eole Inc. Stock Forecast
eole Inc. stock price down 0.590% on Wednesday
(Updated on Jun 19, 2024)
The eole Inc. stock price fell by -0.590% on the last day (Wednesday, 19th Jun 2024) from JP¥678.00 to JP¥674.00. During the last trading day the stock fluctuated 3.95% from a day low at JP¥659.00 to a day high of JP¥685.00. The price has fallen in 6 of the last 10 days and is down by -5.73% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -24 thousand shares and in total, 21 thousand shares were bought and sold for approximately JP¥13.95 million.
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 -20.86% during the next 3 months and, with a 90% probability hold a price between JP¥443.98 and JP¥574.50 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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2334.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, May 20, 2024, and so far it has risen 6.98%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The eole Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥689.00 and JP¥699.74. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for eole Inc. stock
eole Inc. finds support from accumulated volume at JP¥673.00 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¥26.00 between high and low, or 3.95%. For the last week, the stock has had daily average volatility of 5.25%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (2334.T) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect eole Inc. to open at JP¥672.67, and during the day (based on 14 day Average True Range), to move between JP¥624.95 and JP¥723.05, which gives a possible trading interval of +/-JP¥49.05 (+/-7.28%) up or down from last closing price. If eole Inc. takes out the full calculated possible swing range there will be an estimated 14.56% 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¥673.00 (0.15%) than the resistance at JP¥709.00 (5.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is eole Inc. stock A Buy?
eole Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.160 Sell Candidate Unchanged
Predicted Opening Price for eole Inc. of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| JP¥672.67 ( 0.198%) | JP¥674.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2334.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 698.67 | 3.66% |
| R2 | 688.73 | 2.19% |
| R1 | 682.60 | 1.28% |
| Price | 674.00 | |
| S1 | 662.73 | -1.67% |
| S2 | 656.60 | -2.58% |
| S3 | 646.67 | -4.06% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 751.00 | 11.42% |
| R2 | 724.00 | 7.42% |
| R1 | 709.00 | 5.19% |
| Price | 674.00 | |
| S1 | 673.00 | -0.148% |
| S2 | 658.00 | -2.37% |
| S3 | 656.00 | -2.67% |
FAQ
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