Fukuoka REIT Corporation Stock Forecast
Fukuoka REIT Corporation stock upgraded to Hold/Accumulate.
(Updated on May 31, 2024)
The Fukuoka REIT Corporation stock price gained 1.70% on the last trading day (Friday, 31st May 2024), rising from JP¥158,800.00 to JP¥161,500.00. During the last trading day the stock fluctuated 1.32% from a day low at JP¥159,400.00 to a day high of JP¥161,500.00. The price has fallen in 7 of the last 10 days and is down by -3.35% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 4 thousand shares were bought and sold for approximately JP¥709.95 million.
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 -3.71% during the next 3 months and, with a 90% probability hold a price between JP¥152,806.90 and JP¥164,821.37 at the end of this 3-month period.
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8968.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 1.70%. Further rise is indicated until a new top pivot has been found. 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 Fukuoka REIT 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¥161,542.86 and JP¥166,982.86. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Fukuoka REIT Corporation stock
Fukuoka REIT Corporation finds support from accumulated volume at JP¥160,000.00 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¥2,100.00 (1.32%) between high and low. For the last week, the stock has had daily average volatility of 1.09%.
Our recommended stop-loss: JP¥152,546.64 (-5.54%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 44 days ago.)
Trading Expectations (8968.T) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Fukuoka REIT Corporation to open at JP¥160,800.00, and during the day (based on 14 day Average True Range), to move between JP¥159,461.74 and JP¥163,538.26, which gives a possible trading interval of +/-JP¥2,038.26 (+/-1.26%) up or down from last closing price. If Fukuoka REIT Corporation takes out the full calculated possible swing range there will be an estimated 2.52% 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¥160,000.00 (0.93%) than the resistance at JP¥166,200.00 (2.91%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Fukuoka REIT Corporation stock A Buy?
Fukuoka REIT Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: 0.255 Hold/Accumulate Upgraded
Predicted Opening Price for Fukuoka REIT Corporation of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| JP¥160,800.00 ( 0.433%) | JP¥161,500.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8968.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 162,900.00 | 0.87 % | |
| R2 | 162,097.80 | 0.370 % | ||
| R1 | 161,602.20 | 0.0633 % | ||
| Current price: | 161,500.00 | |||
| Support | S1 | 159,997.80 | -0.93 % | |
| S2 | 159,502.20 | -1.24 % | ||
| S3 | 158,700.00 | -1.73 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 167,600.00 | 3.78 % | |
| R2 | 166,500.00 | 3.10 % | ||
| R1 | 166,200.00 | 2.91 % | ||
| Current price | 161,500.00 | |||
| Support | S1 | 160,000.00 | -0.93% | |
| S2 | 158,800.00 | -1.67% | ||
| S3 | 0 | . |
8968 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2024 | Aug 29, 2024 | Nov 01, 2024 | JP¥3,600.00 | 2.23% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | JP¥0 | 0% |
| 3 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | JP¥3,580.00 | 2.15% |
| 4 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | JP¥3,523.00 | 2.07% |
| 5 | Feb 25, 2022 | Feb 25, 2022 | Feb 25, 2022 | JP¥3,536.00 | 2.29% |
FAQ
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