LAND BUSINESS CO.,LTD. Stock Forecast
LAND BUSINESS CO.,LTD. stock price down 1.15% on Friday
(Updated on Apr 19, 2024)
The LAND BUSINESS CO.,LTD. stock price fell by -1.15% on the last day (Friday, 19th Apr 2024) from JP¥262.00 to JP¥259.00. During the last trading day the stock fluctuated 2.70% from a day low at JP¥259.00 to a day high of JP¥266.00. The price has fallen in 6 of the last 10 days and is down by -5.13% for this period. Volume has increased on the last day by 26 thousand 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, 34 thousand shares were bought and sold for approximately JP¥8.75 million.
The stock has broken the horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately JP¥262.75 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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8944.T Signals & Forecast
There are few to no technical positive signals at the moment. The LAND BUSINESS 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 JP¥264.14 and JP¥269.83. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -8.16%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
A sell signal from a double top formation was found on Monday, April 01, 2024 with a target of JP¥272.00. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for LAND BUSINESS 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 is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥7.00 (2.70%) between high and low. For the last week, the stock has had daily average volatility of 1.53%.
LAND BUSINESS CO.,LTD. is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8944.T) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect LAND BUSINESS CO.,LTD. to open at JP¥261.33, and during the day (based on 14 day Average True Range), to move between JP¥253.30 and JP¥264.70, which gives a possible trading interval of +/-JP¥5.70 (+/-2.20%) up or down from last closing price. If LAND BUSINESS CO.,LTD. takes out the full calculated possible swing range there will be an estimated 4.40% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ JP¥265.00, some JP¥6.00 (2.32%) from the current price of JP¥259.00, our system finds the risk reward not very attractive.
Is LAND BUSINESS CO.,LTD. stock A Buy?
LAND BUSINESS CO.,LTD. holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.722 Sell Candidate Unchanged
Predicted Opening Price for LAND BUSINESS CO.,LTD. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| JP¥261.33 ( 0.90%) | JP¥259.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8944.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 268.33 | 3.60 % | |
| R2 | 265.66 | 2.57 % | ||
| R1 | 264.01 | 1.93 % | ||
| Current price: | 259.00 | |||
| Support | S1 | 258.66 | -0.132 % | |
| S2 | 257.01 | -0.769 % | ||
| S3 | 254.33 | -1.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 276.00 | 6.56 % | |
| R2 | 267.00 | 3.09 % | ||
| R1 | 265.00 | 2.32 % | ||
| Current price | 259.00 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
8944 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥6.00 | 1.78% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥6.00 | 2.65% |
| 4 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥6.00 | 2.21% |
| 5 | Sep 29, 2020 | Sep 29, 2020 | Sep 29, 2020 | JP¥6.00 | 1.57% |
FAQ
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