ARCLAND SAKAMOTO CO.,LTD. Stock Forecast
Red day on Thursday for ARCLAND SAKAMOTO CO.,LTD.
(Updated on May 02, 2024)
The ARCLAND SAKAMOTO CO.,LTD. stock price fell by -0.522% on the last day (Thursday, 2nd May 2024) from JP¥1,915.00 to JP¥1,905.00. During the last trading day the stock fluctuated 1.54% from a day low at JP¥1,888.00 to a day high of JP¥1,917.00. The price has been going up and down for this period, and there has been a 2.31% gain for the last 2 weeks. Volume has increased on the last day by 22 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, 136 thousand shares were bought and sold for approximately JP¥259.46 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 16.63% during the next 3 months and, with a 90% probability hold a price between JP¥2,123.29 and JP¥2,408.20 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.
9842.T Signals & Forecast
The ARCLAND SAKAMOTO CO.,LTD. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥1,922.29. On a fall, the stock will find some support from the long-term average at approximately JP¥1,819.09. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Monday, April 15, 2024, and so far it has fallen -4.99%. 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 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¥29.00 between high and low, or 1.54%. For the last week, the stock has had daily average volatility of 2.32%.
Our recommended stop-loss: JP¥1,836.08 (-3.62%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (9842.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect ARCLAND SAKAMOTO CO.,LTD. to open at JP¥1,903.33, and during the day (based on 14 day Average True Range), to move between JP¥1,859.66 and JP¥1,950.34, which gives a possible trading interval of +/-JP¥45.34 (+/-2.38%) 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 4.76% 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¥1,931.00 (1.36%) than the support at JP¥1,674.00 (12.13%), 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?
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 ARCLAND SAKAMOTO CO.,LTD. stock to perform well in the short-term.
Current score: 2.146 Buy Candidate Unchanged
Predicted Opening Price for ARCLAND SAKAMOTO CO.,LTD. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥1,903.33 ( 0.0875%) | JP¥1,905.00 |
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 | 1,932.33 | 1.43 % | |
| R2 | 1,921.26 | 0.85 % | ||
| R1 | 1,914.41 | 0.494 % | ||
| Current price: | 1,905.00 | |||
| Support | S1 | 1,892.26 | -0.669 % | |
| S2 | 1,885.41 | -1.03 % | ||
| S3 | 1,874.33 | -1.61 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,005.00 | 5.25 % | |
| R2 | 1,960.00 | 2.89 % | ||
| R1 | 1,931.00 | 1.36 % | ||
| Current price | 1,905.00 | |||
| Support | S1 | 1,674.00 | -12.13% | |
| S2 | 1,652.00 | -13.28% | ||
| S3 | 1,638.00 | -14.02% |
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% |
FAQ
Click here for our free guide on how to buy ARCLAND SAKAMOTO CO.,LTD. Stock.
