Don Quijote Company., Ltd. (Japan) Stock Forecast
Stronger technical forecast for Don Quijote Company., Ltd. (Japan) stock price after Wednesday trading.
(Updated on Mar 27, 2024)
The Don Quijote Company., Ltd. (Japan) stock price gained 4.94% on the last trading day (Wednesday, 27th Mar 2024), rising from $26.29 to $27.59. During the last trading day the stock fluctuated 6.52% from a day low at $26.07 to a day high of $27.77. The price has risen in 7 of the last 10 days and is up by 15.77% 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, 68 thousand more shares were traded than the day before. In total, 104 thousand shares were bought and sold for approximately $2.88 million.
Given the current short-term trend, the stock is expected to rise 12.34% during the next 3 months and, with a 90% probability hold a price between $26.49 and $30.99 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
DQJCY Signals & Forecast
Mostly positive signals in the chart today. The Don Quijote Company., Ltd. (Japan) 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 $26.45 and $24.04. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, January 26, 2024, and so far it has risen 28.39%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Don Quijote Company., Ltd. (Japan) stock
On the downside, the stock finds support just below today's level from accumulated volume at $26.17 and $23.83. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Don Quijote Company., Ltd. (Japan) finds support just below today's level at $26.17. If this is broken, then the next support from accumulated volume will be at $23.83 and $23.31.
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 $1.70 between high and low, or 6.52%. For the last week, the stock has had daily average volatility of 5.29%.
The Don Quijote Company., Ltd. (Japan) stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: $26.68 (-3.30%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 85 and this increases the risk substantially. There is a buy signal from a pivot bottom found 42 days ago.)
Trading Expectations (DQJCY) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Don Quijote Company., Ltd. (Japan) to open at $27.14, and during the day (based on 14 day Average True Range), to move between $26.45 and $28.73, which gives a possible trading interval of +/-$1.14 (+/-4.12%) 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 8.23% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $26.17, some $1.42 (5.15%) from the current price of $27.59, our system finds the risk reward attractive.
Is Don Quijote Company., Ltd. (Japan) stock A Buy?
Don Quijote Company., Ltd. (Japan) holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 7.344 Strong Buy Candidate Upgraded
Predicted Opening Price for Don Quijote Company., Ltd. (Japan) of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$27.14 ( 1.62%) | $27.59 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 28.84 | 4.54 % | |
R2 | 28.19 | 2.19 % | ||
R1 | 27.79 | 0.735 % | ||
Current price: | 27.59 | |||
Support | S1 | 26.49 | -3.97 % | |
S2 | 26.09 | -5.43 % | ||
S3 | 25.44 | -7.78 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 27.59 | |||
Support | S1 | 26.17 | -5.15% | |
S2 | 23.83 | -13.62% | ||
S3 | 23.31 | -15.51% |
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% |
FAQ
Click here for our free guide on how to buy Don Quijote Company., Ltd. (Japan) Stock.