Invincible Investment Corporation Stock Forecast
Invincible Investment Corporation stock price up 0.737% on Friday
(Updated on May 31, 2024)
The Invincible Investment Corporation stock price gained 0.737% on the last trading day (Friday, 31st May 2024), rising from JP¥67,800.00 to JP¥68,300.00. During the last trading day the stock fluctuated 1.33% from a day low at JP¥67,700.00 to a day high of JP¥68,600.00. The price has fallen in 5 of the last 10 days and is down by -4.61% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 29 thousand shares were bought and sold for approximately JP¥1.95 billion.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥67,411.45 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 9.35% during the next 3 months and, with a 90% probability hold a price between JP¥73,713.20 and JP¥81,139.73 at the end of this 3-month period.
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8963.T Signals & Forecast
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. The Invincible Investment Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥68,471.43 and JP¥69,900.00. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -5.53%. 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).
Support, Risk & Stop-loss for Invincible Investment Corporation stock
Invincible Investment Corporation finds support from accumulated volume at JP¥68,000.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥900.00 (1.33%) between high and low. For the last week, the stock has had daily average volatility of 2.11%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8963.T) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Invincible Investment Corporation to open at JP¥68,200.00, and during the day (based on 14 day Average True Range), to move between JP¥66,927.18 and JP¥69,672.82, which gives a possible trading interval of +/-JP¥1,372.82 (+/-2.01%) up or down from last closing price. If Invincible Investment Corporation takes out the full calculated possible swing range there will be an estimated 4.02% 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¥68,500.00 (0.29%) than the support at JP¥68,000.00 (0.44%), 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 Invincible Investment Corporation stock A Buy?
The Invincible Investment Corporation stock holds several negative signals and despite the positive trend, we believe Invincible Investment Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.604 Sell Candidate Unchanged
Predicted Opening Price for Invincible Investment Corporation of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| JP¥68,200.00 ( 0.146%) | JP¥68,300.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8963.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 69,100.00 | 1.17 % | |
| R2 | 68,756.20 | 0.668 % | ||
| R1 | 68,543.80 | 0.357 % | ||
| Current price: | 68,300.00 | |||
| Support | S1 | 67,856.20 | -0.650 % | |
| S2 | 67,643.80 | -0.96 % | ||
| S3 | 67,300.00 | -1.46 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 72,300.00 | 5.86 % | |
| R2 | 69,000.00 | 1.02 % | ||
| R1 | 68,500.00 | 0.293 % | ||
| Current price | 68,300.00 | |||
| Support | S1 | 68,000.00 | -0.439% | |
| S2 | 63,900.00 | -6.44% | ||
| S3 | 62,400.00 | -8.64% |
8963 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Sep 01, 2024 | JP¥1,767.00 | 2.59% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | JP¥0 | 0% |
| 3 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥1,444.00 | 2.55% |
| 4 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥832.00 | 1.67% |
| 5 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥166.00 | 0.418% |
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