Daiwa House REIT Investment Corporation Stock Forecast
Evaluation of Daiwa House REIT Investment Corporation stock downgraded after the last trading session.
(Updated on May 07, 2024)
The Daiwa House REIT Investment Corporation stock price fell by -0.96% on the last day (Tuesday, 7th May 2024) from JP¥269,600.00 to JP¥267,000.00. During the last trading day the stock fluctuated 1.47% from a day low at JP¥266,000.00 to a day high of JP¥269,900.00. The price has risen in 6 of the last 10 days and is up by 2.46% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 thousand shares and in total, 5 thousand shares were bought and sold for approximately JP¥1.31 billion.
The stock lies in the middle of a 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 8.89% during the next 3 months and, with a 90% probability hold a price between JP¥272,416.02 and JP¥296,792.18 at the end of this 3-month period.
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8984.T Signals & Forecast
The Daiwa House REIT Investment Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥264,314.29 and JP¥257,748.57. A breakdown below any of these levels will issue sell signals. 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 Thursday, May 02, 2024, and so far it has fallen -0.96%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Tuesday, April 16, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, April 16, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Daiwa House REIT Investment Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥247,000.00 and JP¥244,700.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Daiwa House REIT Investment Corporation finds support just below today's level at JP¥247,000.00. If this is broken, then the next support from accumulated volume will be at JP¥244,700.00 and JP¥244,400.00.
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¥3,900.00 (1.47%) between high and low. For the last week, the stock has had daily average volatility of 1.34%.
Our recommended stop-loss: JP¥256,890.13 (-3.79%) (This stock has low daily movements and this gives low risk. The RSI14 is 79 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (8984.T) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Daiwa House REIT Investment Corporation to open at JP¥267,633.33, and during the day (based on 14 day Average True Range), to move between JP¥262,686.31 and JP¥271,313.69, which gives a possible trading interval of +/-JP¥4,313.69 (+/-1.62%) up or down from last closing price. If Daiwa House REIT Investment Corporation takes out the full calculated possible swing range there will be an estimated 3.23% 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¥269,600.00 (0.97%) than the support at JP¥247,000.00 (7.49%), 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 House REIT Investment Corporation 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 Daiwa House REIT Investment Corporation stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 3.502 Buy Candidate Downgraded
Predicted Opening Price for Daiwa House REIT Investment Corporation of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| JP¥267,633.33 ( 0.237%) | JP¥267,000.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8984.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 271,533.33 | 1.70 % | |
| R2 | 270,043.53 | 1.14 % | ||
| R1 | 269,123.13 | 0.795 % | ||
| Current price: | 267,000.00 | |||
| Support | S1 | 266,143.53 | -0.321 % | |
| S2 | 265,223.13 | -0.665 % | ||
| S3 | 263,733.33 | -1.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 269,600.00 | 0.97 % | ||
| Current price | 267,000.00 | |||
| Support | S1 | 247,000.00 | -7.49% | |
| S2 | 244,700.00 | -8.35% | ||
| S3 | 244,400.00 | -8.46% |
8984 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2024 | Aug 29, 2024 | Aug 29, 2024 | JP¥0 | 0% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | JP¥0 | 0% |
| 3 | Aug 30, 2023 | Aug 30, 2023 | Aug 30, 2023 | JP¥802.00 | 0.287% |
| 4 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | JP¥795.00 | 0.286% |
| 5 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | JP¥793.00 | 0.241% |
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