SAC'S BAR HOLDINGS INC. Stock Forecast
Red day on Thursday for SAC'S BAR HOLDINGS INC.
(Updated on May 02, 2024)
The SAC'S BAR HOLDINGS INC. stock price fell by -0.118% on the last day (Thursday, 2nd May 2024) from JP¥851.00 to JP¥850.00. During the last trading day the stock fluctuated 0.83% from a day low at JP¥845.00 to a day high of JP¥852.00. The price has fallen in 6 of the last 10 days but is still up by 0.95% over the past 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 -700 shares and in total, 28 thousand shares were bought and sold for approximately JP¥23.63 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¥840.46 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect SAC'S BAR HOLDINGS INC. stock with a 90% probability to be traded between JP¥843.54 and JP¥922.88 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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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 1.19%. 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¥854.43 and JP¥881.40. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
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¥849.00 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¥7.00 (0.83%) between high and low. For the last week, the stock has had daily average volatility of 0.97%.
Our recommended stop-loss: JP¥799.39 (-5.95%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (9990.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th 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¥835.15 and JP¥864.85, which gives a possible trading interval of +/-JP¥14.85 (+/-1.75%) 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 3.49% 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¥849.00 (0.12%) than the resistance at JP¥869.00 (2.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
SAC'S BAR HOLDINGS INC. will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for SAC'S BAR HOLDINGS INC., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.75% in the first trading day after earnings release.
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: 0.189 Hold/Accumulate Unchanged
Predicted Opening Price for SAC'S BAR HOLDINGS INC. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥849.00 ( 0.118%) | JP¥850.00 |
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 | 856.00 | 0.706 % | |
| R2 | 853.33 | 0.391 % | ||
| R1 | 851.67 | 0.197 % | ||
| Current price: | 850.00 | |||
| Support | S1 | 846.33 | -0.432 % | |
| S2 | 844.67 | -0.627 % | ||
| S3 | 842.00 | -0.94 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 915.00 | 7.65 % | |
| R2 | 908.00 | 6.82 % | ||
| R1 | 869.00 | 2.24 % | ||
| Current price | 850.00 | |||
| Support | S1 | 849.00 | -0.118% | |
| S2 | 847.00 | -0.353% | ||
| S3 | 840.00 | -1.18% |
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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