Capcom Co., Ltd. Stock Forecast
Capcom Co., Ltd. stock price ended at $9.38 on Friday, after losing 0.85%.
(Updated on Jun 28, 2024)
The Capcom Co., Ltd. stock price fell by -0.85% on the last day (Friday, 28th Jun 2024) from $9.46 to $9.38. During the last trading day the stock fluctuated 0% from a day low at $9.38 to a day high of $9.38. The price has risen in 4 of the last 10 days and is up by 4.11% over the past 2 weeks. Volume has increased on the last day by 105 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, 105 shares were bought and sold for approximately $984.90 .
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -12.40% during the next 3 months and, with a 90% probability hold a price between $5.37 and $14.93 at the end of this 3-month period.
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CCOEY Signals & Forecast
The Capcom Co., Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $9.35 and $9.02. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 17.32%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Capcom Co., Ltd. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Capcom Co., Ltd. stock
Capcom Co., Ltd. finds support from accumulated volume at $9.13 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0.411%.
Our recommended stop-loss: $9.08 (-3.16%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 67 days ago.)
Trading Expectations (CCOEY) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Capcom Co., Ltd. to open at $9.38, and during the day (based on 14 day Average True Range), to move between $9.23 and $9.53, which gives a possible trading interval of +/-$0.154 (+/-1.64%) up or down from last closing price. If Capcom Co., Ltd. takes out the full calculated possible swing range there will be an estimated 3.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $9.41 (0.32%) than the support at $9.13 (2.67%), 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 Capcom Co., Ltd. stock A Buy?
Capcom Co., Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Capcom Co., Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $9.38 ( 0%) | $9.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CCOEY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.38 | - |
| R2 | 9.38 | - |
| R1 | 9.38 | - |
| Price | 9.38 | |
| S1 | 9.38 | - |
| S2 | 9.38 | - |
| S3 | 9.38 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.68 | 3.20% |
| R2 | 9.46 | 0.85% |
| R1 | 9.41 | 0.320% |
| Price | 9.38 | |
| S1 | 9.13 | -2.67% |
| S2 | 8.56 | -8.74% |
| S3 | 8.52 | -9.17% |
CCOEY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 04, 2024 | Mar 28, 2024 | Jul 08, 2024 | $0.0900 | 0.96% |
| 2 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | $0.0893 | 0.98% |
| 3 | Feb 17, 2023 | Mar 30, 2023 | Jul 06, 2023 | $0.100 | 1.03% |
| 4 | Aug 29, 2022 | Sep 29, 2022 | Nov 30, 2022 | $0.0600 | 0.791% |
| 5 | Mar 29, 2022 | Mar 29, 2022 | Jul 11, 2022 | $0.104 | 1.62% |
FAQ
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