Upwards trend and over 8 millionen copys of MHW soldThe company has great IPs like Dragons Dogma, Resident Evil, Street Fighter and of course the Monster Hunter games. There last games were a huge success with yet sold over 8 million copys of monster hunter wilds since release. Besides that the other AAA gaming companys are completly getting destroyed chartwise, what makes capcom and even more shining star on the market.
Chartwise we have a nice upwards trend, with my bet on a good rise when the earnings are coming out.
Disclamer: I bought shares today and this is of course just my opinion.
9697 trade ideas
Capcom Co Ltd - One Month before SF6 releaseA monthly side by side chart for Capcom Co Ltd Shares just one Month before the videogame Street Fighter 6 release date June 2, 2023.
Chart is mostly meant for monitoring and data collection for personal usage. And, of course, because I am a fan of Street Fighter 4 and the Fighting Game genre in general.
Monthly linear snap:
Weekly Chart:
9697 - 1 year CUP & HANDLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting's personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules. Any action taken upon these information is at your own risk.
CAPCOM CO.CAPCOM Stock Soars to All Time High After RE4 Remake Is the Latest in a Seemingly Unending String of Success
CAPCOM shares opened at 4,780 today and have now slightly decreased to 4,840, which is still a 2.22% increase. As you can see from the chart, the Japanese publisher and developer has been mostly on a roll over the past few years, owing to a long string of successful game releases. Around seven years ago, things were much different. In 2016, CAPCOM released the Resident Evil Origins Collection, a rather low-effort compilation of Resident Evil and Resident Evil Zero remasters; Street Fighter V, which was supposed to take the world of fighting games by storm but largely failed due to scarce single player content and poor performance during online multiplayer matches; Umbrella Corps, a generic third-person shooter that even the Resident Evil IP couldn't save from being thoroughly panned by critics and fans alike; and Dead Rising 4, which while decent couldn't save CAPCOM Vancouver from being closed less than two years after its release due to poor sales and the cancellation of the studio's next projects.
The rise of the famed developer began in early 2017 with the release of Resident Evil VII: Biohazard, which is largely credited as the spark that reignited CAPCOM's creativity. The developers took a gamble, moving their prized survival horror IP to a completely different playstyle and setting. For the first time in the series, players didn't take charge of a trained cop or member of the special forces but of an ordinary guy who, while desperately looking for his missing wife, finds himself living a nightmare in a godforsaken, sun-drenched spot in Louisiana. Amping up the horror factor was the choice to abandon the third-person camera in favor of first-person view.
The risk paid off. The game sold well and was hailed as a return to form for the developer, delivering a momentum that even the stumble of Marvel vs. Capcom Infinite couldn't break.Then, in early 2018, CAPCOM found itself an even bigger golden goose with Monster Hunter: World, which over time became the best-selling game ever made by the Japanese studio. Previously only popular in Japan, World made the franchise far more accessible and palatable to Western audiences.
The rest, as they say, is history. Resident Evil 2, Devil May Cry 5, Resident Evil 3, Monster Hunter Rise, Resident Evil Village, and last but certainly not least, the Resident Evil 4 remake that just sold over three million copies in two mere days since its launch.
Looking ahead, Street Fighter 6 is poised to redeem even the legendary fighting franchise, at least according to the preview impressions. On the other hand, the next CAPCOM game may turn out to be less than successful. The Japanese publisher was savvy enough to partially insulate itself from the risk by taking Microsoft's money and putting it on Game Pass from day one, though.
Then again, not every game can be a hit, and investors are clearly bullish on the company's future prospects, which also include a brand new sci-fi IP (Pragmata, originally scheduled for 2022 but later moved to 2023 and possibly due for another delay given the absence of communication) and the long-awaited Dragon's Dogma 2 by Hideaki Itsuno, which could be another megahit in the making for CAPCOM if it adds online co-op play as most fans are hoping for.
CAPCOM | Sreet Fighter6 & ATH 🔥Capcom stock prices have hit All Time High ahead of the launch for Street Fighter 6, following positive buzz around the anticipated title. looking at a chart, it’s easy to see what normally influences trends many previous spikes in share prices correlate around major Capcom releases, such as a March spike just two weeks before the release of Resident Evil 4 remake
It’s not just actual game releases that can have an affect on share prices a spike in November isn’t correlated with any major releases, though it does follow reports of Capcom making a mobile spinoff of Monster Hunter, as well as news about a potential release date for Street Fighter 6.
This week’s spike also follows a very optimistic forecast on Capcom’s investor relations page, which also predicts 140 billion yen in sales in the next fiscal year (April 2023 to March 2024).
It’s no surprise that Street Fighter 6 would have so much control over Capcom’s financial value- Street Fighter V is their 9th highest-selling title, with over 7 million units shipped. Combined with the announcement of a 2 million dollar prize pool for next year’s Capcom Pro Tour series and positive critical reception, it’s easy to be optimistic that Street Fighter 6’s launch will be huge for the company.
