Oriental Shiraishi Corporation Stock Forecast

Oriental Shiraishi Corporation stock price ended at JP¥366.00 on Thursday, after losing 0%.
(Updated on Jun 27, 2024)

1786.T Signals & Forecast

The Oriental Shiraishi Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥361.29 and JP¥354.94. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 7.96%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.

Support, Risk & Stop-loss for Oriental Shiraishi Corporation stock

Oriental Shiraishi Corporation finds support from accumulated volume at JP¥355.00 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 JP¥4.00 (1.10%) between high and low. For the last week, the stock has had daily average volatility of 1.33%.

Our recommended stop-loss: JP¥352.90 (-3.58%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 33 days ago.)

Trading Expectations (1786.T) For The Upcoming Trading Day Of Friday 28th

For the upcoming trading day on Friday, 28th we expect Oriental Shiraishi Corporation to open at JP¥365.33, and during the day (based on 14 day Average True Range), to move between JP¥360.03 and JP¥371.97, which gives a possible trading interval of +/-JP¥5.97 (+/-1.63%) up or down from last closing price. If Oriental Shiraishi Corporation takes out the full calculated possible swing range there will be an estimated 3.26% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at JP¥376.00 (2.73%) than the support at JP¥355.00 (3.01%), 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 Oriental Shiraishi Corporation 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: 2.002 Buy Candidate Unchanged

Predicted Opening Price for Oriental Shiraishi Corporation of Friday, June 28, 2024

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