CC Japan Income & Growth Trust plc Stock Forecast
CC Japan Income & Growth Trust plc stock price down 0.525% on Wednesday
(Updated on May 01, 2024)
The CC Japan Income & Growth Trust plc stock price fell by -0.525% on the last day (Wednesday, 1st May 2024) from £190.50 to £189.50. During the last trading day the stock fluctuated 2.94% from a day low at £187.00 to a day high of £192.50. The price has been going up and down for this period, and there has been a -0.79% loss for the last 2 weeks. Volume has increased on the last day by 88 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, 345 thousand shares were bought and sold for approximately £65.37 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 £186.89 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 2.95% during the next 3 months and, with a 90% probability hold a price between £192.40 and £215.71 at the end of this 3-month period.
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CCJI.L Signals & Forecast
The CC Japan Income & Growth Trust plc 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 £189.86 and £196.16. 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. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 1.61%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for CC Japan Income & Growth Trust plc stock
CC Japan Income & Growth Trust plc finds support from accumulated volume at £189.00 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 £5.50 (2.94%) between high and low. For the last week, the stock has had daily average volatility of 2.65%.
Our recommended stop-loss: £180.55 (-4.73%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (CCJI.L) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect CC Japan Income & Growth Trust plc to open at £189.67, and during the day (based on 14 day Average True Range), to move between £184.47 and £194.53, which gives a possible trading interval of +/-£5.03 (+/-2.65%) up or down from last closing price. If CC Japan Income & Growth Trust plc takes out the full calculated possible swing range there will be an estimated 5.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £189.00 (0.26%) than the resistance at £199.00 (5.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CC Japan Income & Growth Trust plc stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.186 Buy Candidate Unchanged
Predicted Opening Price for CC Japan Income & Growth Trust plc of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| £189.67 ( 0.0880%) | £189.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CCJI.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 195.17 | 2.99 % | |
| R2 | 193.07 | 1.88 % | ||
| R1 | 191.77 | 1.20 % | ||
| Current price: | 189.50 | |||
| Support | S1 | 187.57 | -1.02 % | |
| S2 | 186.27 | -1.71 % | ||
| S3 | 184.17 | -2.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 201.00 | 6.07 % | |
| R2 | 200.00 | 5.54 % | ||
| R1 | 199.00 | 5.01 % | ||
| Current price | 189.50 | |||
| Support | S1 | 189.00 | -0.264% | |
| S2 | 184.50 | -2.64% | ||
| S3 | 181.00 | -4.49% |
CCJI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 01, 2024 | Feb 01, 2024 | Mar 01, 2024 | £3.75 | 1.86% |
| 2 | Jul 06, 2023 | Jul 06, 2023 | Jul 06, 2023 | £1.55 | 0.97% |
| 3 | Jan 20, 2023 | Feb 02, 2023 | Mar 03, 2023 | £3.50 | 2.20% |
| 4 | Jun 28, 2022 | Jul 07, 2022 | Aug 05, 2022 | £1.40 | 0.93% |
| 5 | Feb 08, 2022 | Feb 17, 2022 | Mar 18, 2022 | £3.35 | 2.18% |
FAQ
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