Marubeni Construction Material Lease Stock Forecast
Green day on Tuesday for Marubeni Construction Material Lease
(Updated on Jul 02, 2024)
The Marubeni Construction Material Lease stock price gained 0.475% on the last trading day (Tuesday, 2nd Jul 2024), rising from JP¥3,160.00 to JP¥3,175.00. During the last trading day the stock fluctuated 1.11% from a day low at JP¥3,160.00 to a day high of JP¥3,195.00. The price has risen in 6 of the last 10 days and is up by 5.66% 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, 1 thousand more shares were traded than the day before. In total, 6 thousand shares were bought and sold for approximately JP¥18.73 million.
The stock lies in the middle of a wide and 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 6.68% during the next 3 months and, with a 90% probability hold a price between JP¥3,243.67 and JP¥3,683.41 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
9763.T Signals & Forecast
Mostly positive signals in the chart today. The Marubeni Construction Material Lease 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¥3,156.43 and JP¥3,122.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 5.66%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for Marubeni Construction Material Lease stock
Marubeni Construction Material Lease finds support from accumulated volume at JP¥3,170.00 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¥35.00 between high and low, or 1.11%. For the last week the stock has had daily average volatility of 1.14%.
Our recommended stop-loss: JP¥3,049.60 (-3.95%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (9763.T) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Marubeni Construction Material Lease Co.,Ltd. to open at JP¥3,176.67, and during the day (based on 14 day Average True Range), to move between JP¥3,118.37 and JP¥3,231.63, which gives a possible trading interval of +/-JP¥56.63 (+/-1.78%) up or down from last closing price. If Marubeni Construction Material Lease Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 3.57% 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¥3,170.00 (0.16%) than the resistance at JP¥3,235.00 (1.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Marubeni Construction Material Lease Co.,Ltd. stock A Buy?
Marubeni Construction Material Lease holds several positive signals and is within a weak 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.
Current score: 7.712 Strong Buy Candidate Unchanged
Predicted Opening Price for Marubeni Construction Material Lease Co.,Ltd. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| JP¥3,176.67 ( 0.0525%) | JP¥3,175.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9763.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,211.67 | 1.15% |
| R2 | 3,198.30 | 0.734% |
| R1 | 3,190.04 | 0.474% |
| Price | 3,175.00 | |
| S1 | 3,163.30 | -0.369% |
| S2 | 3,155.04 | -0.629% |
| S3 | 3,141.67 | -1.05% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,325.00 | 4.72% |
| R2 | 3,275.00 | 3.15% |
| R1 | 3,235.00 | 1.89% |
| Price | 3,175.00 | |
| S1 | 3,170.00 | -0.157% |
| S2 | 3,065.00 | -3.46% |
| S3 | 2,918.00 | -8.09% |
9763 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 | May 30, 2024 | JP¥65.00 | 2.09% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥50.00 | 1.78% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥60.00 | 3.08% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥40.00 | 2.27% |
FAQ
Click here for our free guide on how to buy Marubeni Construction Material Lease Co.,Ltd. Stock.