In its end-year financial results published on Wednesday, which cover the year ended March 31, 2023, the Resident Evil publisher said it had sold 41.7 million games during the 12-month period.
That’s up from 32.6 million games the previous fiscal year and breaks its record for the most games sold in a business year. The company said its game sales helped it achieve a sixth consecutive year of record-high profit “at all levels” and its tenth consecutive year of operating income growth.
The company achieved the record sales figure partly with the release of two new titles in its flagship series, Resident Evil 4 (which released a week before the end of the reporting period in March 2023) and Monster Hunter Rise: Sunbreak, which sold around 3.75 million and 5.45 million units.
The vast majority of its sales came from catalog titles, which Capcom defines as games released in the previous fiscal year or earlier.these sales, which it says were mostly made up of titles in the Monster Hunter, Resident Evil and Devil May Cry series, reached 29.3 million units – exceeding the 24 million units in the previous fiscal year.Capcom said 12.4 million in sales was made up of new titles. The company released 35 ‘new’ SKUs in FY23, including Mega Man: Battle Network Legacy Collection, Resident Evil Village: Gold Edition, Monster Hunter Rise Deluxe Edition, Capcom Arcade 2nd Stadium and Capcom Fighting Collection.
89.4% of its game sales during the 12 months were digital (37.3 million) and 19.7% were sold in its native Japan (8.2 million). Other than MH Rise: Sunbreak and RE4, the company’s top-selling titles during the FY were Monster Hunter Rise (3.7m), Resident Evil 2 (2.25m) and Resident Evil 3 (1.95m).
Capcom said it expects to break records for sales and profit again in its current fiscal year, ending March 31, 2024, which includes the release of Street Fighter 6 in June and new IP Exoprimal in July.Capcom‘s president recently said the company aims to sell 10 million copies of Street Fighter 6, which would break the series record of 7 million met by Street Fighter V
what an easy trade and profit 🥂
CAPCOM CO LTD: Strong Video Game Success and Financial PerformanCAPCOM CO LTD is a leading Japanese video game developer and publisher. The company was founded in 1979 and has since then created a portfolio of world-renowned titles such as Resident Evil, Monster Hunter, and Street Fighter. As of April 18, 2023, the company's stock, ticker 9697, is trading on the Tokyo Stock Exchange at a market capitalization of JPY 2.41 trillion.
From a technical perspective, CAPCOM's stock has been performing well, hitting new all-time highs in recent months. The stock price has been trending upwards since the end of 2021 and has gained over 45% year-to-date. The stock is currently trading above its 50-day moving average (MA) of JPY 6,830, which is above its 200-day MA of JPY 6,375. This indicates that the stock is in an uptrend and has bullish momentum.
In terms of financials, CAPCOM CO LTD has a price-to-earnings (P/E) ratio of 37.3, which is higher than the industry average of 30.7. This indicates that the market is willing to pay a premium for the company's earnings. CAPCOM has a dividend yield of 0.7%, which is lower than the industry average of 1.3%. While the dividend yield is lower, the company has consistently increased its dividend payouts over the years, reflecting its commitment to rewarding its shareholders.
CAPCOM has a strong free cash flow of JPY 48.7 billion as of the end of the fiscal year 2022. This represents a significant increase from the JPY 25.8 billion reported in the previous fiscal year. The company's strong free cash flow provides it with the financial flexibility to invest in growth opportunities, pay dividends, and reduce debt.
The company's current liabilities are JPY 23.3 billion as of the end of the fiscal year 2022, which is significantly lower than its current assets of JPY 114.7 billion. This indicates that the company has a strong ability to meet its short-term obligations.
There are several reasons to consider taking a long position in the company's stock:
1. Strong Technical Performance: The stock has been hitting new all-time highs and has been in an uptrend with bullish momentum. This suggests that the market is positive about the company's growth prospects and future earnings potential.
2. Growing Free Cash Flow: CAPCOM has reported a strong free cash flow, which indicates that the company has the financial flexibility to invest in growth opportunities, pay dividends, and reduce debt. This is a positive sign for investors, as it suggests that the company is well-positioned to generate sustainable long-term growth.
3. Solid Ability to Meet Short-term Obligations: The company's current liabilities are significantly lower than its current assets, indicating that the company has a solid ability to meet its short-term obligations. This provides investors with confidence that the company can manage its cash flow effectively.
4. Strong Portfolio of Successful Titles: CAPCOM has a strong portfolio of successful video game titles, such as Resident Evil, Monster Hunter, and Street Fighter, which have a loyal following and strong brand recognition. This can provide a stable source of revenue and long-term growth potential for the company.
In summary, CAPCOM CO LTD is a solid company with a promising outlook for the future. The company has a strong technical performance, growing free cash flow, solid ability to meet its short-term obligations, and a strong portfolio of successful titles. These factors make it an attractive investment opportunity for long-term investors looking to gain exposure to the video game industry.