MARUI GROUP CO., LTD. Stock Forecast
MARUI GROUP CO., LTD. stock upgraded to Hold/Accumulate.
(Updated on Apr 19, 2024)
The MARUI GROUP CO., LTD. stock price fell by -2.94% on the last day (Friday, 19th Apr 2024) from $30.49 to $29.59. During the last trading day the stock fluctuated 0% from a day low at $29.59 to a day high of $29.59. The price has been going up and down for this period, and there has been a -12.28% loss for the last 2 weeks. Volume has increased on the last day by 168 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, 168 shares were bought and sold for approximately $4.97 thousand.
The stock has broken the falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($30.44) are considered to be a "second chance" to get out. According to the fan-theory $27.45 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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MAURY Signals & Forecast
There are few to no technical positive signals at the moment. The MARUI GROUP CO., LTD. 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 $30.98 and $32.33. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -12.28%. 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). MARUI GROUP 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 MARUI GROUP CO., LTD. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 0.183%.
Our recommended stop-loss: $28.01 (-5.34%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (MAURY) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect MARUI GROUP CO., LTD. to open at $29.59, and during the day (based on 14 day Average True Range), to move between $29.09 and $30.10, which gives a possible trading interval of +/-$0.506 (+/-1.71%) up or down from last closing price. If MARUI GROUP CO., LTD. takes out the full calculated possible swing range there will be an estimated 3.42% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $31.44, some $1.85 (6.24%) from the current price of $29.59, our system finds the risk reward not very attractive.
Is MARUI GROUP CO., LTD. stock A Buy?
MARUI GROUP CO., LTD. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
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 MARUI GROUP CO., LTD. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $29.59 ( 0.00000000%) | $29.59 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MAURY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.59 | 0.00000000 % | |
| R2 | 29.59 | 0.00000000 % | ||
| R1 | 29.59 | 0.00000000 % | ||
| Current price: | 29.59 | |||
| Support | S1 | 29.59 | 0.00000000 % | |
| S2 | 29.59 | 0.00000000 % | ||
| S3 | 29.59 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 32.96 | 11.37 % | |
| R2 | 32.43 | 9.60 % | ||
| R1 | 31.44 | 6.24 % | ||
| Current price | 29.59 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
MAURY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 28, 2023 | Sep 28, 2023 | Dec 20, 2023 | $0.501 | 1.58% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Jul 13, 2023 | $0.299 | 0.83% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Dec 19, 2022 | $0.309 | 0.95% |
| 4 | Sep 25, 2008 | Sep 25, 2008 | Sep 25, 2008 | $0.262 | 1.30% |
| 5 | Sep 26, 2007 | Sep 26, 2007 | Sep 26, 2007 | $0.243 | 1.19% |
FAQ
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