BELLUNA CO.,LTD. Stock Forecast
Red day on Friday for BELLUNA CO.,LTD. stock after losing 0.97%
(Updated on Apr 19, 2024)
The BELLUNA CO.,LTD. stock price fell by -0.97% on the last day (Friday, 19th Apr 2024) from JP¥617.00 to JP¥611.00. During the last trading day the stock fluctuated 2.15% from a day low at JP¥606.00 to a day high of JP¥619.00. The price has fallen in 5 of the last 10 days and is down by -2.24% for this period. Volume has increased on the last day by 132 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, 263 thousand shares were bought and sold for approximately JP¥160.39 million.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect BELLUNA CO.,LTD. stock with a 90% probability to be traded between JP¥608.37 and JP¥638.06 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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9997.T Signals & Forecast
There are few to no technical positive signals at the moment. The BELLUNA CO.,LTD. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥622.71 and JP¥621.23. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -3.48%. Further fall is indicated until a new bottom pivot has been found. 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.
Support, Risk & Stop-loss for BELLUNA CO.,LTD. stock
BELLUNA CO.,LTD. finds support from accumulated volume at JP¥609.00 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¥13.00 between high and low, or 2.15%. For the last week the stock has had daily average volatility of 1.53%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (9997.T) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect BELLUNA CO.,LTD. to open at JP¥612.00, and during the day (based on 14 day Average True Range), to move between JP¥603.19 and JP¥618.81, which gives a possible trading interval of +/-JP¥7.81 (+/-1.28%) up or down from last closing price. If BELLUNA CO.,LTD. takes out the full calculated possible swing range there will be an estimated 2.56% 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¥613.00 (0.33%) than the support at JP¥609.00 (0.33%), 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 BELLUNA CO.,LTD. stock A Buy?
BELLUNA CO.,LTD. holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.754 Sell Candidate Unchanged
Predicted Opening Price for BELLUNA CO.,LTD. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| JP¥612.00 ( 0.164%) | JP¥611.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9997.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 625.00 | 2.29 % | |
| R2 | 620.03 | 1.48 % | ||
| R1 | 616.97 | 0.98 % | ||
| Current price: | 611.00 | |||
| Support | S1 | 607.03 | -0.649 % | |
| S2 | 603.97 | -1.15 % | ||
| S3 | 599.00 | -1.96 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 631.00 | 3.27 % | |
| R2 | 627.00 | 2.62 % | ||
| R1 | 613.00 | 0.327 % | ||
| Current price | 611.00 | |||
| Support | S1 | 609.00 | -0.327% | |
| S2 | 606.00 | -0.82% | ||
| S3 | 601.00 | -1.64% |
9997 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥10.25 | 1.50% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥10.00 | 1.47% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥10.00 | 1.44% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥9.50 | 1.33% |
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