Daiwa Office Investment Corporation Stock Forecast
Daiwa Office Investment Corporation stock price down 0.139% on Wednesday
(Updated on Jun 26, 2024)
The Daiwa Office Investment Corporation stock price fell by -0.139% on the last day (Wednesday, 26th Jun 2024) from JP¥287,900.00 to JP¥287,500.00. During the last trading day the stock fluctuated 0.95% from a day low at JP¥285,200.00 to a day high of JP¥287,900.00. The price has risen in 7 of the last 10 days and is up by 3.31% over the past 2 weeks. Volume has increased on the last day by 365 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, 2 thousand shares were bought and sold for approximately JP¥489.33 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 -45.78% during the next 3 months and, with a 90% probability hold a price between JP¥93,226.00 and JP¥246,315.74 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
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 3.75%. Further rise is indicated until a new top pivot has been found. 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. The Daiwa Office Investment Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥411,468.57. On a fall, the stock will find some support from the short-term average at JP¥283,585.71. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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¥279,000.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock 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¥2,700.00 between high and low, or 0.95%. For the last week, the stock has had daily average volatility of 1.12%.
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 Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Daiwa Office Investment Corporation to open at JP¥286,866.67, and during the day (based on 14 day Average True Range), to move between JP¥278,094.63 and JP¥296,905.37, which gives a possible trading interval of +/-JP¥9,405.37 (+/-3.27%) 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 6.54% 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¥287,900.00 (0.14%) than the support at JP¥279,000.00 (2.96%), 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 we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.773 Sell Candidate Unchanged
Predicted Opening Price for Daiwa Office Investment Corporation of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| JP¥286,866.67 ( 0.220%) | JP¥287,500.00 |
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 | 289,566.67 | 0.719% |
| R2 | 288,535.27 | 0.360% |
| R1 | 287,898.07 | 0.138% |
| Price | 287,500.00 | |
| S1 | 285,835.27 | -0.579% |
| S2 | 285,198.07 | -0.80% |
| S3 | 284,166.67 | -1.16% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 287,900.00 | 0.139% |
| Price | 287,500.00 | |
| S1 | 279,000.00 | -2.96% |
| S2 | 278,200.00 | -3.23% |
| S3 | 278,000.00 | -3.30% |
8976 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | Aug 01, 2024 | JP¥13,700.00 | 4.77% |
| 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% |
FAQ
Click here for our free guide on how to buy Daiwa Office Investment Corporation Stock.
