Japan Rental Housing Investments Inc. Stock Forecast
Japan Rental Housing Investments Inc. stock upgraded to Buy Candidate.
(Updated on May 01, 2024)
The Japan Rental Housing Investments Inc. stock price gained 1.03% on the last trading day (Wednesday, 1st May 2024), rising from JP¥107,100.00 to JP¥108,200.00. During the last trading day the stock fluctuated 1.22% from a day low at JP¥106,900.00 to a day high of JP¥108,200.00. The price has risen in 6 of the last 10 days and is up by 2.17% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 787 more shares were traded than the day before. In total, 5 thousand shares were bought and sold for approximately JP¥510.60 million.
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 4.37% during the next 3 months and, with a 90% probability hold a price between JP¥105,970.57 and JP¥115,898.36 at the end of this 3-month period.
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8986.T Signals & Forecast
The Japan Rental Housing Investments Inc. 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¥106,614.29 and JP¥105,657.14. 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). Volume is rising along with the price. This is considered to be a good technical 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 -0.734%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Japan Rental Housing Investments Inc. stock
Japan Rental Housing Investments Inc. finds support from accumulated volume at JP¥106,100.00 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¥1,300.00 between high and low, or 1.22%. For the last week the stock has had daily average volatility of 1.31%.
Our recommended stop-loss: JP¥103,949.82 (-3.93%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 26 days ago.)
Trading Expectations (8986.T) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Japan Rental Housing Investments Inc. to open at JP¥107,766.67, and during the day (based on 14 day Average True Range), to move between JP¥106,700.93 and JP¥109,699.07, which gives a possible trading interval of +/-JP¥1,499.07 (+/-1.39%) 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 2.77% 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¥108,700.00 (0.46%) than the support at JP¥106,100.00 (1.94%), 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 Japan Rental Housing Investments Inc. 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 Japan Rental Housing Investments Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.456 Buy Candidate Upgraded
Predicted Opening Price for Japan Rental Housing Investments Inc. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| JP¥107,766.67 ( 0.400%) | JP¥108,200.00 |
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 | 109,066.67 | 0.80 % | |
| R2 | 108,570.07 | 0.342 % | ||
| R1 | 108,263.27 | 0.0585 % | ||
| Current price: | 108,200.00 | |||
| Support | S1 | 107,270.07 | -0.86 % | |
| S2 | 106,963.27 | -1.14 % | ||
| S3 | 106,466.67 | -1.60 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 109,000.00 | 0.739 % | ||
| R1 | 108,700.00 | 0.462 % | ||
| Current price | 108,200.00 | |||
| Support | S1 | 106,100.00 | -1.94% | |
| S2 | 105,200.00 | -2.77% | ||
| S3 | 104,800.00 | -3.14% |
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% |
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