Japan Smaller Capitalizaion Fund Inc Stock Forecast

Japan Smaller Capitalizaion Fund Inc stock upgraded to Buy Candidate.
(Updated on Apr 24, 2024)

JOF Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 2.15%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Japan Smaller Capitalizaion Fund Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $7.81. On a fall, the stock will find some support from the short-term average at $7.58. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Japan Smaller Capitalizaion Fund Inc stock

Japan Smaller Capitalizaion Fund Inc finds support from accumulated volume at $7.60 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 $0.0499 (0.655%) between high and low. For the last week, the stock has had daily average volatility of 0.89%.

Our recommended stop-loss: $7.23 (-5.51%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (JOF) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect Japan Smaller Capitalizaion Fund Inc to open at $7.65, and during the day (based on 14 day Average True Range), to move between $7.56 and $7.74, which gives a possible trading interval of +/-$0.0889 (+/-1.16%) 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 2.32% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $7.68 (0.39%) than the support at $7.60 (0.65%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Japan Smaller Capitalizaion Fund Inc stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Japan Smaller Capitalizaion Fund Inc stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.425 Buy Candidate Upgraded

Predicted Opening Price for Japan Smaller Capitalizaion Fund Inc of Thursday, April 25, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.