ARCLAND SAKAMOTO CO.,LTD. Stock Forecast
ARCLAND SAKAMOTO CO.,LTD. stock upgraded from Hold/Accumulate to Strong Buy Candidate after Thursday trading session.
(Updated on Apr 25, 2024)
The ARCLAND SAKAMOTO CO.,LTD. stock price gained 2.94% on the last trading day (Thursday, 25th Apr 2024), rising from JP¥1,904.00 to JP¥1,960.00. During the last trading day the stock fluctuated 3.58% from a day low at JP¥1,902.00 to a day high of JP¥1,970.00. The price has been going up and down for this period, and there has been a 9.8% 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, 201 thousand more shares were traded than the day before. In total, 308 thousand shares were bought and sold for approximately JP¥603.09 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 13.45% during the next 3 months and, with a 90% probability hold a price between JP¥2,000.75 and JP¥2,310.64 at the end of this 3-month period.
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9842.T Signals & Forecast
The ARCLAND SAKAMOTO CO.,LTD. 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¥1,907.43 and JP¥1,791.51. 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). 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, April 15, 2024, and so far it has fallen -2.24%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for ARCLAND SAKAMOTO CO.,LTD. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥1,674.00 and JP¥1,652.00. 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, ARCLAND SAKAMOTO CO.,LTD. finds support just below today's level at JP¥1,674.00. If this is broken, then the next support from accumulated volume will be at JP¥1,652.00 and JP¥1,638.00.
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¥68.00 between high and low, or 3.58%. For the last week, the stock has had daily average volatility of 1.95%.
Our recommended stop-loss: JP¥1,878.10 (-4.18%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (9842.T) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect ARCLAND SAKAMOTO CO.,LTD. to open at JP¥1,944.00, and during the day (based on 14 day Average True Range), to move between JP¥1,912.29 and JP¥2,007.71, which gives a possible trading interval of +/-JP¥47.71 (+/-2.43%) up or down from last closing price. If ARCLAND SAKAMOTO CO.,LTD. takes out the full calculated possible swing range there will be an estimated 4.87% 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¥2,005.00 (2.30%) than the support at JP¥1,674.00 (14.59%), 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 ARCLAND SAKAMOTO CO.,LTD. stock A Buy?
ARCLAND SAKAMOTO CO.,LTD. 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 Hold/Accumulate to a Strong Buy candidate.
Current score: 5.322 Strong Buy Candidate Upgraded
Predicted Opening Price for ARCLAND SAKAMOTO CO.,LTD. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| JP¥1,944.00 ( 0.82%) | JP¥1,960.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9842.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,012.00 | 2.65 % | |
| R2 | 1,986.02 | 1.33 % | ||
| R1 | 1,969.98 | 0.509 % | ||
| Current price: | 1,960.00 | |||
| Support | S1 | 1,918.02 | -2.14 % | |
| S2 | 1,901.98 | -2.96 % | ||
| S3 | 1,876.00 | -4.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 2,005.00 | 2.30 % | ||
| Current price | 1,960.00 | |||
| Support | S1 | 1,674.00 | -14.59% | |
| S2 | 1,652.00 | -15.71% | ||
| S3 | 1,638.00 | -16.43% |
9842 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2024 | Aug 29, 2024 | Aug 29, 2024 | JP¥0 | 0% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | JP¥0 | 0% |
| 3 | Aug 30, 2023 | Aug 30, 2023 | Aug 30, 2023 | JP¥20.00 | 1.20% |
| 4 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | JP¥20.00 | 1.38% |
| 5 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | JP¥5.00 | 0.331% |
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