Japan Rental Housing Investments Inc. Stock Forecast
Red day on Thursday for Japan Rental Housing Investments Inc. stock after losing 0.471%
(Updated on Apr 18, 2024)
The Japan Rental Housing Investments Inc. stock price fell by -0.471% on the last day (Thursday, 18th Apr 2024) from JP¥106,100.00 to JP¥105,600.00. During the last trading day the stock fluctuated 1.33% from a day low at JP¥105,600.00 to a day high of JP¥107,000.00. The price has risen in 5 of the last 10 days and is up by 0.28% 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 -702 shares and in total, 3 thousand shares were bought and sold for approximately JP¥274.67 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Japan Rental Housing Investments Inc. stock with a 90% probability to be traded between JP¥99,781.34 and JP¥110,026.07 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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8986.T Signals & Forecast
The Japan Rental Housing Investments Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥106,000.00. On a fall, the stock will find some support from the long-term average at approximately JP¥104,168.57. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Monday, March 25, 2024, and so far it has fallen -3.12%. 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.
Support, Risk & Stop-loss for Japan Rental Housing Investments Inc. stock
Japan Rental Housing Investments Inc. finds support from accumulated volume at JP¥105,200.00 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¥1,400.00 between high and low, or 1.33%. For the last week the stock has had daily average volatility of 1.47%.
Our recommended stop-loss: JP¥101,265.36 (-4.10%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (8986.T) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Japan Rental Housing Investments Inc. to open at JP¥106,066.67, and during the day (based on 14 day Average True Range), to move between JP¥104,028.00 and JP¥107,172.00, which gives a possible trading interval of +/-JP¥1,572.00 (+/-1.49%) up or down from last closing price. If Japan Rental Housing Investments Inc. takes out the full calculated possible swing range there will be an estimated 2.98% 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¥105,200.00 (0.38%) than the resistance at JP¥106,100.00 (0.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Japan Rental Housing Investments Inc. stock A Buy?
Japan Rental Housing Investments Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.697 Hold/Accumulate Unchanged
Predicted Opening Price for Japan Rental Housing Investments Inc. of Friday, April 19, 2024
Fair opening price April 19, 2024 | Current price |
---|---|
JP¥106,066.67 ( 0.442%) | JP¥105,600.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8986.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 107,466.67 | 1.77 % | |
R2 | 106,931.87 | 1.26 % | ||
R1 | 106,601.47 | 0.95 % | ||
Current price: | 105,600.00 | |||
Support | S1 | 105,531.87 | -0.0645 % | |
S2 | 105,201.47 | -0.377 % | ||
S3 | 104,666.67 | -0.88 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 107,500.00 | 1.80 % | |
R2 | 106,600.00 | 0.95 % | ||
R1 | 106,100.00 | 0.473 % | ||
Current price | 105,600.00 | |||
Support | S1 | 105,200.00 | -0.379% | |
S2 | 104,800.00 | -0.758% | ||
S3 | 100,000.00 | -5.30% |
8986 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
2 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥2,230.00 | 2.04% |
3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥2,200.00 | 2.03% |
4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥2,180.00 | 1.92% |
5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥2,180.00 | 1.89% |
FAQ
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