Daiwa House REIT Investment Corporation Stock Forecast
Weaker technical forecast for Daiwa House REIT Investment Corporation as stock downgraded to Sell Candidate.
(Updated on May 17, 2024)
The Daiwa House REIT Investment Corporation stock price fell by -0.96% on the last day (Friday, 17th May 2024) from JP¥260,300.00 to JP¥257,800.00. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.48% from a day low at JP¥257,000.00 to a day high of JP¥260,800.00. The price has fallen in 8 of the last 10 days and is down by -2.64% for this period. 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 -2 thousand shares and in total, 6 thousand shares were bought and sold for approximately JP¥1.54 billion.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥254,230.84 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 9.77% during the next 3 months and, with a 90% probability hold a price between JP¥279,072.00 and JP¥300,016.62 at the end of this 3-month period.
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8984.T Signals & Forecast
There are few to no technical positive signals at the moment. The Daiwa House REIT Investment Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥262,828.57 and JP¥259,828.57. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -4.38%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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
Daiwa House REIT Investment Corporation finds support from accumulated volume at JP¥247,000.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved JP¥3,800.00 between high and low, or 1.48%. For the last week the stock has had daily average volatility of 1.50%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8984.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Daiwa House REIT Investment Corporation to open at JP¥258,533.33, and during the day (based on 14 day Average True Range), to move between JP¥253,708.64 and JP¥261,891.36, which gives a possible trading interval of +/-JP¥4,091.36 (+/-1.59%) 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 3.17% 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¥258,600.00 (0.31%) than the support at JP¥247,000.00 (4.19%), 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?
The Daiwa House REIT Investment Corporation stock holds several negative signals and despite the positive trend, we believe Daiwa House REIT Investment Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -4.787 Sell Candidate Downgraded
Predicted Opening Price for Daiwa House REIT Investment Corporation of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥258,533.33 ( 0.284%) | JP¥257,800.00 |
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 | 262,333.33 | 1.76 % | |
| R2 | 260,881.73 | 1.20 % | ||
| R1 | 259,984.93 | 0.85 % | ||
| Current price: | 257,800.00 | |||
| Support | S1 | 257,081.73 | -0.279 % | |
| S2 | 256,184.93 | -0.626 % | ||
| S3 | 254,733.33 | -1.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 269,600.00 | 4.58 % | |
| R2 | 259,800.00 | 0.776 % | ||
| R1 | 258,600.00 | 0.310 % | ||
| Current price | 257,800.00 | |||
| Support | S1 | 247,000.00 | -4.19% | |
| S2 | 244,700.00 | -5.08% | ||
| S3 | 244,400.00 | -5.20% |
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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