
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