Japan Smaller Capitalizaion Fund Inc Stock Forecast
Japan Smaller Capitalizaion Fund Inc stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Apr 19, 2024)
The Japan Smaller Capitalizaion Fund Inc stock price gained 0.81% on the last trading day (Friday, 19th Apr 2024), rising from $7.49 to $7.55. During the last trading day the stock fluctuated 1.11% from a day low at $7.50 to a day high of $7.58. The price has fallen in 7 of the last 10 days and is down by -4.19% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 13 thousand more shares were traded than the day before. In total, 46 thousand shares were bought and sold for approximately $344.12 thousand.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $7.49 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 2.63% during the next 3 months and, with a 90% probability hold a price between $7.69 and $8.30 at the end of this 3-month period.
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JOF Signals & Forecast
The Japan Smaller Capitalizaion Fund Inc 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 $7.61 and $7.84. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 0.81%. Further rise is indicated until a new top pivot has been found. Japan Smaller Capitalizaion Fund Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Japan Smaller Capitalizaion Fund Inc stock
Japan Smaller Capitalizaion Fund Inc finds support from accumulated volume at $7.54 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.0829 (1.11%) between high and low. For the last week, the stock has had daily average volatility of 0.99%.
Our recommended stop-loss: $7.09 (-6.05%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (JOF) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Japan Smaller Capitalizaion Fund Inc to open at $7.54, and during the day (based on 14 day Average True Range), to move between $7.46 and $7.64, which gives a possible trading interval of +/-$0.0947 (+/-1.25%) up or down from last closing price. If Japan Smaller Capitalizaion Fund Inc takes out the full calculated possible swing range there will be an estimated 2.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $7.54 (0.13%) than the resistance at $7.68 (1.72%), 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 Smaller Capitalizaion Fund Inc stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.193 Buy Candidate Upgraded
Predicted Opening Price for Japan Smaller Capitalizaion Fund Inc of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $7.54 ( 0.101%) | $7.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JOF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.63 | 1.00 % | |
| R2 | 7.59 | 0.577 % | ||
| R1 | 7.57 | 0.318 % | ||
| Current price: | 7.55 | |||
| Support | S1 | 7.51 | -0.521 % | |
| S2 | 7.49 | -0.780 % | ||
| S3 | 7.46 | -1.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.89 | 4.50 % | |
| R2 | 7.82 | 3.58 % | ||
| R1 | 7.68 | 1.72 % | ||
| Current price | 7.55 | |||
| Support | S1 | 7.54 | -0.132% | |
| S2 | 7.53 | -0.265% | ||
| S3 | 7.49 | -0.795% |
JOF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 08, 2023 | Dec 18, 2023 | Dec 27, 2023 | $0.266 | 3.56% |
| 2 | Dec 09, 2022 | Dec 19, 2022 | Dec 27, 2018 | $0.0460 | 0.553% |
| 3 | Dec 10, 2021 | Dec 16, 2021 | Dec 28, 2021 | $0.606 | 7.67% |
| 4 | Dec 09, 2020 | Dec 17, 2020 | Dec 28, 2020 | $0.344 | 3.89% |
| 5 | Dec 06, 2019 | Dec 17, 2019 | Dec 27, 2019 | $0.743 | 8.24% |
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