GAKUJO CO.,Ltd. Stock Forecast

Green day on Friday for GAKUJO CO.,Ltd.
(Updated on Jun 28, 2024)

2301.T Signals & Forecast

The GAKUJO 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¥1,942.71. On a fall, the stock will find some support from the long-term average at approximately JP¥1,824.83. 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 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 Wednesday, June 26, 2024, and so far it has fallen -1.43%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Wednesday, April 10, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, June 07, 2024.

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 GAKUJO CO.,Ltd. stock

GAKUJO CO.,Ltd. finds support from accumulated volume at JP¥1,841.00 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 JP¥21.00 between high and low, or 1.09%. For the last week, the stock has had daily average volatility of 1.74%.

Our recommended stop-loss: JP¥1,871.78 (-3.12%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 22 days ago.)

Trading Expectations (2301.T) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect GAKUJO CO.,Ltd. to open at JP¥1,931.00, and during the day (based on 14 day Average True Range), to move between JP¥1,892.38 and JP¥1,971.62, which gives a possible trading interval of +/-JP¥39.62 (+/-2.05%) up or down from last closing price. If GAKUJO CO.,Ltd. takes out the full calculated possible swing range there will be an estimated 4.10% 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¥1,940.00 (0.41%) than the support at JP¥1,841.00 (4.71%), 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 GAKUJO CO.,Ltd. stock A Buy?

GAKUJO CO.,Ltd. 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: -0.832 Hold/Accumulate Unchanged

Predicted Opening Price for GAKUJO CO.,Ltd. of Monday, July 1, 2024

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