Japan Logistics Fund,Inc. Stock Forecast
Red day on Friday for Japan Logistics Fund,Inc.
(Updated on May 10, 2024)
The Japan Logistics Fund,Inc. stock price fell by -2.05% on the last day (Friday, 10th May 2024) from JP¥283,000.00 to JP¥277,200.00. During the last trading day the stock fluctuated 3.24% from a day low at JP¥275,000.00 to a day high of JP¥283,900.00. The price has fallen in 5 of the last 10 days but is still up by 0.58% over the past 2 weeks. Volume has increased on the last day by 1 thousand 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, 3 thousand shares were bought and sold for approximately JP¥813.58 million.
The stock lies in the middle of a narrow and 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 8.55% during the next 3 months and, with a 90% probability hold a price between JP¥298,041.25 and JP¥308,354.16 at the end of this 3-month period.
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8967.T Signals & Forecast
The Japan Logistics Fund,Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥281,257.14. On a fall, the stock will find some support from the long-term average at approximately JP¥275,562.86. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -2.15%. Further fall is indicated until a new bottom pivot has been found. 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 Japan Logistics Fund,Inc. stock
Japan Logistics Fund,Inc. finds support from accumulated volume at JP¥275,600.00 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¥8,900.00 (3.24%) between high and low. For the last week, the stock has had daily average volatility of 1.37%.
Our recommended stop-loss: JP¥267,345.12 (-3.56%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (8967.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Japan Logistics Fund,Inc. to open at JP¥278,700.00, and during the day (based on 14 day Average True Range), to move between JP¥272,836.32 and JP¥281,563.68, which gives a possible trading interval of +/-JP¥4,363.68 (+/-1.57%) up or down from last closing price. If Japan Logistics Fund,Inc. takes out the full calculated possible swing range there will be an estimated 3.15% 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¥275,600.00 (0.58%) than the resistance at JP¥279,600.00 (0.87%), 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 Logistics Fund,Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Japan Logistics Fund,Inc. stock to perform well in the short-term.
Current score: 1.149 Buy Candidate Unchanged
Predicted Opening Price for Japan Logistics Fund,Inc. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥278,700.00 ( 0.541%) | JP¥277,200.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8967.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 287,600.00 | 3.75 % | |
| R2 | 284,200.20 | 2.53 % | ||
| R1 | 282,099.80 | 1.77 % | ||
| Current price: | 277,200.00 | |||
| Support | S1 | 275,300.20 | -0.685 % | |
| S2 | 273,199.80 | -1.44 % | ||
| S3 | 269,800.00 | -2.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 282,000.00 | 1.73 % | |
| R2 | 281,300.00 | 1.48 % | ||
| R1 | 279,600.00 | 0.87 % | ||
| Current price | 277,200.00 | |||
| Support | S1 | 275,600.00 | -0.577% | |
| S2 | 257,800.00 | -7.00% | ||
| S3 | 257,700.00 | -7.03% |
8967 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 30, 2024 | Jul 30, 2024 | Oct 01, 2024 | JP¥5,300.00 | 1.91% |
| 2 | Jan 30, 2024 | Jan 30, 2024 | Jan 30, 2024 | JP¥0 | 0% |
| 3 | Jul 28, 2023 | Jul 28, 2023 | Jul 28, 2023 | JP¥5,130.00 | 1.70% |
| 4 | Jan 30, 2023 | Jan 30, 2023 | Jan 30, 2023 | JP¥5,235.00 | 1.73% |
| 5 | Jul 28, 2022 | Jul 28, 2022 | Jul 28, 2022 | JP¥4,955.00 | 1.58% |
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