Don Quijote Company., Ltd. (Japan) Stock Forecast
Don Quijote Company., Ltd. (Japan) stock price up 2.03% on Tuesday
(Updated on Jul 02, 2024)
The Don Quijote Company., Ltd. (Japan) stock price gained 2.03% on the last trading day (Tuesday, 2nd Jul 2024), rising from $23.64 to $24.12. During the last trading day the stock fluctuated 2.16% from a day low at $23.65 to a day high of $24.16. The price has fallen in 5 of the last 10 days but is still up by 2.42% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 4 thousand shares were bought and sold for approximately $85.55 thousand.
The stock lies in the middle of a 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 -2.58% during the next 3 months and, with a 90% probability hold a price between $22.27 and $25.11 at the end of this 3-month period.
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DQJCY Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 3.17%. Further rise is indicated until a new top pivot has been found. Don Quijote Company., Ltd. (Japan) has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Don Quijote Company., Ltd. (Japan) stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $24.55. On a fall, the stock will find some support from the short-term average at $23.83. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Don Quijote Company., Ltd. (Japan) stock
Don Quijote Company., Ltd. (Japan) finds support from accumulated volume at $23.87 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 $0.510 between high and low, or 2.16%. For the last week, the stock has had daily average volatility of 0.625%.
Our recommended stop-loss: $22.65 (-6.10%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (DQJCY) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Don Quijote Company., Ltd. (Japan) to open at $23.98, and during the day (based on 14 day Average True Range), to move between $23.65 and $24.59, which gives a possible trading interval of +/-$0.467 (+/-1.94%) up or down from last closing price. If Don Quijote Company., Ltd. (Japan) 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 $24.28 (0.66%) than the support at $23.87 (1.04%), 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 Don Quijote Company., Ltd. (Japan) stock A Buy?
Don Quijote Company., Ltd. (Japan) 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: -0.563 Hold/Accumulate Unchanged
Predicted Opening Price for Don Quijote Company., Ltd. (Japan) of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $23.98 ( 0.594%) | $24.12 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DQJCY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.49 | 1.52% |
| R2 | 24.29 | 0.712% |
| R1 | 24.17 | 0.213% |
| Price | 24.12 | |
| S1 | 23.78 | -1.40% |
| S2 | 23.66 | -1.90% |
| S3 | 23.47 | -2.71% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.66 | 2.24% |
| R2 | 24.39 | 1.12% |
| R1 | 24.28 | 0.663% |
| Price | 24.12 | |
| S1 | 23.87 | -1.04% |
| S2 | 23.84 | -1.16% |
| S3 | 23.79 | -1.37% |
DQJCY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 28, 2023 | Dec 28, 2023 | Mar 01, 2024 | $0.0192 | 0.0828% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Oct 13, 2023 | $0.0748 | 0.384% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Apr 07, 2023 | $0.0215 | 0.112% |
| 4 | Jun 29, 2022 | Jun 29, 2022 | Oct 14, 2022 | $0.0663 | 0.378% |
| 5 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | $0.0246 | 0.177% |
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