BOOKOFF GROUP HOLDINGS LIMITED Stock Forecast
Red day on Thursday for BOOKOFF GROUP HOLDINGS LIMITED
(Updated on May 02, 2024)
The BOOKOFF GROUP HOLDINGS LIMITED stock price fell by -0.695% on the last day (Thursday, 2nd May 2024) from JP¥1,727.00 to JP¥1,715.00. During the last trading day the stock fluctuated 2.63% from a day low at JP¥1,711.00 to a day high of JP¥1,756.00. The price has risen in 6 of the last 10 days and is up by 9.8% over the past 2 weeks. Volume has increased on the last day by 8 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, 179 thousand shares were bought and sold for approximately JP¥307.33 million.
The stock lies in the middle of a 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 41.05% during the next 3 months and, with a 90% probability hold a price between JP¥2,244.45 and JP¥2,513.20 at the end of this 3-month period.
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9278.T Signals & Forecast
The BOOKOFF GROUP HOLDINGS LIMITED 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¥1,704.57 and JP¥1,517.94. 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). 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 Tuesday, April 23, 2024, and so far it has fallen -0.81%. Further fall is indicated until a new bottom pivot has been found. 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 BOOKOFF GROUP HOLDINGS LIMITED stock
BOOKOFF GROUP HOLDINGS LIMITED finds support from accumulated volume at JP¥1,672.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved JP¥45.00 between high and low, or 2.63%. For the last week, the stock has had daily average volatility of 3.35%.
Our recommended stop-loss: JP¥1,665.15 (-2.91%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (9278.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect BOOKOFF GROUP HOLDINGS LIMITED to open at JP¥1,727.33, and during the day (based on 14 day Average True Range), to move between JP¥1,659.15 and JP¥1,770.85, which gives a possible trading interval of +/-JP¥55.85 (+/-3.26%) up or down from last closing price. If BOOKOFF GROUP HOLDINGS LIMITED takes out the full calculated possible swing range there will be an estimated 6.51% 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¥1,716.00 (0.06%) than the support at JP¥1,672.00 (2.51%), 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 BOOKOFF GROUP HOLDINGS LIMITED 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 BOOKOFF GROUP HOLDINGS LIMITED stock to perform well in the short-term.
Current score: 3.481 Buy Candidate Unchanged
Predicted Opening Price for BOOKOFF GROUP HOLDINGS LIMITED of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥1,727.33 ( 0.719%) | JP¥1,715.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9278.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,772.33 | 3.34 % | |
| R2 | 1,755.14 | 2.34 % | ||
| R1 | 1,744.52 | 1.72 % | ||
| Current price: | 1,715.00 | |||
| Support | S1 | 1,710.14 | -0.283 % | |
| S2 | 1,699.52 | -0.90 % | ||
| S3 | 1,682.33 | -1.90 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,729.00 | 0.82 % | |
| R2 | 1,724.00 | 0.525 % | ||
| R1 | 1,716.00 | 0.0583 % | ||
| Current price | 1,715.00 | |||
| Support | S1 | 1,672.00 | -2.51% | |
| S2 | 1,660.00 | -3.21% | ||
| S3 | 1,513.00 | -11.78% |
9278 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | May 30, 2024 | JP¥0 | 0% |
| 2 | May 30, 2023 | May 30, 2023 | May 30, 2023 | JP¥25.00 | 1.98% |
| 3 | May 30, 2022 | May 30, 2022 | May 30, 2022 | JP¥20.00 | 2.02% |
| 4 | May 28, 2021 | May 28, 2021 | May 28, 2021 | JP¥6.00 | 0.619% |
| 5 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥6.00 | 0.719% |
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