GAKKYUSHA CO.,LTD. Stock Forecast
Stronger technical forecast for GAKKYUSHA CO.,LTD. stock price after Thursday trading.
(Updated on Jun 13, 2024)
The GAKKYUSHA CO.,LTD. stock price fell by -1.61% on the last day (Thursday, 13th Jun 2024) from JP¥2,106.00 to JP¥2,072.00. During the last trading day the stock fluctuated 1.93% from a day low at JP¥2,072.00 to a day high of JP¥2,112.00. The price has been going up and down for this period, and there has been a -0.38% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 thousand shares and in total, 9 thousand shares were bought and sold for approximately JP¥17.82 million.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at JP¥2,051.19 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect GAKKYUSHA CO.,LTD. stock with a 90% probability to be traded between JP¥2,019.10 and JP¥2,144.46 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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9769.T Signals & Forecast
There are mixed signals in the stock today. The GAKKYUSHA 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¥2,087.86 and JP¥2,117.80. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Tuesday, May 28, 2024, and so far it has risen 0.680%. 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).
Support, Risk & Stop-loss for GAKKYUSHA CO.,LTD. stock
GAKKYUSHA CO.,LTD. finds support from accumulated volume at JP¥2,067.00 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¥40.00 between high and low, or 1.93%. For the last week the stock has had daily average volatility of 1.25%.
Our recommended stop-loss: JP¥1,949.39 (-5.92%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 29 days ago.)
Trading Expectations (9769.T) For The Upcoming Trading Day Of Friday 14th
For the upcoming trading day on Friday, 14th we expect GAKKYUSHA CO.,LTD. to open at JP¥2,085.33, and during the day (based on 14 day Average True Range), to move between JP¥2,046.89 and JP¥2,097.11, which gives a possible trading interval of +/-JP¥25.11 (+/-1.21%) up or down from last closing price. If GAKKYUSHA CO.,LTD. takes out the full calculated possible swing range there will be an estimated 2.42% 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¥2,067.00 (0.24%) than the resistance at JP¥2,106.00 (1.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is GAKKYUSHA CO.,LTD. stock A Buy?
GAKKYUSHA CO.,LTD. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: -0.593 Hold/Accumulate Upgraded
Predicted Opening Price for GAKKYUSHA CO.,LTD. of Friday, June 14, 2024
| Fair opening price June 14, 2024 | Current price |
|---|---|
| JP¥2,085.33 ( 0.644%) | JP¥2,072.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9769.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,125.33 | 2.57% |
| R2 | 2,110.05 | 1.84% |
| R1 | 2,100.61 | 1.38% |
| Price | 2,072.00 | |
| S1 | 2,070.05 | -0.0940% |
| S2 | 2,060.61 | -0.550% |
| S3 | 2,045.33 | -1.29% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,143.00 | 3.43% |
| R2 | 2,134.00 | 2.99% |
| R1 | 2,106.00 | 1.64% |
| Price | 2,072.00 | |
| S1 | 2,067.00 | -0.241% |
| S2 | 2,058.00 | -0.676% |
| S3 | 0 | - |
9769 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 28, 2024 | JP¥42.00 | 2.03% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥45.00 | 2.19% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥42.00 | 2.15% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥45.00 | 2.80% |
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