Don Quijote Company., Ltd. (Japan) Stock Forecast
Don Quijote Company., Ltd. (Japan) stock price down 0.451% on Thursday
(Updated on Apr 18, 2024)
The Don Quijote Company., Ltd. (Japan) stock price fell by -0.451% on the last day (Thursday, 18th Apr 2024) from $24.39 to $24.28. During the last trading day the stock fluctuated 6.43% from a day low at $23.63 to a day high of $25.15. The price has fallen in 5 of the last 10 days and is down by -2.72% for this period. Volume has increased on the last day by 2 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, 16 thousand shares were bought and sold for approximately $394.38 thousand.
Given the current short-term trend, the stock is expected to rise 17.90% during the next 3 months and, with a 90% probability hold a price between $28.63 and $33.77 at the end of this 3-month period.
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DQJCY Signals & Forecast
There are few to no technical positive signals at the moment. The Don Quijote Company., Ltd. (Japan) 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 $24.92 and $24.93. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -12.00%. 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). Don Quijote Company., Ltd. (Japan) 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".
Support, Risk & Stop-loss for Don Quijote Company., Ltd. (Japan) stock
Don Quijote Company., Ltd. (Japan) finds support from accumulated volume at $23.83 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 $1.52 between high and low, or 6.43%. For the last week, the stock has had daily average volatility of 4.23%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DQJCY) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Don Quijote Company., Ltd. (Japan) to open at $24.35, and during the day (based on 14 day Average True Range), to move between $23.28 and $25.28, which gives a possible trading interval of +/-$1.00 (+/-4.10%) 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 8.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $23.83 (1.85%) than the resistance at $26.05 (7.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Don Quijote Company., Ltd. (Japan) stock A Buy?
The Don Quijote Company., Ltd. (Japan) stock holds several negative signals and despite the positive trend, we believe Don Quijote Company., Ltd. (Japan) will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.378 Sell Candidate Unchanged
Predicted Opening Price for Don Quijote Company., Ltd. (Japan) of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $24.35 ( 0.302%) | $24.28 |
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 | 25.87 | 6.56 % | |
| R2 | 25.29 | 4.17 % | ||
| R1 | 24.93 | 2.69 % | ||
| Current price: | 24.28 | |||
| Support | S1 | 23.77 | -2.09 % | |
| S2 | 23.41 | -3.57 % | ||
| S3 | 22.83 | -5.96 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.59 | 13.63 % | |
| R2 | 26.17 | 7.78 % | ||
| R1 | 26.05 | 7.29 % | ||
| Current price | 24.28 | |||
| Support | S1 | 23.83 | -1.85% | |
| S2 | 23.31 | -4.00% | ||
| S3 | 21.87 | -9.93% |
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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