MARUWN CORPORATION Stock Forecast
MARUWN CORPORATION stock upgraded from Buy Candidate to Strong Buy Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The MARUWN CORPORATION stock price gained 1.83% on the last trading day (Tuesday, 2nd Jul 2024), rising from JP¥383.00 to JP¥390.00. During the last trading day the stock fluctuated 5.65% from a day low at JP¥372.00 to a day high of JP¥393.00. The price has been going up and down for this period, and there has been a 6.85% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 83 thousand more shares were traded than the day before. In total, 227 thousand shares were bought and sold for approximately JP¥88.45 million.
The stock lies in the middle of a very wide and strong 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 44.80% during the next 3 months and, with a 90% probability hold a price between JP¥502.41 and JP¥635.09 at the end of this 3-month period.
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9067.T Signals & Forecast
The MARUWN 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¥376.57 and JP¥352.69. A breakdown below any of these levels will issue sell signals. 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, June 10, 2024, and so far it has fallen -3.23%. 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). The stock had a Golden Star Signal on Monday, November 20, 2023 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 Monday, November 20, 2023 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 MARUWN CORPORATION stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥370.00 and JP¥350.00. 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, MARUWN CORPORATION finds support just below today's level at JP¥370.00. If this is broken, then the next support from accumulated volume will be at JP¥350.00 and JP¥299.00.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved JP¥21.00 between high and low, or 5.65%. For the last week, the stock has had daily average volatility of 3.74%.
Our recommended stop-loss: JP¥374.40 (-4.00%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (9067.T) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect MARUWN CORPORATION to open at JP¥385.00, and during the day (based on 14 day Average True Range), to move between JP¥374.18 and JP¥405.82, which gives a possible trading interval of +/-JP¥15.82 (+/-4.06%) up or down from last closing price. If MARUWN CORPORATION takes out the full calculated possible swing range there will be an estimated 8.11% 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¥394.00 (1.03%) than the support at JP¥370.00 (5.13%), 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 MARUWN CORPORATION stock A Buy?
MARUWN CORPORATION holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.603 Strong Buy Candidate Upgraded
Predicted Opening Price for MARUWN CORPORATION of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
JP¥385.00 ( 1.28%) | JP¥390.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9067.T
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 406.00 | 4.10% |
R2 | 397.98 | 2.05% |
R1 | 393.02 | 0.775% |
Price | 390.00 | |
S1 | 376.98 | -3.34% |
S2 | 372.02 | -4.61% |
S3 | 364.00 | -6.67% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 403.00 | 3.33% |
R2 | 401.00 | 2.82% |
R1 | 394.00 | 1.03% |
Price | 390.00 | |
S1 | 370.00 | -5.13% |
S2 | 350.00 | -10.26% |
S3 | 299.00 | -23.33% |
9067 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 10, 2024 | JP¥5.00 | 1.24% |
3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥4.00 | 1.54% |
4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥4.00 | 1.77% |
5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥4.00 | 1.84% |
FAQ
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