J. FRONT RETAILING’s share price moved sharply at the beginning of November, trading between ¥2,787.5 and ¥2,833 from 11/2 to 11/6. Trading volume surged on the 4th, followed by a rebound on the 5th, resulting in volatile price action.
From 11/2 to 11/6, the share price traded within a range of ¥2,787.5 to ¥2,833, with large daily moves of +5.13% on 11/2, -5.59% on 11/4 and +6.94% on 11/5. The past five trading sessions saw alternating gains and losses, with the share price repeatedly crossing short-term key levels.
The stock was highlighted on 11/2, 11/5 and 11/6 as having broken above the Ichimoku cloud or achieved the three bullish confirmations. The stock remains in a phase of searching for direction.
The closing price on 11/4 was ¥2,852, down ¥169 from the previous day, while trading volume reached 3,828,000 shares, up 106% from the previous day. Trading expanded on the down day, leading to volatile price action followed by the +6.94% rebound on 11/5. It was also reported that the stake held by major shareholder 3D Investment had risen from 11.63% to 12.73% as of 11/27.