Daiwa Office Investment Corporation Stock Forecast
Red day on Tuesday for Daiwa Office Investment Corporation stock after losing 0.322%
(Updated on Jun 18, 2024)
The Daiwa Office Investment Corporation stock price fell by -0.322% on the last day (Tuesday, 18th Jun 2024) from JP¥279,600.00 to JP¥278,700.00. During the last trading day the stock fluctuated 0.94% from a day low at JP¥277,200.00 to a day high of JP¥279,800.00. The price has risen in 6 of the last 10 days but is still down by -0.14% for this period. Volume has increased on the last day by 72 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, 1 thousand shares were bought and sold for approximately JP¥341.13 million.
The stock lies in the middle of a very wide and 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 -38.20% during the next 3 months and, with a 90% probability hold a price between JP¥136,325.76 and JP¥313,290.46 at the end of this 3-month period.
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8976.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 03, 2024, and so far it has risen 0.577%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Daiwa Office 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¥278,971.43 and JP¥462,257.14. 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). 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 Daiwa Office Investment Corporation stock
Daiwa Office Investment Corporation finds support from accumulated volume at JP¥278,200.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved JP¥2,600.00 between high and low, or 0.94%. For the last week, the stock has had daily average volatility of 0.86%.
Daiwa Office Investment Corporation is oversold on RSI14 (3). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8976.T) For The Upcoming Trading Day Of Wednesday 19th
For the upcoming trading day on Wednesday, 19th we expect Daiwa Office Investment Corporation to open at JP¥278,566.67, and during the day (based on 14 day Average True Range), to move between JP¥265,912.52 and JP¥291,487.48, which gives a possible trading interval of +/-JP¥12,787.48 (+/-4.59%) up or down from last closing price. If Daiwa Office Investment Corporation takes out the full calculated possible swing range there will be an estimated 9.18% 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¥279,000.00 (0.11%) than the support at JP¥278,200.00 (0.18%), 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 Daiwa Office Investment Corporation stock A Buy?
Daiwa Office Investment Corporation holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.833 Sell Candidate Unchanged
Predicted Opening Price for Daiwa Office Investment Corporation of Wednesday, June 19, 2024
| Fair opening price June 19, 2024 | Current price |
|---|---|
| JP¥278,566.67 ( 0.0478%) | JP¥278,700.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8976.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 281,166.67 | 0.89% |
| R2 | 280,173.47 | 0.529% |
| R1 | 279,559.87 | 0.309% |
| Price | 278,700.00 | |
| S1 | 277,573.47 | -0.404% |
| S2 | 276,959.87 | -0.624% |
| S3 | 275,966.67 | -0.98% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 280,900.00 | 0.789% |
| R2 | 279,100.00 | 0.144% |
| R1 | 279,000.00 | 0.108% |
| Price | 278,700.00 | |
| S1 | 278,200.00 | -0.179% |
| S2 | 278,000.00 | -0.251% |
| S3 | 277,100.00 | -0.574% |
8976 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | Aug 01, 2024 | JP¥13,700.00 | 4.92% |
| 2 | Nov 29, 2023 | Nov 29, 2023 | Feb 15, 2024 | JP¥13,700.00 | 4.56% |
| 3 | May 30, 2023 | May 30, 2023 | May 30, 2023 | JP¥13,700.00 | 4.84% |
| 4 | Nov 29, 2022 | Nov 29, 2022 | Nov 29, 2022 | JP¥13,700.00 | 4.05% |
| 5 | May 30, 2022 | May 30, 2022 | May 30, 2022 | JP¥14,000.00 | 3.97% |
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