SEIBU HOLDINGS INC. Stock Forecast
SEIBU HOLDINGS INC. stock price down 0.612% on Tuesday
(Updated on Jul 02, 2024)
The SEIBU HOLDINGS INC. stock price fell by -0.612% on the last day (Tuesday, 2nd Jul 2024) from JP¥2,204.50 to JP¥2,191.00. During the last trading day the stock fluctuated 2.20% from a day low at JP¥2,158.00 to a day high of JP¥2,205.50. The price has fallen in 5 of the last 10 days and is down by -1.73% for this period. Volume has increased on the last day by 563 thousand 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, 1 million shares were bought and sold for approximately JP¥2.69 billion.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at JP¥2,251.01 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -12.52% during the next 3 months and, with a 90% probability hold a price between JP¥1,622.52 and JP¥1,969.27 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.
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9024.T Signals & Forecast
There are few to no technical positive signals at the moment. The SEIBU HOLDINGS INC. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥2,211.21 and JP¥2,281.97. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 28, 2024, and so far it has fallen -8.06%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for SEIBU HOLDINGS INC. stock
SEIBU HOLDINGS INC. finds support from accumulated volume at JP¥2,141.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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¥47.50 (2.20%) between high and low. For the last week, the stock has had daily average volatility of 2.19%.
SEIBU HOLDINGS INC. is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (9024.T) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect SEIBU HOLDINGS INC. to open at JP¥2,184.83, and during the day (based on 14 day Average True Range), to move between JP¥2,136.38 and JP¥2,245.62, which gives a possible trading interval of +/-JP¥54.62 (+/-2.49%) up or down from last closing price. If SEIBU HOLDINGS INC. takes out the full calculated possible swing range there will be an estimated 4.99% 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¥2,217.00 (1.19%) than the support at JP¥2,141.00 (2.28%), 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 SEIBU HOLDINGS INC. stock A Buy?
SEIBU HOLDINGS INC. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.807 Sell Candidate Unchanged
Predicted Opening Price for SEIBU HOLDINGS INC. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| JP¥2,184.83 ( 0.281%) | JP¥2,191.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9024.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,232.33 | 1.89% |
| R2 | 2,214.19 | 1.06% |
| R1 | 2,202.98 | 0.547% |
| Price | 2,191.00 | |
| S1 | 2,166.69 | -1.11% |
| S2 | 2,155.48 | -1.62% |
| S3 | 2,137.33 | -2.45% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,480.00 | 13.19% |
| R2 | 2,282.50 | 4.18% |
| R1 | 2,217.00 | 1.19% |
| Price | 2,191.00 | |
| S1 | 2,141.00 | -2.28% |
| S2 | 2,099.00 | -4.20% |
| S3 | 2,050.00 | -6.44% |
9024 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 24, 2024 | JP¥12.50 | 0.563% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥12.50 | 0.88% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥20.00 | 1.47% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥5.00 | 0.333% |
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