ORIX JREIT Inc. Stock Forecast
ORIX JREIT Inc. stock price ended at JP¥164,900.00 on Wednesday, after losing 0.722%.
(Updated on May 22, 2024)
The ORIX JREIT Inc. stock price fell by -0.722% on the last day (Wednesday, 22nd May 2024) from JP¥166,100.00 to JP¥164,900.00. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 0.791% from a day low at JP¥164,300.00 to a day high of JP¥165,600.00. The price has fallen in 7 of the last 10 days and is down by -1.49% for this period. Volume has increased on the last day by 354 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, 7 thousand shares were bought and sold for approximately JP¥1.17 billion.
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 8.57% during the next 3 months and, with a 90% probability hold a price between JP¥176,705.91 and JP¥186,740.55 at the end of this 3-month period.
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8954.T Signals & Forecast
There are few to no technical positive signals at the moment. The ORIX JREIT Inc. 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¥167,285.71 and JP¥166,142.86. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -2.54%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for ORIX JREIT Inc. stock
ORIX JREIT Inc. finds support from accumulated volume at JP¥160,900.00 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¥1,300.00 between high and low, or 0.791%. For the last week the stock has had daily average volatility of 1.18%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8954.T) For The Upcoming Trading Day Of Thursday 23rd
For the upcoming trading day on Thursday, 23rd we expect ORIX JREIT Inc. to open at JP¥164,933.33, and during the day (based on 14 day Average True Range), to move between JP¥162,470.59 and JP¥167,329.41, which gives a possible trading interval of +/-JP¥2,429.41 (+/-1.47%) up or down from last closing price. If ORIX JREIT Inc. takes out the full calculated possible swing range there will be an estimated 2.95% 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¥165,300.00 (0.24%) than the support at JP¥160,900.00 (2.43%), 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 ORIX JREIT Inc. stock A Buy?
The ORIX JREIT Inc. stock holds several negative signals and despite the positive trend, we believe ORIX JREIT Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.812 Sell Candidate Unchanged
Predicted Opening Price for ORIX JREIT Inc. of Thursday, May 23, 2024
| Fair opening price May 23, 2024 | Current price |
|---|---|
| JP¥164,933.33 ( 0.0202%) | JP¥164,900.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8954.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 166,233.33 | 0.81 % | |
| R2 | 165,736.73 | 0.507 % | ||
| R1 | 165,429.93 | 0.321 % | ||
| Current price: | 164,900.00 | |||
| Support | S1 | 164,436.73 | -0.281 % | |
| S2 | 164,129.93 | -0.467 % | ||
| S3 | 163,633.33 | -0.768 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 169,200.00 | 2.61 % | |
| R2 | 168,100.00 | 1.94 % | ||
| R1 | 165,300.00 | 0.243 % | ||
| Current price | 164,900.00 | |||
| Support | S1 | 160,900.00 | -2.43% | |
| S2 | 158,100.00 | -4.12% | ||
| S3 | 154,000.00 | -6.61% |
8954 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2024 | Aug 29, 2024 | Nov 01, 2024 | JP¥3,720.00 | 2.26% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | JP¥0 | 0% |
| 3 | Aug 30, 2023 | Aug 30, 2023 | Aug 30, 2023 | JP¥3,740.00 | 2.07% |
| 4 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | JP¥4,068.00 | 2.22% |
| 5 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | JP¥3,852.00 | 2.02% |
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