DAIHO CORPORATION Stock Forecast

Green day on Thursday for DAIHO CORPORATION
(Updated on May 30, 2024)

1822.T Signals & Forecast

The DAIHO 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¥3,390.00 and JP¥3,296.86. 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 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. 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 Tuesday, May 14, 2024, and so far it has fallen -0.86%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for DAIHO CORPORATION stock

DAIHO CORPORATION finds support from accumulated volume at JP¥3,420.00 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¥70.00 (2.07%) between high and low. For the last week, the stock has had daily average volatility of 1.88%.

Our recommended stop-loss: JP¥3,324.29 (-3.36%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 26 days ago.)

Trading Expectations (1822.T) For The Upcoming Trading Day Of Friday 31st

For the upcoming trading day on Friday, 31st we expect DAIHO CORPORATION to open at JP¥3,420.00, and during the day (based on 14 day Average True Range), to move between JP¥3,365.68 and JP¥3,514.32, which gives a possible trading interval of +/-JP¥74.32 (+/-2.16%) up or down from last closing price. If DAIHO CORPORATION takes out the full calculated possible swing range there will be an estimated 4.32% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at JP¥3,420.00 (0.58%) than the resistance at JP¥3,470.00 (0.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is DAIHO CORPORATION stock A Buy?

DAIHO CORPORATION holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.354 Hold/Accumulate Unchanged

Predicted Opening Price for DAIHO CORPORATION of Friday, May 31, 2024

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