ROKKO BUTTER CO.,LTD. Stock Forecast

ROKKO BUTTER CO.,LTD. stock price up 1.17% on Friday
(Updated on May 17, 2024)

2266.T Signals & Forecast

The ROKKO BUTTER CO.,LTD. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥1,475.71. On a fall, the stock will find some support from the long-term average at approximately JP¥1,446.77. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Thursday, May 02, 2024, and so far it has fallen -2.64%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Monday, March 11, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for ROKKO BUTTER CO.,LTD. stock

ROKKO BUTTER CO.,LTD. finds support from accumulated volume at JP¥1,464.00 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¥29.00 (2.00%) between high and low. For the last week, the stock has had daily average volatility of 2.03%.

Our recommended stop-loss: JP¥1,408.91 (-4.48%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)

Trading Expectations (2266.T) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect ROKKO BUTTER CO.,LTD. to open at JP¥1,470.00, and during the day (based on 14 day Average True Range), to move between JP¥1,447.77 and JP¥1,502.23, which gives a possible trading interval of +/-JP¥27.23 (+/-1.85%) up or down from last closing price. If ROKKO BUTTER CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.69% 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¥1,464.00 (0.75%) than the resistance at JP¥1,507.00 (2.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is ROKKO BUTTER CO.,LTD. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for ROKKO BUTTER CO.,LTD. stock to perform well in the short-term.

Current score: 2.475 Buy Candidate Unchanged

Predicted Opening Price for ROKKO BUTTER CO.,LTD. of Monday, May 20, 2024

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