Smartvalue Co.,Ltd. Stock Forecast
Stronger technical forecast for Smartvalue Co.,Ltd. stock price after Thursday trading.
(Updated on Apr 18, 2024)
The Smartvalue Co.,Ltd. stock price gained 1.27% on the last trading day (Thursday, 18th Apr 2024), rising from JP¥395.00 to JP¥400.00. During the last trading day the stock fluctuated 5.84% from a day low at JP¥394.00 to a day high of JP¥417.00. The price has fallen in 7 of the last 10 days and is down by -1.72% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 143 thousand more shares were traded than the day before. In total, 164 thousand shares were bought and sold for approximately JP¥65.68 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 Smartvalue Co.,Ltd. stock with a 90% probability to be traded between JP¥387.69 and JP¥428.69 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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9417.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 1.27%. Further rise is indicated until a new top pivot has been found. 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. The Smartvalue Co.,Ltd. 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¥403.29 and JP¥410.34. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A sell signal from a double top formation was found on Wednesday, March 06, 2024 and based on theory for this formation the price should fall by -2.50% to JP¥390.00 within 11 trading days since signal was issued (Friday, April 19, 2024).
Support, Risk & Stop-loss for Smartvalue Co.,Ltd. stock
Smartvalue Co.,Ltd. finds support from accumulated volume at JP¥397.00 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¥23.00 between high and low, or 5.84%. For the last week the stock has had daily average volatility of 3.31%.
Our recommended stop-loss: JP¥376.56 (-5.86%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (9417.T) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Smartvalue Co.,Ltd. to open at JP¥403.67, and during the day (based on 14 day Average True Range), to move between JP¥390.10 and JP¥409.90, which gives a possible trading interval of +/-JP¥9.90 (+/-2.48%) up or down from last closing price. If Smartvalue Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 4.95% 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¥397.00 (0.75%) than the resistance at JP¥408.00 (2.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Smartvalue Co.,Ltd. stock A Buy?
Smartvalue Co.,Ltd. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.006 Hold/Accumulate Upgraded
Predicted Opening Price for Smartvalue Co.,Ltd. of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| JP¥403.67 ( 0.92%) | JP¥400.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9417.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 426.67 | 6.67 % | |
| R2 | 417.88 | 4.47 % | ||
| R1 | 412.45 | 3.11 % | ||
| Current price: | 400.00 | |||
| Support | S1 | 394.88 | -1.28 % | |
| S2 | 389.45 | -2.64 % | ||
| S3 | 380.67 | -4.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 422.00 | 5.50 % | |
| R2 | 413.00 | 3.25 % | ||
| R1 | 408.00 | 2.00 % | ||
| Current price | 400.00 | |||
| Support | S1 | 397.00 | -0.750% | |
| S2 | 395.00 | -1.25% | ||
| S3 | 389.00 | -2.75% |
9417 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jun 27, 2024 | JP¥0 | 0% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥8.00 | 1.98% |
| 3 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥8.00 | 1.56% |
| 4 | Jun 29, 2021 | Jun 29, 2021 | Jun 29, 2021 | JP¥8.00 | 1.12% |
| 5 | Jun 29, 2020 | Jun 29, 2020 | Jun 29, 2020 | JP¥8.00 | 0.672% |
FAQ
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