Japan Exchange Group Inc Unsp Adr Stock Forecast
Is Japan Exchange Group Inc Unsp Adr stock still a buy after falling -5.23% on Tuesday?
(Updated on Apr 30, 2024)
The Japan Exchange Group Inc Unsp Adr stock price fell by -5.23% on the last day (Tuesday, 30th Apr 2024) from $12.27 to $11.63. During the last trading day the stock fluctuated 4.35% from a day low at $11.50 to a day high of $12.00. The price has fallen in 6 of the last 10 days and is down by -7.77% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -12 thousand shares and in total, 36 thousand shares were bought and sold for approximately $417.18 thousand.
Given the current short-term trend, the stock is expected to rise 7.05% during the next 3 months and, with a 90% probability hold a price between $12.45 and $15.35 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.
JPXGY Signals & Forecast
There are few to no technical positive signals at the moment. The Japan Exchange Group Inc Unsp Adr 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 $12.22 and $13.11. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -16.75%. 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 fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Japan Exchange Group Inc Unsp Adr stock
Japan Exchange Group Inc Unsp Adr finds support from accumulated volume at $11.42 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.500 between high and low, or 4.35%. For the last week the stock has had daily average volatility of 2.06%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JPXGY) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Japan Exchange Group Inc Unsp Adr to open at $11.71, and during the day (based on 14 day Average True Range), to move between $11.26 and $12.00, which gives a possible trading interval of +/-$0.370 (+/-3.18%) up or down from last closing price. If Japan Exchange Group Inc Unsp Adr takes out the full calculated possible swing range there will be an estimated 6.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $11.42 (1.80%) than the resistance at $12.88 (10.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Japan Exchange Group Inc Unsp Adr stock A Buy?
The Japan Exchange Group Inc Unsp Adr stock holds several negative signals and despite the positive trend, we believe Japan Exchange Group Inc Unsp Adr will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.259 Sell Candidate Unchanged
Predicted Opening Price for Japan Exchange Group Inc Unsp Adr of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $11.71 ( 0.688%) | $11.63 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JPXGY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.21 | 4.99 % | |
| R2 | 12.02 | 3.34 % | ||
| R1 | 11.90 | 2.33 % | ||
| Current price: | 11.63 | |||
| Support | S1 | 11.52 | -0.95 % | |
| S2 | 11.40 | -1.97 % | ||
| S3 | 11.21 | -3.61 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.05 | 12.21 % | |
| R2 | 13.03 | 12.04 % | ||
| R1 | 12.88 | 10.75 % | ||
| Current price | 11.63 | |||
| Support | S1 | 11.42 | -1.80% | |
| S2 | 11.32 | -2.70% | ||
| S3 | 11.08 | -4.73% |
JPXGY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 28, 2023 | Sep 28, 2023 | Dec 14, 2023 | $0.0625 | 0.618% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Jun 12, 2023 | $0.0830 | 0.96% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Dec 15, 2022 | $0.0601 | 0.89% |
| 4 | Sep 28, 2021 | Sep 28, 2021 | Sep 28, 2021 | $0.115 | 0.90% |
| 5 | Mar 29, 2021 | Mar 29, 2021 | Mar 29, 2021 | $0.191 | 1.58% |
FAQ
Click here for our free guide on how to buy Japan Exchange Group Inc Unsp Adr Stock.
