Wisesoft Co. Ltd., Stock Forecast
Stronger technical forecast for Wisesoft Co. Ltd., stock price after Tuesday trading.
(Updated on Jul 02, 2024)
The Wisesoft Co. Ltd., stock price gained 2.83% on the last trading day (Tuesday, 2nd Jul 2024), rising from ¥10.96 to ¥11.27. During the last trading day the stock fluctuated 8.60% from a day low at ¥10.46 to a day high of ¥11.36. The price has been going up and down for this period, and there has been a 11.58% gain for the last 2 weeks. Volume fell on the last day by -812 thousand shares and in total, 24 million shares were bought and sold for approximately ¥267.75 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -5.59% during the next 3 months and, with a 90% probability hold a price between ¥7.89 and ¥12.48 at the end of this 3-month period.
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002253.SZ Signals & Forecast
Mostly positive signals in the chart today. 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 ¥10.71 and ¥10.77. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 20.92%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Wisesoft Co. Ltd., stock
Wisesoft Co. Ltd., finds support from accumulated volume at ¥11.15 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ¥0.90 between high and low, or 8.60%. For the last week, the stock has had daily average volatility of 9.55%.
Our recommended stop-loss: ¥10.90 (-3.24%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 40 days ago.)
Trading Expectations (002253.SZ) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Wisesoft Co. Ltd., to open at ¥11.03, and during the day (based on 14 day Average True Range), to move between ¥10.20 and ¥12.34, which gives a possible trading interval of +/-¥1.07 (+/-9.54%) up or down from last closing price. If Wisesoft Co. Ltd., takes out the full calculated possible swing range there will be an estimated 19.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥11.15 (1.06%) than the resistance at ¥11.52 (2.22%), 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.587 Buy Candidate Upgraded
Predicted Opening Price for Wisesoft Co. Ltd., of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| ¥11.03 ( 2.13%) | ¥11.27 |
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 | |
|---|---|---|
| R3 | 11.93 | 5.86% |
| R2 | 11.59 | 2.81% |
| R1 | 11.37 | 0.92% |
| Price | 11.27 | |
| S1 | 10.69 | -5.18% |
| S2 | 10.47 | -7.06% |
| S3 | 10.13 | -10.12% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.40 | 10.03% |
| R2 | 12.21 | 8.34% |
| R1 | 11.52 | 2.22% |
| Price | 11.27 | |
| S1 | 11.15 | -1.06% |
| S2 | 11.14 | -1.15% |
| S3 | 10.96 | -2.75% |
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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