Wisesoft Co. Ltd., Stock Forecast
Big movements in Wisesoft Co. Ltd., stock price on Monday moving 12.12% between high and low
(Updated on May 20, 2024)
The Wisesoft Co. Ltd., stock price gained 0.83% on the last trading day (Monday, 20th May 2024), rising from ¥12.09 to ¥12.19. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 12.12% from a day low at ¥11.22 to a day high of ¥12.58. The price has risen in 6 of the last 10 days but is still down by -0.16% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 18 million more shares were traded than the day before. In total, 36 million shares were bought and sold for approximately ¥437.61 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.14% during the next 3 months and, with a 90% probability hold a price between ¥8.73 and ¥14.22 at the end of this 3-month period.
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002253.SZ Signals & Forecast
The Wisesoft Co. Ltd., stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ¥11.31 and ¥11.55. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -11.54%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Wisesoft Co. Ltd., stock
Wisesoft Co. Ltd., finds support from accumulated volume at ¥12.05 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ¥1.36 between high and low, or 12.12%. For the last week, the stock has had daily average volatility of 11.24%.
Our recommended stop-loss: ¥11.69 (-4.13%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (002253.SZ) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Wisesoft Co. Ltd., to open at ¥12.00, and during the day (based on 14 day Average True Range), to move between ¥10.46 and ¥13.92, which gives a possible trading interval of +/-¥1.73 (+/-14.17%) up or down from last closing price. If Wisesoft Co. Ltd., takes out the full calculated possible swing range there will be an estimated 28.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥12.05 (1.15%) than the resistance at ¥12.40 (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 Wisesoft Co. Ltd., stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.577 Buy Candidate Unchanged
Predicted Opening Price for Wisesoft Co. Ltd., of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ¥12.00 ( 1.59%) | ¥12.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002253.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.36 | 9.57 % | |
| R2 | 12.84 | 5.31 % | ||
| R1 | 12.52 | 2.68 % | ||
| Current price: | 12.19 | |||
| Support | S1 | 11.48 | -5.85 % | |
| S2 | 11.16 | -8.48 % | ||
| S3 | 10.64 | -12.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.73 | 20.84 % | |
| R2 | 13.69 | 12.31 % | ||
| R1 | 12.40 | 1.72 % | ||
| Current price | 12.19 | |||
| Support | S1 | 12.05 | -1.15% | |
| S2 | 11.90 | -2.38% | ||
| S3 | 9.40 | -22.89% |
002253 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 26, 2021 | May 26, 2021 | May 26, 2021 | ¥0.120 | 0.90% |
| 2 | Jul 09, 2020 | Jul 09, 2020 | Jul 09, 2020 | ¥0.120 | 0.81% |
| 3 | May 20, 2019 | May 20, 2019 | May 20, 2019 | ¥0.120 | 0.86% |
| 4 | May 22, 2018 | May 22, 2018 | May 22, 2018 | ¥0.120 | 0.642% |
| 5 | May 26, 2017 | May 26, 2017 | May 26, 2017 | ¥0.120 | 0.522% |
FAQ
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