SAC'S BAR HOLDINGS INC. Stock Forecast
SAC'S BAR HOLDINGS INC. stock price down 1.17% on Friday
(Updated on Apr 26, 2024)
The SAC'S BAR HOLDINGS INC. stock price fell by -1.17% on the last day (Friday, 26th Apr 2024) from JP¥857.00 to JP¥847.00. During the last trading day the stock fluctuated 1.18% from a day low at JP¥845.00 to a day high of JP¥855.00. The price has fallen in 7 of the last 10 days and is down by -5.57% for this period. Volume has increased on the last day by 42 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, 71 thousand shares were bought and sold for approximately JP¥60.48 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥841.99 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 2.67% during the next 3 months and, with a 90% probability hold a price between JP¥864.48 and JP¥958.25 at the end of this 3-month period.
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9990.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 0.83%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The SAC'S BAR HOLDINGS INC. 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¥855.43 and JP¥884.94. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
A sell signal from a double top formation was found on Wednesday, March 27, 2024 with a target of JP¥887.95. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for SAC'S BAR HOLDINGS INC. stock
SAC'S BAR HOLDINGS INC. finds support from accumulated volume at JP¥844.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥10.00 (1.18%) between high and low. For the last week, the stock has had daily average volatility of 0.96%.
Our recommended stop-loss: JP¥804.23 (-5.05%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (9990.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect SAC'S BAR HOLDINGS INC. to open at JP¥849.00, and during the day (based on 14 day Average True Range), to move between JP¥830.61 and JP¥863.39, which gives a possible trading interval of +/-JP¥16.39 (+/-1.93%) up or down from last closing price. If SAC'S BAR HOLDINGS INC. takes out the full calculated possible swing range there will be an estimated 3.87% 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¥849.00 (0.24%) than the support at JP¥844.00 (0.35%), 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 SAC'S BAR HOLDINGS INC. stock A Buy?
SAC'S BAR HOLDINGS INC. 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.
Current score: -0.780 Hold/Accumulate Unchanged
Predicted Opening Price for SAC'S BAR HOLDINGS INC. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥849.00 ( 0.236%) | JP¥847.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9990.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 859.00 | 1.42 % | |
| R2 | 855.18 | 0.97 % | ||
| R1 | 852.82 | 0.687 % | ||
| Current price: | 847.00 | |||
| Support | S1 | 845.18 | -0.215 % | |
| S2 | 842.82 | -0.494 % | ||
| S3 | 839.00 | -0.94 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 908.00 | 7.20 % | |
| R2 | 869.00 | 2.60 % | ||
| R1 | 849.00 | 0.236 % | ||
| Current price | 847.00 | |||
| Support | S1 | 844.00 | -0.354% | |
| S2 | 841.00 | -0.708% | ||
| S3 | 840.00 | -0.83% |
9990 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥22.50 | 2.86% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥15.00 | 2.99% |
| 4 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥15.00 | 2.40% |
| 5 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥30.00 | 4.86% |
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